Beauty and personal care were a big part of Unilever's larger than expected Q1 sales rise and its acquisitions grew faster than other brands as their innovative business models and products scored globally.
The Brazilian cosmetics group announced on Friday that it has appointed Ian Bickley, ex-president for global business development and strategic alliances at Tapestry (formerly Coach) to its board of directors.
The booking software for beauty salons and spas has raised $20 million in a Series B funding round led by investment firm Partech, Berlin-based Target Global, Dubai’s Beco Capital and NYC-based FJ Labs.
The American owner of the UK’s Boots health & beauty chain said the company needs to close stores and cut more costs after the “most difficult” quarter it has seen in its five-year history as a mutinational group.
Manchester-based The Hut Group has increased its bank borrowing to $1bn (about £766m) and welcomed Shanghai Pudong Development Bank as an investor to support “major investments in beauty, technology and infrastructure”.
The extreme uncertainty surrounding Brexit and Britain’s future has prompted The Body Shop to relocate a part of its operations from Littlehampton to Frankfurt, Germany with the opening of a new distribution centre.