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.
-
Jun- 2023 -28 June
Boohoo airs ‘serious concerns’ over Revolution Beauty board changes
Boohoo has raised “serious concerns” about the conduct of the Revolution Beauty board after the company fired and rehired its directors at its AGM. Revolution chief executive Bob Holt, finance boss Elizabeth Lake, and chairman Derek Zissman were all voted out of their positions with a nearly 75% majority for…
Read More » -
23 June
Revolution Beauty sales jump 60% in Q1
Revolution Beauty saw a 60% increase in sales within the first three months of FY23, as gross margins were 48.2% in the period compared with 41.7% in the same period last year. Meanwhile, the group’s EBITDA remained at a constant currency level of £3.5m. Bob Holt, CEO of Revolution Beauty,…
Read More » -
22 June
Lloyds Pharmacy continues offloading stores as CEO departs
Lloyds Pharmacy parent company Hallo Healthcare has sold 32 Masta stores, its private travel clinic, to Irish firm Nomad Travel last week as part of its continued drive to offload assets. It has also been revealed in Companies House listings that Lloyds CEO Ken Birch stepped down from his role…
Read More » -
22 June
Former THG boss joins Boohoo’s boardroom coup at Revolution Beauty
Boohoo has furthered its attempted boardroom coup at Revolution Beauty with the announcement that former THG boss, Rachel Horsefield, will now be part of a future independent board appointment process. Horsefield most recently worked as the CEO of Beauty at THG, and according to Boohoo, will bring significant e-commerce and…
Read More » -
21 June
THG expects increased H1 profits following strong Q2
THG has welcomed a “strong” second quarter of trading that is set to increase its first half profitability, with adjusted EBITDA for the half-year now expected to be between £44m and £47m, compared with £32.3m in the same period last year. As a result, the group’s guidance for the financial…
Read More » -
13 June
Lloyds pharmacy shuts all 237 Sainsbury branches
LloydsPharmacy has confirmed that all its stores located in Sainsbury’s stores will cease to exist from today (13 June 2023). The closures, which were previously agreed, were supposed to be phased out over the year, however, the date has been brought forward and branches are closing sooner than expected. The…
Read More » -
6 June
Image Skincare appoints new CEO
Image Skincare has appointed Sennen Pamich, former president of Wella Company Americas, as CEO, effective May 2023. Pamich brings more than 30 years of experience in the consumer packaged and luxury goods industries to Image, as well as a long track record of success scaling private-equity-backed and omni-channel businesses. Prior…
Read More » -
5 June
L’Oreal invests in biotech company Debut
L’Oreal has made a minority investment in US-based biotech company Debut in a bid to scale its manufacturing platform and meet demands for the use of breakthrough ingredients in cosmetics and skincare, The Retail Bulletin has reported. The news comes as the two companies already have existing joint development programmes. …
Read More » -
May- 2023 -17 May
Nirvana Brands acquires Lovely Distribution Company
Nirvana Brands Limited, a distributor of luxury beauty products, has announced the acquisition of Lovely Distribution Company, the owner and distributor of luxury fragrance products. The firm said the acquisition will expand Nirvana Brands’ product line and provide greater opportunities for growth in the luxury beauty industry. The company added…
Read More » -
15 May
Beauty Pie appoints new CEO
Skincare and make-up retailer Beauty Pie has announced the appointment of Kevin Cornils to the role of CEO ahead of its next phase of growth. The appointment comes as the brand, which is on a mission to build “the world’s biggest luxury buyer’s club”, is ninth on the UK’s growth…
Read More »
