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The Hut Group to boost acquisitions budget as beauty opportunities abound

The Hut Group to boost acquisitions budget as beauty opportunities abound

​The Hut Group plans to spend even more on making acquisitions in the future having set a new target of around £250 million a year for buying businesses, it said this week.
Fashion
The Hut Group revenues soar but one-off costs mean it's loss-making

The Hut Group revenues soar but one-off costs mean it's loss-making

​The Hut Group (THG) swung to an operating loss in its 2020 financial year as one-off items drove it into the red. However, the company’s revenues surged during the period as all divisions outperformed.
Fashion
E.L.F. teams up with celebrity hairstylist and entrepreneur Jen Atkin for beauty collab

E.L.F. teams up with celebrity hairstylist and entrepreneur Jen Atkin for beauty collab

The Oakland, California-based cosmetics brand has joined forces with the founder of Ouai Haircare and Mane Addicts to create the E.L.F. xx Jen Atkin collaborative beauty collection.
Beauty
Loli Beauty launches at Ulta

Loli Beauty launches at Ulta

Previously only available direct-to-consumer, the zero-waste, cruelty-free beauty brand has chosen to make its retail debut with the U.S.’s largest cosmetics seller.
Beauty
Forecasts for UK fashion retail bounce-back contain both good and bad news

Forecasts for UK fashion retail bounce-back contain both good and bad news

There are some mixed signals coming out of the latest consumer research suggesting that the retail bounce-back could be delayed until late summer. But fashion and beauty should still get a boost from next month.
Fashion
Rihanna could be moving into haircare segment with Fenty Hair

Rihanna could be moving into haircare segment with Fenty Hair

Following the successful launches of her cosmetics brand Fenty Beauty in 2016 and her skincare label Fenty Skin in 2020, Rihanna could be looking to launch a line of haircare products, Fenty Hair. 
Fashion
Pandemic hits Brand Architekts' sales, dents growth plans

Pandemic hits Brand Architekts' sales, dents growth plans

Brand Architekts is on a transformational journey to grow into a £50m revenue business within the next five years. So how’s its 'Project 50' progressing?
Beauty
Body Shop, Avon and Aesop all outperform for Natura in Q4

Body Shop, Avon and Aesop all outperform for Natura in Q4

​The Body Shop, Avon and Aesop owner Natura & Co reported a sales surge and net profits up 200% in Q4, with the Brazilian giant saying it's continuing to outperform the wider market. 
Beauty
L'Oreal responds to push for natural ingredients in make-up

L'Oreal responds to push for natural ingredients in make-up

L'Oreal aims to derive nearly all its ingredients from renewable plant sources and abundant minerals by 2030 as demand for organic and environmentally-friendly cosmetics grows. 
Beauty
Kris Jenner to launch beauty brand

Kris Jenner to launch beauty brand

According to a report from E! News, the matriarch of the Kardashian-Jenner clan registered trademarks for "Kris Jenner Beauty," "Kris Jenner Skin" and "Kris Jenner Skincare."
Beauty
Citigroup cannot recoup Revlon payouts after nearly $900 million gaffe: U.S. judge

Citigroup cannot recoup Revlon payouts after nearly $900 million gaffe: U.S. judge

A judge has said Citigroup is not entitled to recoup half a billion dollars of its own money that it mistakenly wired lenders of Revlon, in what he called "a banking error of perhaps unprecedented nature and magnitude."
Beauty
Sephora announces participants for incubator program focused on BIPOC beauty founders

Sephora announces participants for incubator program focused on BIPOC beauty founders

Now in its sixth year, the program's focus on founders of color comes as part of Sephora's increasing number of commitments to increasing BIPOC representation in prestige beauty and on Sephora shelves.
Beauty
Sally Beauty manages earnings rise despite disappointing sales

Sally Beauty manages earnings rise despite disappointing sales

The Texas-based professional beauty supply company has reported net earnings of $57.2 million for the first quarter, reflecting a 7.5% year-over-year increase, in spite of sales that came in under Wall Street estimates.
Beauty
2020 holiday foot traffic among beauty boutique retailers falls 45%

2020 holiday foot traffic among beauty boutique retailers falls 45%

A new report by Kline, a consulting and market intelligence company, found that while foot traffic was down, sales "did not decline as significantly," thanks to higher consumer spending and stocking up during visits. 
Beauty
Unilever focus is dynamic categories for future growth, targets US, India, China

Unilever focus is dynamic categories for future growth, targets US, India, China

Unilever said on Thursday that its focus for the future is developing its portfolio “into high growth spaces”, a goal that will drive decision-making around acquisitions and disposals. 
Beauty
Ulta commits $25 million to new D&I goals, Tracee Ellis Ross named D&I advisor

Ulta commits $25 million to new D&I goals, Tracee Ellis Ross named D&I advisor

As part of its commitments, the company said it will double the number of Black-owned brands in its assortment by the end of 2021
Beauty