Zoe Foster-Blake suffers a $30MILLION blow

Entrepreneur Zoe Foster-Blake has suffered a $30million blow as the value of her share of Go-To - the skincare range she founded - is written down. The beauty mogul, 42, sold 50.1 per cent of her business to ASX-listed company BWX for $89million in August last year. Foster-Blake was expected to sell her remaining 49.9 stake for roughly the same amount.  However, financial reports released on Monday show Ms Foster-Blake's remaining holdings are now worth substantially less - meaning she would be paid out $30million fewer should she sell. Skincare entrepreneur Zoe Foster-Blake has suffered a $30million blow as the value of her holdings in Go-To are written down Furthermore, the value of the BWX-owned majority share in Go-To has plunged by $43million, the reported. BWX, which boasts a portfolio popular beauty brands including Sukin and Mineral Fusion, recently lost its chief financial officer and sought fresh funding to restructure the business. RELATED ARTICLES Previous 1 Next Inside Zoë Foster Blake's wild 80s themed Christmas party... Heartbreak for Hamish and Zoë Foster Blake as a beloved... Share this article Share The lengthy delay saw the beauty retailer temporarily banned from the Australian Stock Exchange, the Herald reported. Financial weaknesses spread across the company resulted in Go-To being valued worth $73million less than anticipated. Former beauty journalist Ms Foster-Blake has built a skincare empire promising 'no faux-science or bullsh**' A hydrating sunscreen sold by Go-To  That's $100million less than what Foster-Blake's brand was valued at in 2021 when it was first acquired. Foster-Blake, the former beauty journalist wife of comedian and radio presenter Hamish Blake, founded Go-To after reviewing 'bazillions' of products, her website says.  The brand follows promises 'no faux-science or bullsh**' products and claims to be 'uncomplicated skincare that actually works'. Advertisement data-track-module="am-external-links^external-links"> Read more: BWX slashes value of Zoe Foster Blake's brand as it posts $335m loss