Health & Beauty
The latest news, updates and analysis on the health and beauty segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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May- 2024 -16 May
Superdrug to open 25 new stores
Superdrug has announced an investment into its bricks-and-mortar retail footprint, with plans to open 25 new stores in 2024, as it celebrates its 60th year on the British high street. The retailer said it is aiming to continue to “enhance the physical shopping experience for customers with increasing bigger and…
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16 May
Natura & Co mulls Avon separation amid widened losses
Natura and Co has confirmed it is still exploring a “potential separation” of Avon after its losses widened in the first quarter of trading. Over the period, its net loss widened by 43.3% to BRL934.9m (£143.6m), up from a loss of BRL652m (£100m) the prior year. It comes as sales fell…
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14 May
Boots owner steps up talks with potential buyers for chain
Walgreens Boots Alliance (WBA), the owner of Boots, has reportedly stepped up efforts to secure a potential buyer for the high street chain. According to Bloomberg, the US company is now working with advisers to hold early discussions with potential bidders. Sources added that no formal sale process for the…
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Apr- 2024 -29 April
L Catterton acquires majority stake in Kiko Milano
Global consumer-focused investment firm L Catterton has announced that it has entered a definitive agreement to acquire a majority stake in the Italian beauty brand Kiko Milano from the founding Percassi family, who will retain a significant stake in the company. Founded in Bergamo, Italy in 1997 by Antonio and…
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23 April
THG sales rise 4.5% in Q1 amid ‘standout’ beauty performance
THG has seen overall sales “continue to strengthen” in its first quarter, as group revenues rose by 4.5% to £455m, with progression made in each of the last five consecutive quarters.Its group sales were largely boosted by a “standout performance” in THG Beauty, where sales soared by 11.1% to £267.6m…
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19 April
Holland and Barrett invests over £4m in women’s health
Holland and Barrett has announced it will be investing over £4m into its women’s health offer, which will be backed by a new three-year Wellness Commitment. This follows YouGov research from Holland and Barrett which revealed that over a third of women said there is a lack of education or…
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16 April
Bath and Body Works opens first London store in Westfield
US retailer Bath and Body Works opened its first London location in Westfield this April, following the success of its opening in Manchester. In partnership with Next, the new Westfield store features almost 2,000 sq ft of sales floor space with “a new immersive shopping experience”. As part of the…
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15 April
The Body Shop to cut tax bill if it exits administration
Administrators for The Body Shop have been working on a deal to cut the firm’s tax bill should it emerge out of administration, according to reports from The Times. The deal would allow the company to retain £66m worth of tax benefits it had before it fell into insolvency. Creditors…
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10 April
THG losses narrow as boss hails improved Q4 revenues
LookFantastic and MyProtein owner, THG, has reported that its losses before tax have narrowed to £252m during the year ending 31 December 2023 from £549.7m in the year prior. The news comes despite total group revenues falling 8.4% after the group’s decision to “discontinue loss-making categories”. In addition, the group’s…
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9 April
Charlotte Tilbury owner eyes €2.5bn IPO
Spanish beauty group, Puig, which owns brands including Charlotte Tilbury, has announced its intention to raise more than €2.5bn (£2.1bn) through an initial public offering of its class B shares to qualified investors. The 110-year old company is looking to apply for admission of the shares to listing on the…
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