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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Jan- 2024 -3 January
UpCircle wins £250k Sky Zero Footprint Fund 2023
Skincare brand UpCircle has won Sky Zero Footprint Fund’s £250k prize in media value to spend on TV this year with its TV commercial ‘forward thinking skincare that keeps you coming back’. UpCircle was founded by siblings Anna and Will Brightman when they discovered that more than 500,000 tonnes of…
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3 January
The Body Shop first global beauty brand awarded 100% vegan certification
The Body Shop has revealed it has become the first global beauty brand retailer to achieve 100% vegan product formulations across all ranges including skincare, body care, haircare, makeup and fragrance. The entire product formulations portfolio has been certified by the Vegan Society. It comes as the retailer said the…
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Dec- 2023 -19 December
Revolution Beauty appoints North American chief
Revolution Beauty has announced the appointment of Erin Cast as president of North America. Based in New York, she will build upon the group’s foundations in the US and Canadian markets. Cast brings over 25 years of experience across sales, marketing, general management and board roles in beauty, food &…
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18 December
Lush expects to invest almost £11m in stores ahead of New Year
Lush has committed to a projected spend of £10.6m in its UK portfolio of shops ahead of the New Year to expand the number of locations, enable relocations and make improvements. This investment by the retailer marks an £8m increase on the company’s announced investment in FY23 for the UK.…
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18 December
Boots to launch AI ‘personal shopper’
Boots has plans to launch a ChatGPT ‘personal shopper’ tool for its website with the aim of boosting online sales, The Telegraph has reported. The news comes as the beauty and pharmacy retailer is reportedly testing an AI chatbot, which will be able to make recommendations for lipsticks and beauty…
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13 December
Boots owner eyes London IPO amid revived disposal plans
Boots’ US-based parent company, Walgreens Boots Alliance, is reportedly eyeing an initial public offering (IPO) on the London Stock Exchange as the group revives plans to offload the pharmacy chain, according to Bloomberg. The news comes after WBA abandoned Boots’ £5bn sale and its No7 beauty brand last year, having…
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13 December
Revolution Beauty reaches settlement with co-founder amid CFO exit
Revolution Beauty has announced that it has reached a settlement with Tom Allsworth, the former executive chairman and co-founder of the company. The retailer has agreed to pay Allsworth an ex gratia payment of £270,000 net, £490,000 when grossed up for taxes. This is in respect of certain historical legal…
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7 December
Kelso ramps up THG break-up campaign
Activist THG shareholder Kelso has reportedly ramped up its campaign for THG to confirm its plans to diverge the three arms of its business, according to The Times. Kelso has written to THG’s board of directors to request a stock market statement containing the proposals relating to the de-merging of…
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4 December
Superdrug opens new store in Brent Cross Shopping Centre
Superdrug has opened a new 6,000 sq ft store in Brent Cross Shopping Centre today (4 December), creating 45 new jobs. The new store, which is one of the retailer’s largest within the M25, will offer customers access to the latest health and beauty products, everyday toiletries, beauty treatments and…
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Nov- 2023 -24 November
Boots secures £4.8bn full buy-in with Legal and General for pension scheme
Boots has announced that Legal and General Group has agreed a £4.8bn full buy-in with the Boots Pension Scheme. According to the deal, liabilities for its pension scheme will be switched to the insurance firm. The buy-in secures the benefits of all 53,000 retirees and deferred members of the scheme,…
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