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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Jul- 2024 -29 July
British Land signs three healthcare leases at Crownpoint Retail Park
British Land has leased 12,800 sq ft of space to three healthcare businesses at Crownpoint Retail Park, Denton in Greater Manchester. InHealth, the UK’s largest specialist provider of diagnostic and healthcare solutions, has taken a 5,000 sq ft unit for a Community Diagnostic Centre, while CVS Vets, one of the…
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26 July
THG to axe 171 roles as staff ordered to return to office full-time
THG is reportedly set to axe 171 jobs across the business whilst “insisting” that staff return to the office five days a week, The Financial Times has reported. The company is said to have told employees this week that it expected to make a total of 171 redundancies across six divisions,…
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23 July
Superdrug boss urges govt to reform business rates
Superdrug CEO Peter Macnab has called on the new Labour government to reform business rates in an interview with This is Money, after the King’s Speech last week (17 July) omitted the subject. Macnab, who believes change is essential for the creation of “vibrant” shopping hubs throughout the country, said…
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22 July
Holland and Barrett unveils first London ‘H&Bean’ cafe
UK-based wellness retailer Holland and Barrett has started trialling its first London-based H&Bean cafe concessions at its Victoria Street street store. The news comes after the group trialled the takeaway service at its flagship store in Birmingham in November. The new H&Bean cafe concession will offer a brand-new range of…
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17 July
Mike Jatania enters exclusivity with Body Shop over rescue deal
Businessman Mike Jatania’s consortium, Auréa Group, has officially entered into an exclusivity agreement with the administrators of The Body Shop, FRP Advisory. It is understood from a statement that Auréa’s management team will be led by former Molton Brown and Erno Laszlo CEO Charles Dento, following the competitive bidding process. …
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15 July
Sephora to open at Birmingham’s Bullring centre
Sephora UK is continuing its retail expansion across the UK with the announcement of a new store at Hammerson’s destination in Birmingham city centre Bullring later this year. The success of the beauty retailer is largely due to the brand’s commitment to retail innovation by creating “unique and diverse” retail…
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11 July
Holland and Barrett losses widen despite surge in revenues
Holland and Barrett has reported that pre-tax losses widened from £59.6m to £65.3m following a rise in administrative expenses, despite seeing its revenues increase 11% to £806.1m during the year ended 30 September. Gross profits also rose by 7% to £475.7m, while distribution and operation costs decreased to £253m that…
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11 July
British entrepreneur close to Body Shop deal
British entrepreneur Mike Jatania is close to completing a rescue deal for The Body Shop, according to reports from Bloomberg. Jatania is thought to be part of a consortium alongside ex-Molton Brown CEO Charles Denton amongst others. It is believed that the retailer’s new owners are planning to retain all…
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8 July
Superdrug FY23 pre-tax profits hit £111m
Health and beauty retailer Superdrug has revealed its pre-tax profits jumped 43% to £111.6m during the 52 weeks ended 31 December 2023. Superdrug said the positive figures have been driven by strong retail store performance, increased sales volume and continued own brand growth as sales increased 11% to £1.52bn. Superdrug…
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8 July
Huddled Group acquires 75% stake in Boop Beauty
Huddled Group has announced it has taken a controlling stake of 75% of the equity in Boop Beauty Limited, an e-commerce business specialising in surplus beauty and cosmetic products. Huddled said it will pay a “modest sum” for the stake roughly equivalent to the value of stock on hand, with…
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