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Warpaint London sales and profits fall but outlook is brighter

Warpaint London sales and profits fall but outlook is brighter

​Beauty manufacturer and brand owner Warpaint London said on Wednesday that the first six months of the year saw its sales falling 29% to £13.5 million as a result of Covid-19 restrictions in the UK and internationally.
Beauty
Westfield owner takes Boots to court over rent non-payment

Westfield owner takes Boots to court over rent non-payment

The owner of Westfield Stratford City has taken high street chemist Boots to court after the company refused to pay rent at some of its locations.
Beauty
Unilever clears first hurdle in planned unification move

Unilever clears first hurdle in planned unification move

​Unilever NV shareholders have approved plans to end the Anglo-Dutch company's dual-headed corporate structure and form a London-based entity, which it says will make dealmaking simpler.
Beauty
Avon unveils new brand positioning

Avon unveils new brand positioning

The cosmetics brand has introduced a new strapline and brand positioning in a new campaign that invites people to reconsider their views of the company.
Beauty
Harrods opens first standalone H Beauty store in Lakeside, Essex

Harrods opens first standalone H Beauty store in Lakeside, Essex

​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. 
Luxury
The Hut Group makes stellar stock market debut

The Hut Group makes stellar stock market debut

The British company behind Lookfantastic and Glossybox on Wednesday raised £1.88 billion in its initial public offering after selling 376 million shares at 500p each.
Fashion
The Hut Group IPO shares priced at £5, will list next week

The Hut Group IPO shares priced at £5, will list next week

​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.
Beauty
Shareholders mount class action lawsuit against Coty

Shareholders mount class action lawsuit against Coty

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.
Beauty
S.Africa's EFF pickets at top stores over 'racist' ads

S.Africa's EFF pickets at top stores over 'racist' ads

Dozens of activists from South Africa's radical leftwing Economic Freedom Fighters (EFF) party picketed outside stores of a leading retail pharmacy on Monday over a controversial "racist" hair advertisement.
Beauty
Klarna launches social shopping in UK via new app

Klarna launches social shopping in UK via new app

Buy now, pay later (BNPL) specialist Klarna unveiled its redesigned app on Monday with the move marking a deep dive into social shopping in Britain.
Fashion
Glossier announces recipients of grant initiative for Black-owned beauty businesses

Glossier announces recipients of grant initiative for Black-owned beauty businesses

Divided into three tiers, each of the 16 recipients will receive thousands in grant funding and advisory support from Glossier. 
Beauty
Hut Group to float this month in biggest UK IPO since 2013

Hut Group to float this month in biggest UK IPO since 2013

​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.
Beauty
Ulta Beauty posts higher than expected Q2 earnings

Ulta Beauty posts higher than expected Q2 earnings

The Illinois-based cosmetics retailer announced a 26.3% decline in second-quarter net sales on Thursday due to disruption linked to Covid-19, but still managed to beat analysts’ expectations with its profit.
Beauty
China, deals to help Givaudan keep up pace of growth

China, deals to help Givaudan keep up pace of growth

Givaudan aims to increase its annual organic sales by 4-5% on average until 2025, mainly due to acquisitions, a focus on smaller and local customers and fast-growing China, it said on Thursday.
Beauty
Hut Group confirms float plans, reveals explosive growth

Hut Group confirms float plans, reveals explosive growth

The Hut Group confirmed what had been widely expected on Thursday morning — that it’s going to float on the London Stock Exchange. It also revealed impressive percentage growth figures and its strength in key markets.
Beauty
Covid dents UK beauty as consumers go out less says GlobalData

Covid dents UK beauty as consumers go out less says GlobalData

Consumers staying home more often are bad news for the make-up and fragrance categories this year with the wider beauty sector set to decline by as much as 10%, a value that won't be recouped next year.
Beauty