Fashion
Coty UK, Ireland turnover dips on tough consumer beauty market
Published
January 7, 2026
Coty has faced major challenges in its global operations and Coty UK&I’s latest accounts filing shows that its British and Irish business wasn’t immune to that, although it remains a key beauty operator.
The accounts cover the 12 months to the end of June 2025 with turnover falling to £326.3 million from £335.3 million. The gross profit margin dropped to 40.9% from 41.4% and operating profit was down to £7.6 million from £8.6 million while the operating profit margin narrowed to 2.3% from 2.6%.
But there was better news on profit before tax as it jumped to £9 million from a loss of £53.4 million the year before. Net profit also moved in the right direction, reaching £7.1 million after the £56.8 million loss in the previous year.
Not that this tells the whole story. In the previous year the owner of key brands such as Rimmel London and Cover Girl had swung from a pre-tax profit of £9.9 million to a loss of £53.4 million. But the accounts statement listed a £134.7 million one-off impairment charge for the year. Without that it had seen an increase in both turnover and operating profit.
That wasn’t the case this time on the turnover front as the company said the business “experienced a slowdown in retail demand in the consumer beauty business leading to a 2.7% reduction” in turnover.
And of course, the absence of any impact impairment charges is what was behind the big difference in the profit figure, showing that the business does remain very profitable. The directors also said that they consider the reduced 2.3% operating margin to be “acceptable”.
During the year, Coty maintained its media investment across both consumer beauty and prestige brands, focusing on major celebrations to drive sales. Additionally it invested in enhancing online platforms to further promote sales and strength and digital engagement.
It will be interesting to see what the 2025/26 results show this time next year. As mentioned, the global parent company has been facing challenges and this has led to it reviewing its overall strategy.
Back in September it said that it had launched a strategic review of its consumer beauty business that could lead to the sale of some brands as it plans to focus on its more profitable fragrances unit.
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Fashion
Talks regarding EU-Bangladesh CPA to be finalised soon: EEAS official
She said this while meeting Bangladesh Chief Adviser Muhammad Yunus in Dhaka.
Talks on a comprehensive partnership agreement between the EU and Bangladesh will be finalised soon, Paola Pampaloni, acting managing director for the Asia-Pacific at the European External Action Service, has said.
She said the head of the EU Election Observation Mission would arrive in Bangladesh later this week and is expected to hold a series of meetings with political leaders and relevant authorities.
The CPA negotiations were initiated in November 2024 after 20 years during which there was a general partnership agreement.
She said the head of the EU Election Observation Mission would arrive in Bangladesh later this week and is expected to hold a series of meetings with political leaders and relevant authorities, according to domestic media reports.
Yunus said both the February 12 general elections and the referendum are crucial for Bangladesh’s democratic transition.
Fibre2Fashion News Desk (DS)
Fashion
Turkiye’s CPI for clothing-footwear up 6.5% YoY in Dec 2025
It increased by 30.89 per cent on the December 2024 figure and on a twelve-months moving averages basis, it rose by 34.88 per cent in the month.
Turkiye’s CPI increased by 30.89 per cent YoY and 0.89 per cent month on month (MoM) in December 2025, according to the Turkish Statistical Institute.
It increased by 30.89 per cent on the December 2024 figure and on a twelve-months moving averages basis, it rose by 34.88 per cent in the month.
The clothing-footwear CPI rose by 6.5 per cent YoY and decreased by 2.94 per cent MoM in the month.
The CPI for clothing and footwear increased by 6.5 per cent YoY and decreased by 2.94 per cent MoM in the month.
Fibre2Fashion News Desk (DS)
Fashion
Vietnam’s GDP growth beats forecasts despite US tariff pressure
Vietnam’s economy has expanded by 8.5 per cent year on year in the fourth quarter of 2025, outperforming expectations and lifting full-year GDP growth to 8 per cent, according to analysis by BMI, a Fitch Solutions company. Despite falling short of the government’s 8.4 per cent target, the result exceeded BMI’s earlier 7.4 per cent forecast.
International trade was the key growth driver. Exports and imports surged 16.3 per cent and 17.1 per cent respectively in 2025, a notable rebound despite Vietnamese shipments to the US facing 20 per cent tariffs imposed under President Donald Trump. Manufacturing and construction together contributed around 3.5 percentage points to overall growth, helped by strong real estate activity and robust goods production.
Looking ahead, BMI now expects GDP growth of about 7.2 per cent in 2026, revising up its earlier 7 per cent estimate. Investment growth between 2023 and 2025 has nearly doubled, expanding productive capacity, BMI said in a release.
In parallel, general secretary To Lam has approved reforms aimed at liberalising the private sector, including preferential credit for small and medium enterprises and enhanced tax deductions for research and development.
While growth is unlikely to reach the government’s longer-term 10 per cent ambition during 2026-2031, faster reform implementation could lift near-term output. However, risks remain balanced. A sharp property market correction or a potential increase in US tariffs to 40 per cent, if Vietnam is accused of trans-shipping Chinese goods, could weigh heavily on growth.
Vietnam’s economy grew strongly in 2025, with Q4 GDP up 8.5 per cent, lifting full-year growth to 8 per cent and beating BMI forecasts despite missing the 8.4 per cent target.
Trade and investment drove growth even as US tariffs weighed.
GDP is seen growing 7.2 per cent in 2026, supported by private-sector reforms, though tariff risks persist.
Fibre2Fashion News Desk (HU)
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