
Beauty manufacturer and brand owner Warpaint London said on Wednesday that the first six months of the year saw its sales falling 29% to £13.5 million as a result of Covid-19 restrictions in the UK and internationally.
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Beauty manufacturer and brand owner Warpaint London said on Wednesday that the first six months of the year saw its sales falling 29% to £13.5 million as a result of Covid-19 restrictions in the UK and internationally.
Warpaint London, the beauty specialist that owns the W7 and Technic brands, reported 2019 results on Wednesday and said sales to the EU have grown, while a Tesco deal could be the first of many. But profits are down.
Warpaint London, the specialist beauty products maker and owner of the W7 and Technic brands, has issued another coronavirus update showing how much of an impact the pandemic is having.
Colour cosmetics specialist Warpaint London is one of few companies so far to say that the coronavirus has had a minimal impact on its operations up until now.
Warpaint London, which owns the W7 make-up brand, has announced a key deal with “a leading UK supermarket group”, although it didn’t tell us which one. It also released a trading update showing times are still tough.
Warpaint London, the beauty specialist that owns the W7 and Technic brands, issued a trading update for 2019 on Friday and it came with a profit warning. It also announced that it’s changing its current joint CEO set-up.
Warpaint London said Wednesday that 2018 saw surging sales but lower profits as the owner of the W7 and Technic brands saw acquisition and impairment expenses offsetting healthy revenue figures.
Warpaint London said Tuesday that sales last year were at the low end of its forecasts and pre-tax profit missed its predictions as the latter half of the year proved tough.
Warpaint London issued a profit warning on Monday and its shares plunged. Despite strong business in the US and EU, its UK operation has remained soft with slow orders.
Warpaint, the owner of cosmetics brands W7 and Technic, has announced stellar sales for the first half of the year, up 38.7% to £18.4 million driven by its expansion and the strength of its W7 make-up brand.