THG Beauty boss expects return to growth in ‘extremely buoyant’ market
THG Beauty, which owns pureplay retailers including Lookfantastic and Cult Beauty, expects to return to growth in the next financial year as sales grew at a double-digit rate in the last quarter and the premium beauty market in the UK remains “extremely buoyant”, according to chief executive Lucy Gorman.
Speaking to Retail Week, Gorman said scaling back has brought a positive shift in the business after THG posted “a record profit performance” in 2023, rising above the pandemic-era highs.
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