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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Apr- 2021 -1 April
Boots UK sees Q2 profits fall 9.2% as sales drop by almost a fifth
Boots UK has revealed that gross profits decreased 9.2% for the second fiscal quarter ended 28 February reflecting lower retail sales and pharmacy volumes. Comparable retail sales for the pharmacy chain’s UK division also saw a decrease of 17.9% as the group continued to be impacted by lower footfall due…
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Mar- 2021 -18 March
Superdrug launches Missguided beauty collection
Superdrug has announced the launch of a Missguided beauty range at its stores across the UK. Debuting this week, the range offers 27 trending beauty products at the exclusive bricks and mortar stockist. The collection represents a further expansion into the beauty industry for Superdrug, whose portfolio of brands already…
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Feb- 2021 -26 February
Boots to axe 300 jobs in Nottingham head office
Boots has confirmed its plans to get rid of 300 jobs in its Nottinghamshire head office, citing the pandemic as a major factor in its decision. The health and beauty retailer’s head office, based in Beeston, is set to lose 10% of its workforce with various position levels expected to…
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18 February
US owners look to sell Lloyds Pharmacy
McKesson, Lloyds Pharmacy’s US-based owner, has reportedly hired bankers to explore the sale of its British operations. According to Sky News, the New York-listed group is working alongside Barclays to secure a sale of the high street drug retail and wholesale group among concerns of the industry’s financial viability. Operating…
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2 February
THG completes £250m Dermstore deal
Online health and beauty retailer, The Hut Group (THG) has completed the acquisition of Dermstore, a US-based skincare and beauty ecommerce company, for £251m. Established in 1999, Dermstore provides “professional grade skincare” throughout the US, and has reportedly been targeted by Matthew Moulding, executive chairman and CEO at the company,…
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Jan- 2021 -27 January
Estée Lauder Companies supply chain VP to step down
The Estée Lauder Companies (ELC) has announced that after nearly 13 years with the company, Gregory F. Polcer, executive VP, global supply chain, has made the decision to retire, effective from 1 July , 2021. Roberto Canevari will succeed his predecessor and will assume the role with effect 1 May,…
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25 January
Coty appoints new chief procurement officer
Coty has announced the appointment of Stéphane Delbos as its new chief procurement officer. Delbos, who joined the beauty company in 2010 as its global sourcing director, has been promoted from the position of SVP for transformation, indirect and procurement operations. He will join Coty’s senior leadership team, effective 1…
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7 January
Boots owner agrees £4.8bn sale of Alliance Healthcare
AmerisourceBergen Corporation has announced the acquisition of Walgreens Boots Alliance’s healthcare businesses for approximately $6.5bn (£4.77bn), comprising $6.275bn (£4.6bn) in cash and 2 million shares of AmerisourceBergen common stockThe acquisition of Alliance Healthcare will reportedly provide even stronger support for pharmacies and pharmacists across the globe and integrated solutions for…
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6 January
Coty acquires interest in KKW beauty
Coty has announced the completed acquisition of a 20% ownership interest in Kim Kardashian West’s beauty business for $200m (£146m). The acquisition was first announced in June 2020 and completed on schedule in Q3 fiscal year 2021. Coty and Kardashian West said they will focus on entering new beauty categories…
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Dec- 2020 -2 December
Beauty Bay considers a stock market listing
Online cosmetics store, Beauty Bay is reportedly considering a stock market listing, following the surge in valuation fellow digital retailer The Hut Group (THG) experienced earlier this year. According to Sky News, the company which was created by Arron and David Gabbie, is in talks with investment bank GCA Altium…
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