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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Dec- 2022 -6 December
Sephora appoints new UK managing director
Sephora has announced the appointment of Sarah Boyd as its new managing director for the UK business. She is due to start her role on 2 January 2023, reporting to Sylvie Moreau, the president of Sephora Europe and Middle East. The news of her appointment follows the French beauty retailer’s…
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Nov- 2022 -28 November
Revolution beauty announces new CEO
Multi-channel beauty company Revolution beauty has announced Bob Holt OBE as its new CEO. Holt has been interim CEO at the company since 14 October 2022 and has now officially taken the position full time effective immediately. He has more than 30 years of experience in senior leadership positions having…
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10 November
Revolution Beauty CEO resigns amid audit investigation
Revolution Beauty has announced that CEO Adam Minto has resigned as a director and stepped down from the business “with immediate effect” amid an ongoing accounting probe. Last month, Minto stepped away from the day-to-day management of the business as an independent investigation was carried out by Forensic Risk Alliance…
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Oct- 2022 -27 October
Fragrance Group sales and profits boosted by omnichannel strategy
The Fragrance Shop has reported increased annual sales and profits as it bounced back from the impact of the pandemic and “reaped the benefits” of investment in its omnichannel strategy. During the 53 weeks to 2 April 2022 it saw total turnover rise 42.5%to £156.83m and profits measured by EBITDA…
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25 October
Superdrug xmas sales surge 219%
Superdrug has reported a 219% year-on-year rise in Christmas gift sales as shoppers have started to stock up early. Looking ahead, Superdrug expects that money-saving beauty bundles will feature “heavily” amongst the retailers’ bestsellers as consumers seek value amidst the rising cost of living. Beauty tools and brush kits, as…
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24 October
Boots to recruit 10,000 workers over Christmas
Boots has announced a recruitment dive for over 10,000 seasonal roles in its stores, warehouses and operations in a bid to support demand for the festive period. The roles will be available across retail, warehousing and operations to cater to all job-seekers looking for work in the run up to…
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18 October
SoftBank offloads THG stake to founder Matt Moulding
Tokyo-based investment management company, Softbank Group, has reportedly offloaded its entire stake in the UK ecommerce company THG, after its co-founder and chief executive, Matt Moulding, agreed to buy the remaining 12.8m shares. The news follows Softbank’s decision to liquidate its internal hedge fund after the company bought an 8%…
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14 October
Boots sales surpass pre-pandemic levels in FY22
Boots has seen retail sales exceed pre-pandemic levels as it delivered strong growth for Q4 and the full year ending 31 August 2022. The group said its performance “significantly” contributed to a 65% increase in full year adjusted operating income for WBA International. Its sales results in the period were…
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10 October
Sephora to make UK return
Cosmetic retailer Sephora is set to return to the United Kingdom. The retailer is first launching online on 17 October, with its flagship store in London set to open its doors in Spring 2023. The news comes after the brand acquired online cosmetic store, Feelunique, around a year ago. As…
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Sep- 2022 -23 September
Revolution Beauty to undergo investigation into audit failures
Revolution Beauty has said it will undergo an audit investigation after its failure to complete its auditing quickly enough, as it warns over its full-year profits. The multi-channel mass beauty brand provider previously announced on 2 August that the company will now report its final results for the year ended…
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