The latest news
Analysis: as John Lewis mulls ownership tweak, why is it lagging rival M&S?
Not so many years ago, John Lewis was unstoppable while M&S was in an endless turnaround phase. Today, the situation has reversed and John Lewis is even reportedly thinking of changing its prized ownership structure.
John Lewis losses grow, launches bigger costs-savings drive
When a results release starts with a message to the staff talking about “another very tough year”, you know it’s not going to be good and so it was with John Lewis Partnership on Thursday.
John Lewis names non-exec Nish Kankiwala to new CEO role
It’s a big news week for John Lewis with its results due Thursday and a new concept store layout unveiled Tuesday. And Wednesday? Just the small matter of a new CEO.
Body Shop and Aesop owner Natura highlights sales progress, despite overall falls
The Brazilian beauty giant that owns The Body Shop, Aesop and Avon, talked of “a resilient performance” in Q4 with sales growth in constant currency. But sales still fell on a reported basis and it made a net loss.
Lush cuts ad spend with big tech, focuses on app and its stores
Beauty and personal care retailer Lush wants to slash its online ad spend with big tech firms, instead targeting smaller tech organisations and engaging open source solutions.
Boots cuts loyalty card benefits but adds more discounts
Boots has decided to change the way its loyalty card works. The UK health & beauty retail giant is to offer discounts on more of its own-brand products but reduce the monetary value of its Advantage Card scheme by 25%.
Sephora UK store is "threat to incumbents", but VFM will be key - analyst
With Sephora due to open its debut UK store on Wednesday, an analyst on Tuesday said the French beauty giant poses a threat to established market leaders, but must be seen as offering value in order to succeed.
LVMH rejigs beauty division, names Stephane Rinderknech CEO
LVMH on Monday named Stephane Rinderknech as chairman and CEO of its beauty division, rounding out a series of broader management changes at the owner of Guerlain and Parfums Christian Dior.
Big spenders drive West End recovery despite footfall lag
The West End of London is recovering fast at present, updated figures from the New West End Company (NWEC) showed on Wednesday, as high-spending tourists cancel out slower footfall.
Sephora's UK flagship to open next month with new design features
Sephora is preparing for a major assault on the UK market from next week as it prepares to open its first British store since it returned to the country via its webstore last autumn.
Unilever beauty ops perform well on price rises rather than volume growth
Unilever reported full-year 2022 results on Thursday with the consumer products giant saying it “carefully balanced price growth, volume and competitiveness to navigate through the high cost inflation environment”.
Unilever to build Mexico plant as part of $400 million investment
Unilever Plc will build a manufacturing plant in the northern Mexican border state Nuevo Leon as part of a $400 million investment in the country over the next three years, the company said on Tuesday.
Marco Marchi named president of Coin SpA
The founder of Liu Jo has been named president of Italian department store group Coin SpA. A former board member, Marchi succeeds Giorgio Rossi, who will stay on as a board member.
Hein Schumacher is new Unilever CEO
Global beauty and consumer products giant Unilever has announced its new CEO who’s set to take over from outgoing chief Alan Jope on 1 July. And his name? Step forward Hein Schumacher.
John Lewis beauty trends forecast takes in mushrooms, skin HIIT
John Lewis has launched a new Beauty & Wellness Moments report and has focused on a number of key beauty trends it sees as big for 2023.
P&G raises sales forecast on price hikes, sees volumes fall
Procter & Gamble Co raised its full-year sales forecast on Thursday and said it plans to continue raising prices despite a drop in sales volumes, warning that high commodity costs were pressuring profits.