After months of speculation about who would become the new owner of the UK health and beauty Boots business, the answer is… nobody. Its current owner has pulled it from sale with buyers unwilling to pay a premium price.
Beauty specialist Warpaint London's update on Monday and said “the group has experienced strong trading in 2022 to date with the brands' proposition resonating with customers, both in the UK and internationally”.
Clariant's first-quarter sales from continuing operations rose 30% in local currencies and 26% in Swiss francs to 1.26 billion Swiss francs, with pricing contributing 16% to growth, the Swiss chemicals group said.
Luxury mobile fashion and beauty gaming specialist Drest has launched an exclusive beauty collaboration with global hair colour expert Josh Wood, signing up to be Drest’s permanent ‘Hair Color Expert’.
A consortium led by India's Reliance Industries could become the front-runner to buy the Boots chain from Walgreens Boots Alliance with the other major bidder reportedly on the verge of walking away from any deal.
British e-commerce company THG was at the centre of a bid battle on Thursday, rejecting an offer from two investment groups and learning that local entrepreneur Nick Candy was considering making a bid.