The latest news
Walgreens Boots Alliance to cut corporate jobs by 10%
Walgreens Boots Alliance Inc said on Friday it would slash its corporate staff by about 10%, as it streamlines operations and focuses on consumer-facing healthcare businesses.
Ulta Beauty sales climb 12.3% in Q1
Ulta Beauty announced on Thursday strong first-quarter revenue, thanks to increased comparables sales and strong store performance.
Bath & Body Works beats quarterly profit estimates on higher prices
Bath & Body Works Inc beat first-quarter profit expectations on Thursday, as higher product prices outweighed cost pressures and a slowdown in demand, sending its shares up over 9% in premarket trading.
Bath & Body Works names Maurice Cooper as chief customer officer
Bath & Body Works, Inc. announced on Wednesday the appointment of Maurice Cooper to the newly created role of chief customer officer.
L'Occitane exceeds the €2 billion mark for its 2022/23 financial year
For its 2022/23 financial year ending March 31, the cosmetics group L'Occitane recorded a turnover of 2.13 billion euros, up 17.9%. This growth was driven by the acquisition of Sol de Janeiro.
Body Shop owner Natura's Q1 is loss-making but it hails stronger performance
The Body Shop’s owner Natura &Co has reported what it called a “resilient performance” for Q1, with sales growth in constant currency and an improvement in profit margins. It was still loss-making, however.
Beauty ops do well for Unilever in Q1 but most sales growth driven by price rises
Consumer products giant Unilever has reported results for the first quarter and said that underlying sales growth (USG) “accelerated to 10.5%, driven by progress against strategic priorities”.
Warpaint London has stellar year, expands in UK, Europe and US
Beauty specialist Warpaint London reported 2022 results on Wednesday and talked of “record sales and significant profitability” reflecting a strong full-year performance. It also highlighted a “positive start to 2023”.
THG shares continue rollercoaster ride after disappointing results
THG shares can’t seem to stay on an even keel. No sooner did they rise 40% Monday after news of a takeover approach for the company than they fell almost 20% Tuesday on investor disappointment in the company's results.
THG revenue and profit affected by focus on holding down prices
Just a day after headlines about a surging share price linked to a bid approach for the company, THG was back in the news on Tuesday as it released a trading update and its full-year preliminary results.
THG's share price surges after Apollo bid approach
Shares in under-pressure UK online beauty e-tailer and e-commerce services provider THG leapt 40% at one point on Monday on news of an early-stage takeover approach from US private equity firm Apollo Global Management.
Hou Juncheng on building Proya, China’s response to L’Oréal
Hou Juncheng has a dream, and it ain’t modest. He wants to own the biggest cosmetics company in China – and he’s already off to an extremely fast start. Over dinner in Paris, he reveals his next moves.
Deinfluencing, or the art of negative reviews
Welcome to the art of deinfluencing, one of the latest trends on TikTok, in which influencers tell you what not to buy. As of early April, the hashtag had more than 430 million views on the video-sharing app.
Mathéo Dizel appointed general manager of Travel Retail Europe at LVMH Beauty
French luxury group LVMH has promoted Mathéo Dizel to general manager of Travel Retail Europe at LVMH Beauty. His responsibilities extend to the Acqua di Parma, Maison Francis Kurkdjian, Loewe, Fresh and Benefit brands.
The Body Shop names Jordan Searle GM, North America
The Body Shop North America announced on Wednesday the appointment of Jordan Searle as general manager for the brand in the U.S. and Canada.
Battersea Power Station sees 5m visitors, more brands sign up
Almost six months after opening following a spend of billions, Battersea Power Station's operator said on Tuesday that it has welcomed more than five million visitors and still has brands signing up to take space.