| Rakesh Aggarwal | |
| Birth Name: | Rakesh Aggarwal |
| Birth Date: | 1975 8, df=y |
| Birth Place: | Cardiff, Wales |
| Nationality: | Welsh |
| Occupation: | Internet retailing |
| Website: | Escentual.com |
Rakesh Aggarwal (born 1975), is a Welsh businessman and founder of the internet cosmetics retailer Escentual.com.[1]
Aggarwal is the son of Raj K Aggarwal OBE DL (India's honorary consul in Wales),[2] and Mrs Usha Aggarwal. His father left Kenya in the 1960s to settle in the UK, and after training as a pharmacist, ran a chemists shop in Cardiff.[3] Aggarwal's grandfather was a businessman in Kenya.[4]
Aggarwal grew up in Cardiff and attended The Cathedral School, Llandaff before moving to Malvern College as a boarder. After A-levels at Malvern, he studied pharmacy at King's College London, but halted his studies in the second year and returned to Wales.[3] He then enrolled on Cardiff University's MBA course, graduating with a distinction in 1999.
In 2000, Aggarwal took an e-commerce course and then spent £5,000 on design before launching Escentual.com from his parents' garage.[5] Escentual.com took its first order in November 2000.[1]
In 2011, Escentual.com posted sales of more than £10million and won the Beauty, Perfume & Cosmetics category at the Online Retail Awards.[3] [6] By 2012, the business was being described as "the Amazon of online beauty" by Moneyweek.[1] At that point, Escentual.com employed 16 full-timers as well as part-time picking and packing staff.[1] According to Retail Gazette, the firm's turnover for 2014–2015 was £14m.[7] In the 12 months to March 2015, Escentual shipped 300,000 orders from over 200 brands.[7] As a result of its growth, Escentual.com moved to a bigger warehouse in Cardiff's Ocean Park.[8] The move, predicted to create 100 new jobs, was backed by the Welsh Government.[9] Economy Minister Edwina Hart said: "The significant number of jobs the company is creating illustrates the important role that entrepreneurs play in the economy ... I am pleased its growth plans will be taking place in Wales."[10]
Aggarwal has insisted that Wales, and Cardiff in particular, has been integral to the company's success. He told The Western Mail: "We find the environment here in Cardiff conducive to, and supportive of, business."[11] He has also credited social media with helping customers interact and keep abreast of developments with the company.[12] Alexandra "Binky" Felstead from the augmented reality TV show Made in Chelsea is a beauty ambassador and blogger on behalf of Escentual.com.
In 2015, in association with London Metropolitan University, Escentual.com commissioned research into the risks posed by out-of-date make-up.[13] Laboratory tests, on foundation, blusher, lipstick and lip gloss that had passed their sell-by date found that they contained dangerous levels of enterococcus faecalis – the bacteria responsible for meningitis and septicaemia. Researchers also found staphlyoccocus epidermidis, propionibacterium, and enterobacter, which causes urinary and respiratory tract infections. Speaking to The Daily Express, Aggarwal said: "This research has even surprised us and has shown that there is a serious health risk here."[14]
Other analytics, published by Escentual.com, were reported to show a rise in online sales whenever England were playing in European football matches, suggesting that – while their partners watched the games – women were opting to shop online instead.[4]
Aggarwal has said that his approach was inspired by his grandfather, who was a businessman in Kenya.[4] He told journalist Chloe Rigby: “The adage my grandfather used to tell me was: quality, service and satisfaction."[4]
In 2015, Aggarwal was elected a trustee of Cardiff University Students Union.[15] Aggarwal will serve a four-year term focusing on issues of governance, strategy and finance.[16] Aggarwal was elected vice chairman of the Cosmetic & Perfumery Retailers Association (COPRA) in April 2015.[17]