Beauty

Revolution Magnificence; Area NK; Elemis; LVMH


Revolution Beauty: on the road to recovery

Revolution Beauty, which specialises in ‘dupe’ beauty products, has revealed stronger financial results and better profitability for its fiscal year 2024.

The UK-based cosmetics brand had been financially struggling and embroiled in a legal battle with its co-founder, but is now recovering and has adjusted its EBITDA forecast for at least £12.5m and a 2% revenue growth.  

As part of its recovery plan, the company had implemented a new strategy that included a £10m cost-saving programme and a stronger focus on its core Revolution Masterbrand, as well as launching a TikTok Shop and partnering with Amazon in the US.  

Space NK owner: may be prepping for a sale

British beauty retailer Space NK is said to be preparing for a sale, according to Sky News reports.

Its parent company, the private investment firm Manzanita Capital, has supposedly approached banks about initiating a sale, with an expected price tag of somewhere between £300m – £400m.

Manzanita Capital – which also owns Austrian luxury skincare brand Susanne Kaufmann and French fragrance brand Diptyque – has owned Space NK for two decades and is said to be undecided about whether to sell a minority or controlling stake in the beauty business.

The Body Shop files for bankruptcy in France

The Body Shop France has filed for bankruptcy in France and has been placed in receivership by the Paris commercial court, in a similar situation to what has happened in the UK.

The fate of its 66 stores in France hangs in the balance and there will now be a six-month observation period in order to carry out a company diagnosis and prepare a recovery plan.



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