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Bodycare brand Estrid names brand chief, will open second HQ in London
Swedish bodycare brand Estrid is to open a second corporate headquarters in London following a period of “explosive growth”, with revenues up more than 60% year-on-year.
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L'Oréal reshuffles international management team
The French beauty giant has announced a series of promotions effective in early 2024. Fabrice Megarbane, head of the China and North Asia businesses, will take over from Frédéric Rozé as chief global growth officer.
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Japan’s largest cosmetics firm Shiseido bets on India growth with first launch in a decade
Shiseido Co. is launching its first makeup brand in India in almost a decade, bringing popular line NARS Cosmetic to local beauty shops.
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Sephora North America names Artemis Patrick as president
Sephora North America has named Artemis Patrick president, succeeding Jean-André Rougeot, who is set to retire next April.
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Puig plans its IPO for 2024
The Spanish group has hired JP Morgan and Goldman Sachs for the estimated €8 billion deal.
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TikTok UK/Europe clocks up impressive revenues
TikTok UK/Europe, the platform that has given many a fashion influencer a huge voice and beauty brands an important media link to young customers, saw its sales rocket in the calendar year 2022.
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Fashion shines for John Lewis but retailer remains loss-making
It was a case of 'more loafers, fewer sofas' at John Lewis in the latest half as the retailer reported narrower losses and strong fashion sales. But interiors and tech struggled.
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THG makes progress despite hit to Beauty as Ingenuity refocus continues
THG’s results for the first six months of the year showed adjusted EBITDA and cash generation ahead of the top end of its guidance, although the Beauty operation took a hit from one-off industry destocking.
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Douglas chooses banks as global coordinators for planned IPO
Douglas has chosen Goldman Sachs, Citi, Deutsche Bank, UniCredit and UBS as global coordinators for a planned IPO.
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Poor August weather hurts Scottish fashion sales but beauty flourishes, says SRC
A 5.6% headline rise in total monthly year-on-year sales is good, right? Not when it’s up against a year-ago 6.2% rise and the fact it was below the three-month average increase of 7.5%.
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Oxford Street gets go-ahead for £90m upgrade
As the discussion around the future of London’s Oxford Street continues, what used to be Europe's busiest shopping thoroughfare enjoyed a boost this week with approval for the first stage of funding for its revamp.
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Poundland aims for super-fast transformation of acquired Wilko stores
Pepco’s widely-anticipated acquisition of a large portfolio of Wilko stores following the latter’s demise should see them being converted into Poundland branches very quickly.
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Inditex beats H1 expectations as its Midas touch continues, AW23 starts well
Inditex’s first-half results on Wednesday saw the Zara, Massimo Dutta and Bershka owner reporting a 40.1% surge in profits, even though it had kept a lid on price rises linked to higher costs.
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Interparfums posts solid H1 performance
In H1 2023, French licensed fragrances specialist Interparfums recorded a 24% revenue growth, boosted by Jimmy Choo’s performance. The group is also planning to launch its own brand.
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Heatwave fails to boost UK footfall in latest week
Hot weather isn’t for everyone. And it seems among those are shoppers. The brief burst of fine weather after a mostly dismal August did little to whet consumers’ appetite last week.
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e.l.f. launches major UK community campaign to #expressyourelf’
Beauty brand e.l.f. Cosmetics is launching its first ever community-led brand campaign in the UK, inviting consumers to ‘live your bold truth by proudly expressing your e.l.f.’.
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