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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Aug- 2021 -4 August
THG to acquire Cult Beauty for £275m
THG has announced it has agreed to acquire Cult Beauty, the UK based online beauty retailer, for a total consideration of £275m. Cult Beauty is the authorised online retailer of over 300 third party brands across skincare, haircare and cosmetics, including Charlotte Tilbury, Drunk Elephant and Huda Beauty. Currently less…
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Jul- 2021 -22 July
Unilever welcomes rising sales in H1
Unilever has reported an underlying sales growth (USG) of 5.4% year-on-year during the first half of FY21. The growth was supported by a 1.3% rise in underlying price growth and a 4% jump in underlying volume growth, when compared to H1 FY20. Despite the consumer goods company’s climbing USG, group…
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19 July
Sephora agrees £132m Feelunique takeover deal
French cosmetics group Sephora has reportedly agreed a takeover deal with Jersey-based beauty retailer Feelunique for £132m. According to ITV News, the deal will include Feel Unique’s online arm as well as its three Channel Islands stores. The deal marks an expansion into the UK by the LVMH owned cosmetics…
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13 July
Superdrug revenues tumble 15% in FY20
Superdrug saw its group revenues decline 15% year-on-year to £1.11bn in FY20, despite being classed as an “essential retailer”. Profit before tax at the health and beauty retailer also plummeted 79% year-on-year to £18.8m for the 52 weeks ended 26 December 2020. During the period, the company benefited from £14.2m…
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Jun- 2021 -29 June
Boots UK launches online doctor services
Boots UK has launched an online doctor services for 45 healthcare conditions ranging from skin conditions, sexual health and family planning, weight loss support, diabetes testing and menopause treatments. The company said its online services can provide customers with “quick access” to advice and prescription-only medicine without having to see…
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29 June
Revolution Beauty announces AIM float intentions
Revolutionary Beauty Group has announced its intention to trade on AIM in a float expected to take place in July 2021. The beauty products retailer said that the proposed admission will consist of newly issued shares alongside existing shares held by the company’s current shareholders. Jupiter Asset Management has already…
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May- 2021 -19 May
Asos eyes Feelunique and Cult Beauty takeovers
Asos is reportedly eyeing a potential takeover of two major online beauty platforms in a bid to further expand into diversified markets. According to Sky News, the online retail giant is considering the move after Feelunique and Cult Beauty were put on the market by their present owners. Sources told…
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Apr- 2021 -30 April
Unilever Q1 sales rise 5.7%
Unilever has announced that its underlying sales growth (USG) represented a 5.7% year-on-year rise for the first quarter of FY21. However, turnover for the first quarter of FY21 was £10.7bn, a 0.9% year-on-year decrease due to a negative currency related impact of 8%. The spike in sales was underpinned by…
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22 April
Walgreens Boots Alliance launches No7 Beauty Company
Walgreens Boots Alliance (WBA) has announced the launch of No7 Beauty Company, a consumer-led beauty business. The new business launches with brands such as No7, Liz Earle Beauty Company, Botanics, Soap and Glory, Sleek MakeUP, and YourGoodSkin. The new company will develop products through sustainable sourcing practices and pledges to…
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15 April
The Carlyle Group acquires majority stake in Beautycounter
The Carlyle Group has announced that it has acquired a majority stake in Beautycounter in a transaction that values the company at $1bn (£725m). The partnership will allow Beautycounter to accelerate its strategic initiatives, including increasing brand awareness as well as bolstering the company’s omni-channel business model. Gregg Renfrew, founder…
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