UK high street and travel retail newsagent WH Smith has delivered a surprise with news that it’s buying US travel retail specialist Marshall Retail for $400m/£312m, radically expanding its travel retail chain.
Subscription boxes continue to win new fans in the UK and while food is the most popular product category, beauty is second with the channel becoming a key one for beauty product sales, especially to young consumers.
The US-based global retail pharmacy operator announced on Friday that it has appointed 17-year Kraft Heinz and Kraft Foods vet Francesco Tinto as global chief information officer and senior vice president.
Digital native Gen Z consumers still love shopping in physical shops and that has big implications for the beauty sector as these consumers spend more of their spare cash on cosmetics than any other generation does.
Aaron Chatterley, who co-founded and led Feelunique until 2014, has confirmed he is rejoining the team. But he is not returning as CEO, even though the company has been without a leader since Joel Palix's departure.