OTB hailed a strong set of results on Thursday saying that its turnover rose 16.2% last year, digital boomed and it saw 38 new store openings. Importantly, it also said that Jil sander had reached break-even.
Unilever on Thursday reported its “fastest underlying sales growth in nine years” for fiscal 2021, with a 4.5% uplift that divided down as a 2.9% increase based on higher prices and a 1.6% volume rise.
Criticised by a major investor for focusing on sustainability, Unilever CEO Alan Jope will be under pressure at the consumer goods group's quarterly results on Thursday to show the two can go hand in hand.
The beauty universe continues to expand rapidly. Following recent product launches and extensions by major fashion retailers Next and Boohoo, it’s now the turn of The Very Group to trumpet its growth in the sector.
British skincare and fragrance brand Haeckels said on Wednesday that The Estée Lauder Companies (ELC) has made an investment in the company, although it didn’t tell us how much money had been invested.
Online search platform Stylight has appointed Sabrine Mouden as Chief Revenue Officer (CRO). She’ll lead the sales, advertising and marketing operations at the fashion, beauty and lifestyle-focused business.
As retailers continue to campaign against the UK's changes to VAT-free shopping rules, new analysis from GlobalData claims Britain will lose its top spot in the European ‘duty-free’ market as spend falls 70% by 2025.
Riding the beauty success wave, ambitious vegan products maker Faith in Nature is targeting sales of £20 million for the year to June 30 2023. That comes after the company’s sales hit £15.8 million in the prior year.