The latest news
Revolution beauty narrows losses as sales rise in H1
It's only a few days since the last set of Revolution Beauty results were released, but they were the delayed figures for FY22. On Friday, it almost got back on track with its results for H1 of FY23.
Freemans enters beauty box market as beauty sales surge
Digital department store Freemans has released its first-ever Beauty Box as it aims to make the most of massive growth in the beauty category overall.
Chanel to double London HQ space
News last week that Chanel’s sales rose in double digits in 2022 was followed by the company saying it would double the size of its global HQ in London’s Mayfair and will move in during 2025.
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.
Brand Architekts names new part-time CFO
Challenger British beauty business Brand Architekts Group has appointed Geoff Ellis Chief Financial Officer, effective 3 July, albeit on a part-time basis.
Revolution Beauty results finally released, losses widen
Revolution Beauty has finally reported its much-delayed results for the year to February 2022 and operating losses surged to £38.8 million, wider by almost £30 million, although revenue jumped 35% £184.6 million.
Chanel opens Battersea beauty and eyewear boutique
Chanel is the latest big name to endorse the multi-billion pound mall development at Battersea Power Station and has just opened a new beauty and eyewear store there.
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.
Revolution Beauty appoints new chairman as co-founder finally departs
Another boardroom change for the troubled Revolution Beauty Group. But at least this one was expected with the multi-channel mass beauty retailer appointing Derek Zissman its new Non-Executive Chairman.
E.L.F. Beauty Q4 sales surge 78% for 'outstanding' 2023 result
E.L.F Beauty announced on Wednesday net sales for the fourth quarter surged 78% to $187.4 million, driven by strength across the beauty chain's retailer and e-commerce channels.
Made by Mitchell launches first pop-up in H Beauty
British digital beauty brand Made by Mitchell, founded by make-up artist and TikTok Beauty star Mitchell Halliday, has opened his first pop-up at Harrods’ H beauty in Bristol.
r.e.m. beauty gets strategic investment from Sandbridge Capital
Ariana’s Grande’s r.e.m. beauty brand has announced a strategic investment led by consumer-focused private investment firm Sandbridge Capital that will help it "optimise its global potential".
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.
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.
Superdrug celebrates National Beauty Banks charity milestone
Health & beauty retail giant Superdrug is celebrating a charity beauty milestone. It’s now five years since the first 'National Beauty Banks’ bins were installed in its stores.