Global beauty giant L'Oréal is finalizing the acquisition of Byredo, backed by British fund Manzanita Capital, the owner of Diptyque and Malin+Goetz, according to a report from French newspaper Le Figaro.
British e-commerce company THG was at the centre of a bid battle on Thursday, rejecting an offer from two investment groups and learning that local entrepreneur Nick Candy was considering making a bid.
India's biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever.
On Thursday, Japanese cosmetics group Shiseido confirmed its prudent forecast for the 2022 financial year, stating it is “hard to quantify precisely” the impact of the pandemic and of geopolitical tensions.
UK-based multi-brand beauty retailer Revolution Beauty Group has a new finance chief. Elizabeth Lake, former finance director at Hugo Boss UK, is set to replace Andrew Clark, who has announced his intention to leave.
UK health & beauty retailer Superdrug has expanded its same-day courier service, ‘Store to Door’, in Scotland. The service is available within a five-mile radius of nine stores within the Glasgow and Edinburgh regions.
Good news for UK online fashion sales. Not so good news for digital beauty sales. Even worse for the e-tail industry as a whole. And after weak April numbers, it suggests the digital boom could well be over.
Not content with launching another branch of H Beauty a few weeks ago, Harrods is putting big support behind beauty in May as it invites consumers to enjoy ‘The Harrods Beauty Adventure’ at its Knightsbridge flagship.
There was good news and bad on UK spending on Tuesday as reports showed consumers are being impacted by higher prices, but are still spending on fashion and on activities that require new clothes and beauty products.