The beauty retailer has announced the appointment of Mary Beth Edwards as group VP for global sourcing, as well as the promotion of Heather Plutino, current group VP of finance, to the company’s senior leadership team.
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 leading K-beauty retailer has announced that it is expanding its partnership with Ulta, introducing its popular private-label skincare collection to almost all of the cosmetic chain’s stores across the US.
Following a busy year which saw it launch an IPO and acquire two new brands, the Canadian beauty group reported increases in its quarterly and annual revenues on Thursday and announced two new executive appointments.
Global private investment firm Bain Capital Private Equity has signed an agreement to acquire a majority stake in Maesa, the beauty brand incubator behind labels like Kristin Ess Hair Care and Flower Beauty.
E.L.F Beauty said its President and Chief Financial Officer John Bailey will step down from his role on March 31, which will see Mandy Fields become Senior Vice President, Chief Financial Officer, effective April 22.
James Corden has an unlikely new skincare project in the pipeline.The British TV host has teamed up with the actress Chloe Grace Moretz to front a new web series for the prestige Japanese skincare brand SK-II.