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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Feb- 2022 -24 February
Lush to continue paying Covid-positive staff to self isolate
Lush has announced it will continue to financially support its retail employees in UK and Ireland customer-facing roles in a bid to encourage staff to self isolate when they test positive for Covid-19 for the foreseeable future. Additionally, the company is reportedly encouraging its retail staff who test positive to…
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24 February
CD&R rules out offer as Boots deadline hits
Walgreens Boots Alliance has reportedly set today (24 February) as the deadline to receive offers for the UK health and beauty chain Boots, according to Reuters. The outlet also revealed that private equity firm and new Morrisons owner CD&R has ruled itself out of the running amid the CMA’s ongoing…
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23 February
Boots to launch ‘affordable’ lateral flow tests
Boots is set to launch affordable Covid-19 lateral flow tests in its stores and online, following the government’s announcement to limit free Covid testing from 1 April. Customers will be able to purchase a pack of four lateral flow tests for £17, or one test for £5.99, from boots.com, with…
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9 February
Very expands beauty and self-care ranges by 94%
The Very Group has expanded its range of beauty and self-care brands on Very.co.uk by 94% since the start of the pandemic, as the online retailer reportedly sees growing demand for wellbeing products. Since January 2020, Very has added 77 new beauty and personal care brands, taking the category total…
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Jan- 2022 -18 January
Hut Group revenues hit ‘record’ £2.2bn in FY21
The Hut Group has seen its full-year revenues soar 91% on a two-year basis, with sales hitting a “record” £2.2bn following a year of investment into its infrastructure, technology and M&A. It comes as revenue in its golden quarter topped £712m, rising by 92% on a two-year basis, with particularly…
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13 January
Online demand helps drive Fragrance Shop Xmas sales up 38%
The Fragrance Shop has revealed it enjoyed a “bumper Christmas period” driven by its online performance helping sales surge 38% in the six weeks to 1 January 2022, compared with the same period in 2019. It said the “record sales performance” comes after some “key” fragrance launches which proved popular…
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12 January
Bain Capital and CVC eye Boots takeover bid
Buyout firms Bain Capital and CVC Capital Partners have reportedly joined forces in an attempt to launch a takeover bid for high street chemist Boots. According to Sky News, Bain and CVC are assembling a joint bid and are said to have hired advisers from Lazard to help put a…
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Dec- 2021 -6 December
Boots owner mulls £10bn sale of chain
Walgreens Boots Alliance (WBA) is reportedly in talks with Goldman Sachs to discuss the potential disposal of the UK chemist chain in a deal valued at “well over” £5bn, according to Sky News. City sources told Sky that the chain’s value could be between £10bn and £12bn, adding that it…
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Nov- 2021 -25 November
Revolution Beauty eyes US expansion despite losses widening
Revolution Beauty has revealed plans to expand its presence in the US market, despite seeing its H1 losses widen to £15.2m on the back of rising costs. The beauty retailer revealed the loss for the six month period ending 31 August came despite group revenues surging 39% to £78.6m. It…
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15 November
Consumers to spend £21bn this Christmas, says PwC
One in four consumers intend to spend more this festive season, with an average £428 spend per person up from £384 last year, according to PwC’s festive predictions research. It revealed the increase, which is seen across all age ranges and regions, means a total spend of £21bn on presents…
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