Consumer goods giant Unilever said simplifying its parent company structure from two UK and Dutch legal entities into a single holding company would conclude in December, when shares in the new firm would start trading.
A recent study conducted by Mintel has found that striking makeup styles are growing in popularity, challenging the dominance of more natural looks as social media pushes shifting trends and attitudes.
On Monday, Debenhams unveiled two major beauty initiatives as part of its aim “to strengthen its position as a leader in premium beauty,” But most media focused on news that it has brought in restructuring advisors KPMG.
The beauty retailer reported strong income and revenue growth in the second quarter and first half of fiscal 2018 on Thursday, with e-commerce leading sales increases across skincare, fragrance and mass cosmetics.
The warmer weather sweeping across the UK in June and July was to blame for a 9% decline in prestige makeup sales, as consumers stayed away from heavy makeup looks and adopted a more natural beauty approach instead.