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BWX goes vegan: Beauty giant snaps up online eco startup Flora & Fauna

Manufacturing and consumer goods company BWX is branching out beyond natural beauty into vegan and cruelty-free products with its acquisition of leading eco-friendly online retailer Flora & Fauna. The acquisition, which was announced on Monday, will see BWX pay between $27.9 million and $30.8 million for 100 per cent of the Good Collective Pty Ltd, which trades as Flora & Fauna. This represents a multiple of between 1.6 and 1.8 times the online retailer’s FY21 revenue, which is expecte