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Space NK growth story continues as results show surging sales and profits

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January 7, 2026

Space NK may now be part of Ulta Beauty since its acquisition last summer, but it remains a UK-registered company so its results are still available at Companies House and its latest accounts have just been filed.

Space NK

What do they show? In the 12 months to the end of March 2025, the premium beauty retailer enjoyed another strong year with turnover rising to £266 million from £196.5 million a year earlier. Coming on top of a strong increase in that 2023/24 period, it highlights just what appealed to Ulta Beauty when it made its move on the company.

The latest revenue increase added up to a 35% leap and came as the company’s like-for-like performance in its stores was up a hugely impressive 19%. Newly opened and enlarged stores, as well as online growth, made up the rest of that 35% surge.

The company also said that EBITDA for the period rose to £26.47 million from £15.94 million. And net profit for the the period jumped to £12.35 million from £7.45 million.

Meanwhile it said its continued strategy of investment to fuel growth “is paying a strong return”, a sentiment that’s hard to argue with. And this investment in its stores, operations, technology and customer acquisition has continued with 2025 seeing plenty of activity on this front.

And with the July acquisition of 100% of the company, it added that it sees this as “a positive strategic development that is expected to deliver long-term benefits through increased scale, investment, and access to boiler group capabilities”.

Regardless of the acquisition, even as an independent company the future outlook was “positive with growth in customer numbers across all age and spend demographics”.

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Olaplex said to attract takeover offer From Germany’s Henkel

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January 8, 2026

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Bloomberg

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January 9, 2026

Henkel AG has submitted a takeover offer for Olaplex Holdings Inc, according to people with knowledge of the matter, after the shampoo maker lost over 90% of its value since its initial public offering. The stock rose more than 36%. 

Olaplex

Olaplex and Dusseldorf, Germany-based Henkel are in talks about a potential deal that could come together within weeks, said the people, asking not to be identified discussing confidential information.

Private equity firm Advent is Olaplex’s largest shareholder, with close to 75% ownership, according to data compiled by Bloomberg.

No final decision has been made and the talks could end without a deal, the people said. Representatives for Advent and Henkel declined to comment, while a spokesperson for Olaplex didn’t immediately respond to a request for comment.

Olaplex was up 25% to $1.69 at 2:45 p.m. in New York trading Wednesday, giving the company a market value of about $1.1 billion. It was worth $16 billion when it went public in 2021.

Olaplex, which makes shampoo and other hair products, was among a group of capital markets darlings such as sneaker maker On Holding AG and coffee chain Dutch Bros Inc. that went public at peak valuations.

Henkel manufactures chemicals for industrial and commercial goods and is the owner of hair-product brands including Schwarzkopf, its website shows.

Advent bought Olaplex in 2019 without disclosing terms, according to a statement at the time. Its products are sold to individuals consumers and are also used in professional hair salons.



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Puma appoints Nadia Kokni as vice president, global brand marketing

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January 8, 2026

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DPA

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January 9, 2026

The sports company Puma has appointed Nadia Kokni as vice president, global brand marketing, effective January 1. In this role, she will report directly to chief brand officer, Maria Valdes.

Nadia Kokni – PUMA

In her new role, Kokni will oversee the global brand marketing strategy and creative direction, as well as integrated marketing and communications. Her appointment comes as Puma advances its global brand ambitions and sharpens the storytelling around its iconic products and innovations.

Kokni brings extensive international experience in shaping and transforming leading global brands across sports, fashion and lifestyle. She has held senior positions at JD Sports, H&M, adidas, Tommy Hilfiger and, most recently, Hugo Boss, where she served as senior vice president of global marketing and communications. In that role, she led a large-scale brand transformation and accelerated digital initiatives.

“Nadia is a world-class marketing expert who has demonstrated her ability to build modern global brands through strategic clarity, creative excellence and cultural relevance,” said Valdes.

“Her appointment comes at an important time for Puma, as we bring product development and storytelling even closer together. With her leadership, Nadia will help us tell clearer product stories around the world, build greater brand desirability and forge deeper relationships with our consumers.”

Her appointment follows the decision to bring brand marketing, product, creative direction, innovation and go-to-market together into a single global organisation under the leadership of Valdes.

“I am delighted to join Puma at such an exciting time for the brand. The company has an impressive heritage and a clear opportunity to take a leading role at the intersection of sport, culture and performance. I look forward to working with Maria and the teams around the world to tell bold, meaningful stories that inspire our consumers and accelerate Puma’s next phase of growth,” said Kokni.

She replaces Richard Teyssier, who has decided to leave the sporting goods manufacturer to pursue new challenges outside the company.

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Canada Goose names new APAC leader, North America president departs

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January 8, 2026

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January 9, 2026

Canada Goose announced on Thursday Daniel Binder has been appointed president, Asia Pacific, alongside the reshuffling of other key positions at the luxury firm as its North America president departs.

Canada Goose

Continuing his role as chief transformation officer, Binder will now lead the APAC market, effective April, while relinquishing his role as EVP, global stores at the outerwear maker.

Binder is succeeded by Niclas Ekerot, who joins Canada Goose as SVP, global stores, effective immediately.

With more than 25 years of luxury retail experience, Ekerot has held held senior leadership roles at Bottega Veneta, Michael Kors, Gucci, and most recently Burberry. Here, the executive accrued expertise in global retail operations, brand elevation, and customer experience, which “will be instrumental as Canada Goose continues to strengthen and expand its retail presence globally,” said the Canadian firm.

The reshuffle comes as Jonathan Sinclair steps down as president, Asia Pacific. Sinclair, who previously served as the company’s chief financial officer, will remain as a company board member for its regional subsidiaries.

Meanwhile, Ana Mihaljevic, president of North America, will leave the Toronto-based company in February, after more than a decade of leadership at Canada Goose,. Carrie Baker, president, brand and commercial, will oversee the North America market on an interim basis.

Canada Goose said the management updates will drive continued growth in “key global markets,”…”unlocking regional potential, and ensuring continuity as the company executes its long-term strategy.”

“We are deeply grateful to Jonathan and Ana and thank them for their longstanding service and contributions, which have helped build the foundation for our next chapter,” said Dani Reiss, chairman and CEO of Canada Goose.

“We also welcome Dan and Niclas into their new roles. Dan’s proven ability to drive transformation and Niclas’s deep expertise in luxury retail will be critical as we scale our business in Asia Pacific and elevate our retail experience worldwide.”

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