Health & Beauty
Health & Beauty covers the business developments, brand strategies, and consumer trends shaping the UK’s personal care, cosmetics, and wellness retail sectors. This section reports on product innovation, sustainability initiatives, partnerships, and market performance across high street, pharmacy, and online retailers. Retail Sector’s Health & Beauty coverage provides analysis and insight for retail professionals and suppliers, exploring how evolving lifestyles, regulation, and consumer priorities are influencing growth and competition in this dynamic category.
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Apr- 2024 -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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4 April
Kiko Milano to open new store in Angel Central
Italian cosmetics brand Kiko Milano is set to open a new store in Islington’s retail destination Angel Central as part of the brand’s expansion plans across the UK. Kiko Milano will open an 818 sq ft unit at Angel Central later this month, adjacent to brands such as Rituals and…
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Mar- 2024 -28 March
The Perfume Shop appoints two new directors amid Gender Pay Gap report
The Perfume Shop has strengthened its leadership team with the appointment of two female directors, Karen Harris and Laura Wilkinson. Harris, who was previously head of marketing, will take up a new position of customer director and be responsible for all areas of Customer, Loyalty, Marketing and PR. Wilkinson, previously…
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27 March
Elemis to open first London store in Covent Garden
Beauty retailer Elemis has chosen Covent Garden’s Seven Dials for its first standalone store in London. Set to Monmouth Street, the premium skincare brand will open a 1,000 sq ft unit and will feature its formulated range of skincare, grounded in aromatherapy and backed by clinical trials. Launching in Spring,…
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27 March
Revolution Beauty ups profit guidance amid revival plan
Revolution Beauty has announced that it expects its full-year adjusted EBITDA to hit £12.5m higher than its previous guidance of between £11m-£12m. Alongside this, the company stated it expects revenue growth of approximately 2%, in line with its expectation of low single digit growth. This news comes as the company…
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26 March
Holland & Barrett names new UK&I CEO amid leadership shake up
Holland & Barrett, the health and wellness business, has announced the appointment of Anthony Houghton as its new CEO of UK&I. The appointment comes as the retailer also announced changes to its structure to help further accelerate its growth and transformation strategy including the creation of three new divisions. Also…
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22 March
Superdrug freezes prices on all cosmetics
Health and beauty retailer Superdrug has recently announced a price freeze across thousands of makeup products as part of the business’s ongoing commitment to support shoppers through the rising cost of living. Starting this week cosmetics such as Rimmel, E.L.F, Maybelline and Own-Brand Studio London will remain the same price…
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20 March
Holland and Barrett to increase hourly staff pay to £12
Holland and Barrett is set to increase its hourly pay by 9% to £12, almost 5% above the National Living Wage, from April. The retailer’s London-based employees will receive a further increase to £13 an hour. The new upcoming pay rates will mean that in the past two years alone,…
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