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Wellness

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Cult Beauty sales surge as it gains new customers in UK, Europe

Cult Beauty sales surge as it gains new customers in UK, Europe

​Beauty e-tailer Cult Beauty has filed its full-year results for the 12 months to May 31 2020 and they show that it enjoyed what it called “another great year”, despite the pandemic affecting over two months in the year.
Beauty
Natura's Fable vehicle invests in Perfumer H

Natura's Fable vehicle invests in Perfumer H

​Body Shop owner Natura &Co has unveiled Fable Investments, a investment vehicle set up to support beauty, health and wellness companies. And its first investment is in Britain's Perfumer H.
Beauty
Goop closes London boutique

Goop closes London boutique

​Gwyneth Paltrow’s standalone Goop store in London’s Notting Hill has closed for good. The UK webstore remains open, however.
Beauty
Ulta swings to profit, beats expectations with top and bottom lines

Ulta swings to profit, beats expectations with top and bottom lines

Ulta announced Q1 net income of $230.3 million, or $4.10 per diluted share, on Thursday, surging out of the loss reported by the company in the prior-year period and soaring over analysts’ estimates of $1.99 per share.
Beauty
L Brands appoints J.K. Symancyk to board of directors

L Brands appoints J.K. Symancyk to board of directors

L Brands announced on Friday the appointment of J.K. Symancyk as an independent member of its board of directors. 
Fashion
Body Shop, Avon and Aesop all perform for Natura in Q1

Body Shop, Avon and Aesop all perform for Natura in Q1

​Natura & Co, the Brazil-based owner of The Body Shop, Avon and Aesop, said it saw another quarter of double-digit revenue growth in Q1, easily beating the wider global Cosmetics, Fragrance, and Toiletries market.
Beauty
John Lewis opens revamped Edinburgh store

John Lewis opens revamped Edinburgh store

​John Lewis unveils its revamped Edinburgh store on Friday after a major refurbishment. The focus is on making the store a must-visit destination, with experiences and expertise that can’t be replicated online.
Fashion
UK's THG to raise $1 billion, acquires Bentley Laboratories

UK's THG to raise $1 billion, acquires Bentley Laboratories

THG Plc is raising $1 billion in fresh capital, including about $730 million from a unit of SoftBank Group, and the remainder from other investors, the UK-based consumer brands company said on Monday.
Beauty
Body Shop owner Natura is latest to link financing to ethics

Body Shop owner Natura is latest to link financing to ethics

Brazil’s Natura, the owner of The Body Shop, Aesop, and Avon brands, has become the latest company to raise funds that are conditional on the business reaching certain ethical/eco goals.
Beauty
Prestige beauty strong for Unilever in Q1, new Elida unit performing well

Prestige beauty strong for Unilever in Q1, new Elida unit performing well

Global home products giant Unilever said Thursday it delivered "strong growth” in its Prestige Beauty segment as all its divisions produced positive revenue gains in the first quarter.
Beauty
Fashion and beauty e-commerce orders fall as retail reopens

Fashion and beauty e-commerce orders fall as retail reopens

​It may come as no surprise, but online retail orders in the UK have fallen as a result of the reopening of non-essential stores in England and Wales.
Fashion
The Hut Group to boost acquisitions budget as beauty opportunities abound

The Hut Group to boost acquisitions budget as beauty opportunities abound

​The Hut Group plans to spend even more on making acquisitions in the future having set a new target of around £250 million a year for buying businesses, it said this week.
Fashion
The Hut Group revenues soar but one-off costs mean it's loss-making

The Hut Group revenues soar but one-off costs mean it's loss-making

​The Hut Group (THG) swung to an operating loss in its 2020 financial year as one-off items drove it into the red. However, the company’s revenues surged during the period as all divisions outperformed.
Fashion
Henkel sees first-quarter organic sales up 7%, above market view

Henkel sees first-quarter organic sales up 7%, above market view

Henkel, the German chemicals and consumer goods group, said on Wednesday it expected first-quarter sales to significantly exceed market expectations with organic growth of around 7%.
Beauty
Loli Beauty launches at Ulta

Loli Beauty launches at Ulta

Previously only available direct-to-consumer, the zero-waste, cruelty-free beauty brand has chosen to make its retail debut with the U.S.’s largest cosmetics seller.
Beauty
Leslie Wexner to step down from L Brands board

Leslie Wexner to step down from L Brands board

The Columbus, Ohio-based owner of Victoria’s Secret announced on Thursday that founder, former CEO and chairman emeritus Leslie Wexner will not be standing for re-election to its board in May.
Fashion