The Japanese beauty giant confirmed on Friday that it is in negotiations with CVC to sell the investment fund its consumer personal care business, the value of which is reported to be over $1.45 billion.
Selfridges weathered the 2020 storm, despite enduring the toughest retail year in decades. That’s according to company chief Anne Pitcher who admitted that it was the “most difficult” period in its 113 years.
Boots has been a drain on its parent company Walgreens Boots Alliance for a while and although WBA said on Thursday that the group’s Q1 trading was better than expected, the UK operation continued to struggle.
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.