Clothing chain Next Plc has bought premium beauty and wellbeing retailer Fabled by fashion and beauty magazine Marie Claire from Ocado Group for a small upfront payment, the online grocer said on Wednesday.
The biggest beauty names are in a race to snap up the most dynamic brands globally and Anglo-Dutch consumer-products giant Unilever is one of the most active names, its latest big buy being J-Beauty brand Tatcha.
Victoria Beckham is planning a major launch of her sustainable beauty line in the fall, when she debuts her first independent makeup and skincare collection since leaving her Estée Lauder collaboration.
France accounts for over one quarter of the total sales of the top 100 luxury corporations worldwide according to Deloitte’s 2019 report, with 9 groups listed and LVMH, L'Oréal, Kering and Chanel in the top 10.
“Disappointing” was how Asos described its first half as pre-tax profits went into freefall (down 87%). While sales rose 14% for the six months to the end of February, the retail gross margin dropped 60bps.