The latest news
Henkel plans to continue with acquisitions
German consumer goods company Henkel is sticking to its goal in terms of acquisitions despite raising interest rates, the company's CEO Carsten Knobel told the German newspaper Rheinische Post on Saturday.
Revolution beauty narrows losses as sales rise in H1
It's only a few days since the last set of Revolution Beauty results were released, but they were the delayed figures for FY22. On Friday, it almost got back on track with its results for H1 of FY23.
Freemans enters beauty box market as beauty sales surge
Digital department store Freemans has released its first-ever Beauty Box as it aims to make the most of massive growth in the beauty category overall.
Jennifer Aniston's haircare brand LolaVie enters Ulta Beauty
As part of the partnership, the full range of LolaVie products are now available in all Ulta Beauty locations and on Ulta.com.
L'Occitane exceeds the €2 billion mark for its 2022/23 financial year
For its 2022/23 financial year ending March 31, the cosmetics group L'Occitane recorded a turnover of 2.13 billion euros, up 17.9%. This growth was driven by the acquisition of Sol de Janeiro.
Body Shop owner Natura's Q1 is loss-making but it hails stronger performance
The Body Shop’s owner Natura &Co has reported what it called a “resilient performance” for Q1, with sales growth in constant currency and an improvement in profit margins. It was still loss-making, however.
Superdrug celebrates National Beauty Banks charity milestone
Health & beauty retail giant Superdrug is celebrating a charity beauty milestone. It’s now five years since the first 'National Beauty Banks’ bins were installed in its stores.
Beauty ops do well for Unilever in Q1 but most sales growth driven by price rises
Consumer products giant Unilever has reported results for the first quarter and said that underlying sales growth (USG) “accelerated to 10.5%, driven by progress against strategic priorities”.
Sephora UK store launch has been big success says chief
Sephora’s physical retail return to the UK looks to have been an inspired move. The recently opened store at Westfield London is performing more than 300% better than was predicted.
Warpaint London has stellar year, expands in UK, Europe and US
Beauty specialist Warpaint London reported 2022 results on Wednesday and talked of “record sales and significant profitability” reflecting a strong full-year performance. It also highlighted a “positive start to 2023”.
Henkel expects net financial loss from sale of Russia business
Henkel on Friday said it expects to see a net financial loss in the deal to sell its Russian business.
THG shares continue rollercoaster ride after disappointing results
THG shares can’t seem to stay on an even keel. No sooner did they rise 40% Monday after news of a takeover approach for the company than they fell almost 20% Tuesday on investor disappointment in the company's results.
Superdrug announces raft of store openings this year
Big expansion plans for Superdrug this year. The UK health & beauty retailer is investing in 25 new stores, expanding its bricks-and-mortar retail footprint while creating over 570 jobs nationwide.
THG revenue and profit affected by focus on holding down prices
Just a day after headlines about a surging share price linked to a bid approach for the company, THG was back in the news on Tuesday as it released a trading update and its full-year preliminary results.
THG's share price surges after Apollo bid approach
Shares in under-pressure UK online beauty e-tailer and e-commerce services provider THG leapt 40% at one point on Monday on news of an early-stage takeover approach from US private equity firm Apollo Global Management.
Hou Juncheng on building Proya, China’s response to L’Oréal
Hou Juncheng has a dream, and it ain’t modest. He wants to own the biggest cosmetics company in China – and he’s already off to an extremely fast start. Over dinner in Paris, he reveals his next moves.