Afound, the newest brand in the H&M Group portfolio, has this week launched a beauty offer that promises to deliver to “existing and new customers the chance to find their favourite products at a great price”.
The Vaughan, Ontario-based personal care group announced third-quarter net income of $3.6 million on Friday, a 21% increase compared to the $2.9 million reported by the company in the prior-year period.
The New York-based cosmetics company announced on Thursday that it no longer expects to make a filing for Chapter 11 bankruptcy, thanks to a last-minute debt deal, and also reported a 20.1% decrease in Q3 revenues.
It’s all in the name. B&M European Value Retail continued to be one of the success stories of 2020, with figures released Thursday that many in retail can only dream of in a pandemic-ravaged year of trading.
The shop-in-shop concept, focused on offering established and emerging prestige brands online and in select target locations nationwide, will debut online and in more than 100 Target locations starting in 2021.
UK supermarket giant Sainsbury’s had mixed news to deliver Thursday with only some of it positive. Negative headlines included major job losses, Argos store closures and in-store clothing sales hit hard by the pandemic.
The Hut Group has rarely been out of the news in recent months and on Monday it made headlines again as it announced a third-quarter trading update that showed its business continues to go from strength to strength.
Unilever had upbeat news on Thursday. Despite currency effects sending its turnover down overall, it released Q3 figures that showed underlying sales growth (USG) of 4.4%, and prestige beauty was buoyant.
As KKR finalizes its purchase of Coty’s professional and retail hair businesses, the investment firm has named Annie Young-Scrivner as the CEO of the newly independent company made up of the acquired brands.