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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Sep- 2023 -18 September
Waterstones owner tables Body Shop bid
The owner of Waterstones, Elliott Advisors, has reportedly joined a list of bidders looking to acquire The Body Shop after it was put up for sale by its owner. According to Sky News, the investment firm tabled an indicative bid for the cosmetic chain in recent weeks. However, Sky said…
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14 September
THG guidance remains unchanged despite losses widening
THG Group has reiterated that its adjusted EBITDA guidance for FY23 remains unchanged, despite its disposal of loss-making assets widening its operating loss to £99.5m in H1, down from a loss of £89.2m last year. The disposal of loss-making categories and non-core assets, which included its OnDemand business, cost the…
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11 September
Dyaco UK and Sweatband.com announce merger
Dyaco UK, a supplier and manufacturer of premium commercial gym equipment in the UK and Ireland, has announced a strategic merger with Sweatband.com, another UK-based supplier of sports and fitness products. By merging with Sweatband, Dyaco will become the only company in the country that can supply the entire fitness…
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7 September
Holland and Barrett relaunches its entire food range
Holland and Barrett has relaunched its entire food range with the first 500 products launching throughout September marking the start of the “biggest transformation of its food category in a decade”. The news comes after the retailer has been investing in its store estate, opening 19 stores and refitting 16…
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1 September
L’Occitane receives B Corp certification
L’Occitane has announced that it is now a certified B Corporation retailer, following two years of evaluating its impact on all its stakeholders – including employees, the wider community, suppliers, customers and shareholders, as well as environment. With this certification, the group joins a global community of businesses that share…
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1 September
Revolution Beauty names new CEO as FY losses narrow
Revolution Beauty has reported that its pre-tax losses have narrowed to £33.9m for the year ended 28 February 2023, as it also revealed the appointment of a new CEO. This marked a 12% decrease in losses compared with the £45.9m loss it posted in the same period last year. Over…
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Aug- 2023 -29 August
John Lewis Partnership reduces price of period pants
John Lewis and Waitrose have become the latest retailers to back an industry-wide campaign to reduce the price of period knickers by absorbing the 20% VAT charge for its customers to make period products more affordable. While the tampon tax, which taxed sanitary towels and tampons, was abolished in 2021,…
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22 August
Superdrug calls for apprenticeship levy reform amid new campaign
The boss of Superdrug has called for a reform of the government’s apprenticeship levy, claiming it would help promote social mobility and support the economy, according to The Times. CEO Peter Macnab called for an overhaul of the apprenticeship levy funding system so that “valuable funds are no longer wasted”.…
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15 August
L’Occitane owner considers taking group private
The owner of L’Occitane is considering taking the business private in a move that has seen shares in the cosmetics groups rise sharply. Reinold Geiger, who already controls over 70% of the group, is said to be “contemplating a possible transaction” that could see him take the group private, according…
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Jul- 2023 -31 July
Superdrug to open tenth Irish store in Dublin
Superdrug will be opening its tenth store in Ireland this Thursday 3 August in Dundrum Town Centre. The new 3,760 sq ft store, which will offer customers health and beauty products, everyday toiletries, beauty treatments and luxury fragrances, will also bring 40 new job opportunities to the area. In addition,…
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