(Reuters) -U.S. cosmetics retailer Ulta Beauty is on the verge of a deal to buy British high street chain Space NK, Sky News reported on Thursday, citing a source.
The exact price being paid by Ulta was unclear, the report said, adding that the deal value was likely to be well in excess of 300 million pounds ($408.2 million).
The New York-listed firm is understood to have registered an acquisition vehicle at Companies House in recent weeks, according to the report.
Ulta Beauty did not immediately respond to a request for comment outside of business hours.
($1 = 0.7350 pounds)
(Reporting by Savyata Mishra in Bengaluru)
