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.
Hair salons among businesses most likely to close, but beauty salons are opening - report
UK hairdressing salons were high up the list of small independent business closures last year, hit the hardest by rising energy bills and falling consumer spending, according to a report by the Local Data Company.
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.
Henkel to lose momentum in 2023 after jump in sales
Germany's Henkel said on Tuesday that it expects slower industrial and consumer demand to curtail sales growth this year after price increases helped organic sales to jump 8.8% in 2022.
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.
Garnier Nutrisse taps Drew Barrymore as brand ambassador
The move is a continuation of Barrymore’s longstanding relationship with the cosmetics company.
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.
EDF signs deals to help L'Oreal reach carbon neutrality targets by 2025
French power giant EDF said on Tuesday it signed two new electricity contracts with L'Oreal to help the France-based cosmetics maker achieve carbon neutrality for all its sites by 2025.
Lush names Swithenbank to lead UK/Ireland retail performance
Lush has a new ‘Lead Retailer’ for its UK & Ireland operations to oversee store performance. Long-time employee Kasey Swithenbank has been promoted to the post having joined the beauty brand in 2010 as a sales associate.
Unilever sells Suave North America to Yellow Wood Partners
Unilever announced on Tuesday the sale of its beauty and personal care brand Suave in North America to Yellow Wood Partners LLC. Financial terms of the agreement were not disclosed.
Braun and SS Daley LFW collaboration explores grooming, fashion, culture
British luxury menswear brand SS Daley and grooming products maker Braun have teamed up for a London Fashion Week collab. The “innovative” partnership explores the relationship between grooming, fashion and culture.
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”.