It’s been a long time coming since the announcement last year, but Harrods has finally opened its first standalone beauty store, H Beauty, at Lakeside in Essex. A second store will open in Milton Keynes in 2021.
The Hut Group’s much anticipated IPO will see its shares priced at £5 each giving it a market cap of £5.4bn, the company has said. It added that the 374m shares being sold make up around 35% of its total share count.
The cosmetics conglomerate is facing a class action lawsuit from shareholders claiming that the company provided misleading information about its acquisitions of the P&G specialty beauty business and Kylie Cosmetics.
Henkel (owner among others of Fa and Diadermine) is set to buy a majority stake in Invincible Brands Holding, the beauty-sector social commerce specialist that owns HelloBody, Banana Beauty and Mermaid+Me.
John Lewis has announced the addition of 30+ new brands to its fashion, accessory and beauty offer for the autumn season. Some are already in-store with more due this month and the debuts set to continue into October.
The Hut Group has published details of its highly anticipated stock market float with confirmation that it will go ahead with the IPO and that it plans to list on the London Stock Exchange’s main market this month.
As retailers continue to come to terms with the challenges posed by Covid-19, AI and AR beauty tech company Perfect Corp. has added four new non-touch features to its existing digital makeup try-on solution.
The cosmetics brand founded by singer and actress Selena Gomez is launching its first line of “thoughtfully formulated, thoroughly tested” products as a Sephora exclusive in the U.S., Canada and Mexico on Thursday.