Clearly not burned by its recent experience with The Body Shop, L’Oreal has launched a fresh bricks-and-mortar effort for one of its other beauty brands.
The French cosmetics giant has unveiled its first UK store for Nyx Professional Makeup, a US cosmetics retailer with cult status amongst millennial shoppers.
The beauty brand was snapped up by L’Oreal in 2014 for $500m (£403.6m) and has opened a slew of standalone stores Stateside.
The retailer’s Westfield Stratford outlet has been pitched as a go-to destination for “16- to 34-year-old make-up enthusiasts”.
Between this American cosmetics retailer alongside Model’s Own and Estee Lauder’s respective entries to the UK high street in recent months, it’s clearly boom time for beauty brands to take a punt om on bricks-and-mortar.
It’s also been a blockbuster day for Tesco.
The grocer faced accusations that suppliers to its Dunnhumby data business had received preferential treatment, on the same day that its subsidiary Tesco Stores entered into a Deferred Prosecution Agreement with the UK Serious Fraud Office.
Elsewhere Primark owner Associated British Foods is understood to have kicked off a search for a new chairman to succeed Charles Sinclair.
Quote of the day
“We could be double the size we are today. This is a business with a lot of opportunity and with me at the helm, I’ll make it happen.”
– New Findel chief executive Phil Maudsley on his sizeable ambitions for the retailer
Today in numbers
2,100
The square footage of Nyx’s first UK outlet
Tuesday’s agenda
Look out for BRC-KPMG’s retail sales figures for March and JD Sports’ final results.
Grace Bowden, reporter
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