THG’s Share Decline: Challenges Mount Amid Revised Sales Projections
THG witnessed a significant drop in its share value, with a decline of up to 20% last week, following the company’s decision to lower its annual sales projection due to challenges like rising inflation and underwhelming performance in its beauty segment.
Nice Cote d’Azur to renew entire retail offer
Nice Cote d’Azur Airport has issued a call for tenders covering its entire commercial offer, split between its three terminals dedicated to scheduled and business flights.
Estee Lauder Fragrance to hit shelves at M&S
Marks & Spencer has announced that some 30 Estee Lauder Fragrances, including the Beautiful, Pleasures and Bronze Goddess collections, will hit its website and shelves at selected stores across the UK next month.
The Body Shop removes gender segmentation from UK stores
The Body Shop has rejigged its UK stores to emphasize the gender neutrality of its range. The ethical beauty retailer will no longer feature a dedicated men’s area.
Kama Ayurveda poised to open London store this fall
Kama Ayurveda has announced that it will launch its first standalone store outside of India in London’s Notting Hill this fall. The multi-storey space will offer a full immersion into the world of Ayurveda.
Glossier and Sephora Unite in the U.K.
Cult-favorite beauty brand Glossier is gearing up for a notable collaboration with industry titan Sephora in the U.K.
Revolution Beauty Group Ushers in a New Era
Revolution Beauty Group has made it official: Lauren Brindley, the previous vice president for beauty and personal care at Walgreens, is stepping in as the new chief executive.
Boots to open beauty-only concept store
In a departure from its traditional pharmacy model, Boots is opening a destination store for beauty-lovers at London’s Battersea Power Station development. The Walgreens Boots Alliance-owned chain has described the 11,200 sq ft space as a ‘beauty playground’.
Farfetch to bow out of beauty?
Farfetch is thought to be closing down its beauty division after less than 18 months in business. The online retailer created Farfetch Beauty last April, following its acquisition of Violet Grey.
Rumors swirl as Harvey Nichols CEO makes shock exit
The CEO of Harvey Nichols, Manju Malhotra has resigned from her post. Malhotra has worked for the UK department store for some 25 years and was appointed CEO in 2020.
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