Manufacturers who fail to maintain high ethical and sustainable standards beware. One in five UK retailers cancelled contracts last year with suppliers who fell short of required levels.
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.
Cloud Nine has partnered with CleanHub and Green Worms to allow the hair and beauty brand “to continue to reduce its plastic footprint, support communities, and make a positive impact on the planet”.
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.
On Wednesday, Japanese cosmetics group Shiseido released a prudent forecast for fiscal 2022, influenced by the “prolonged impact” of the Covid-19 pandemic on its business in Japan and China.
Euphoria is currently the most influential TV show when it comes to make-up looks and fashion choices, analysis of Google search data by UK firm Uswitch has shown.
Indian cosmetics-to-fashion retailer Nykaa on Wednesday reported a 59.5% slump in quarterly net profit on a steep increase in expenses, overshadowing a rise in revenue and gross merchandise value.
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.
Fragrance brand Atelier Cologne, bought by L’Oréal in 2016, will stop doing physical and online business in the USA and Canada in mid-March.
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.
Some 35 brands, three producers, and two “innovators” from around the world have joined joining environmental organisation Canopy’s Pack4Good initiative.
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.
