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- 2023 -11 May
Lush unveils new Green Hub in Poole
Handmade cosmetics company Lush has announced the competition of its new Green Hub near its headquarters in Poole, Dorset. While Lush has operated a Green Hub facility since 2015, the new opening follows a £2.4m investment in relocating and refitting a new 40,000 sq ft location on the Fleets Corner…
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10 May
Natura and Co Q1 profits up 2.4% to BRL5.4bn
Natura and Co has reported that its gross profits were up 2.8% to BRazilian Real (BRL) 5.4bn (£858m) in Q1 2023, compared with BRL5.2bn (£835m) it reported in the first quarter of 2022. Its adjusted EBITDA was also increased 41.3% to BRL841m (£133m). The brands Q1-23 consolidated net revenue was…
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4 May
L’Occitane sales jump 17% to €2.1bn
Beauty retail group L’Occitane has revealed its net sales jumped 17% to €2.13bn (£ 1.85bn) in the 12 month period ended 31 March 2023. The group’s sales performance in the three months ended 31 March 2023 (“FY23 Q4”) improved from that of the three months ended 31 December 2022 (“FY23…
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4 May
Mothercare enters refinancing talks ahead of FY results
Mothercare has kicked off refinancing talks with its lender in a bid to renegotiate or refinance its debt facility amid rising interest rates, whilst welcoming “resilient” trading over the last year. The group expects to report adjusted EBITDA of £6.5m to £7m for FY23, which would be ahead of analysts’…
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2 May
Apollo drafts in former retail CEOs to help with THG offer
Apollo Global Management has reportedly drafted in former Coty and Holland and Barrett CEOs, Camillo Pane and Tony Buffin, to help advise on its offer for THG. According to Sky News, it is unclear if either would have an ongoing role with the business if any offer were to be…
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Apr- 2023 -28 April
L’Occitane Group unveils its net-zero roadmap
The L’Occitane Group has unveiled a new net-zero roadmap as part of its commitment to reach a science-based net-zero target across all of its brands. The group said it aims to reduce its greenhouse gas (GHG) emissions by 2031 and achieve net-zero emissions by 2050, with its targets validated by…
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20 April
Lush raises staff pay in line with Living Wage Foundation
Lush Cosmetics has increased wages for staff in the UK this month as an accredited Living Wage Foundation employer. The real living wage, according to the foundation and based on the true cost of living, is £10.90 per hour in the UK, and £11.95 per hour in London for all…
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18 April
Well Pharmacy acquires Lexon wholesaler
Bestway Group subsidiary Well Pharmacy has announced the acquisition of Lexon UK Holdings and Asurex Limited, pharmaceutical wholesalers for an undisclosed sum. Lexon is a family-owned business which has been in operation for over 25 years. It operates “primarily” as a pharmaceutical wholesaler serving 3,000 retail pharmacy customers across the…
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18 April
Superdrug to invest in 25 new stores
Health and beauty retailer, Superdrug, has announced plans to invest in 25 new stores this year, expanding its bricks-and-mortar retail footprint. It said the venture is expected to create over 570 jobs nationwide, creating a “seamless customer experience” and provide support for high streets and local communities. The investment is…
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13 April
Holland and Barrett eyes move for Planet Organic
Health foods chain Holland and Barrett is reportedly weighing up a last minute rescue deal for Planet Organic, according to reports from Sky News. Reports suggest that Holland and Barrett, which already has a supplier relationship with the company, is one of a number of suitors who are interested in…
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