Coty recovers from £50m loss amid potential Rimmel and Max Factor sale Retail The UK and Ireland arm of Coty has recovered from losing more than £50m as it considers selling off the likes of Rimmel and Max Factor. The New York-listed giant announced at the end of September that it was weighing its options for its consumer beauty division. While a formal decision has not yet been [...]
Charlotte Tilbury creates 150 jobs as profits spike Retail Makeup, skincare and fragrance brand Charlotte Tilbury created 150 jobs as its profit jumped by more than a quarter during its latest financial year, it has been revealed. The London-headquartered business has posted a pre-tax profit of £18.3m for 2024, up from the £14.4m it achieved in the prior 12 months. New accounts filed with [...]
Refy: Sales spike at influencer Jess Hunt’s beauty brand Retail Sales and profit have both spiked at Refy, the beauty brand co-founded by British model, social media influencer and entrepreneur Jess Hunt. The Manchester-based business, which Hunt launched alongside chief executive Jenna Meek, has posted a turnover of £40.3m for the year to 31 August, 2024, according to new accounts filed with Companies House. The [...]
L’Oreal: UK sales top £1.5bn for the first time April 11, 2025 Sales at the UK arm of L’Oreal topped £1.5bn for the first time in 2024 as its profit continued to surge, it has been revealed. The division of the French cosmetics giant has posted a turnover of £1.55bn for its latest 12 months, up from the £1.43bn it reported for 2023. New accounts filed with [...]
Estée Lauder loses over £360m as it prepares to cut jobs March 26, 2025 Estée Lauder, the beauty giant behind brands such as Clinique, MAC, and Jo Malone, has slumped to a loss of more than £360m in the UK and Ireland as it prepares to cut thousands of jobs. The US multi-national, which is also the owner of Bobbi Brown, Aveda and Tom Ford, posted a pre-tax loss [...]
Coty: Rimmel and Max Factor owner slumps to £53m UK&I loss January 7, 2025 The UK and Ireland arm of Coty, the global beauty and cosmetics giant behind the likes of Rimmel and Max Factor, slumped to a loss of more than £50m during its latest financial year. The Kent-headquartered division has posted a pre-tax loss of £53.4m for the 12 months to 30 June, 2024, according to newly-filed [...]
International expansion helps Charlotte Tilbury sales jump by £140m September 24, 2024 Sales at beauty brand Charlotte Tilbury jumped by almost £140m as it continued its global expansion during its tenth year in business, it has been revealed. The makeup, skincare and fragrance products retailer has reported a turnover of £448.5m for 2023, up from the £310.3m it achieved in 2022. Newly-filed accounts with Companies House also [...]
Luxury fashion brands struggle to compete with celebs in the branded beauty craze April 28, 2024 “There has been a massive shift; we are inundated with brands now. The selectivity is really the main challenge,” Clare Horner, group beauty director at UK luxury department store Harvey Nichols.