Physical stores remain key to UK prestige beauty sales with rising turnover and more initiatives to engage customers face to face. But online growth is exploding, according to new data from research firm NPD Group.
It’s always interesting when a founder returns to spearhead a brand that has lost its way and now Theo Fennell, like the founders of Jack Wills and LK Bennett before him, is back to offer a founder’s vision to the brand.
UK make-up firm Warpaint is going from strength to strength and early results for its Very Vegan launch look good, meaning more new lines are on the agenda. And while business in Europe is slow, the US is booming.
Europe’s biggest health & Wellness chain Holland & Barrett will be bought by a Russian tycoon for £1.77bn after growing sales by 90% since 2010. Superdrug owner AS Watson had also wanted to buy the fast-expanding chain.
Venture capital firm Next Coast Venture led the funding round that included participation from former Ralph Lauren and Tory Burch executive Roger Farah. The new investment raises Phlur's total funding to $6 million.
Consolidated net sales fell 0.1% in the first quarter and comparable sales fell 1.1%. The retailer reaffirmed its full year guidance and expects its second quarter comparable sales to decrease in the low-single digits.