Latest news with #Holland&Barrett
Irish Times
2 hours ago
- Business
- Irish Times
Healthy returns at Holland & Barrett
Health foods are proving healthy for the bottom line at the parent of retailer Holland & Barrett, which saw its 66 Irish outlets deliver sales of just over €1 million each last year, on average. Turnover rose almost 18 per cent to €66.4 million over the 12 months to the end of September last, although rising costs saw pretax profits slip 37 per cent to €2.65 million compared with €4.2 million the previous year. Attention to detail is evident in disclosures that the business monitors average footfall per store, average items per basket and average transaction value 'on a regular basis'. That data presumably helped the wellness group make the case for the expansion that saw it add seven stores to its Irish business last year compared with just two in 2023. Allowing for two closures, the group now has 66 outlets. READ MORE It's all a far cry from the tumult of war that has been rumbling in the background at ultimate parent, Luxembourg-based LetterOne Investment Holdings, which bought Holland & Barrett back in 2017 for £1.77 billion. LetterOne was cofounded in 2013 by Russian oligarchs Mikhail Fridman and Petr Aven, largely on the back of proceeds of the sale of Russia 's third-largest oil producer TNK-BP to state-controlled Rosneft. When Russia invaded Ukraine , the European Union almost immediately imposed sanctions on both men who quickly stepped aside from their roles at the investment group even while protesting the EU move. At the time, LetterOne chairman Mervyn Davies and chief executive Jonathan Muir noted the LetterOne assets of the two men who 'own less than 50 per cent' of the business were 'effectively frozen'. The affair has rumbled on in the background with the EU's second-highest court last year ruling that the imposition of sanctions on the two men was unfair. Neither appears to have returned to their board positions thus far. Back at Holland & Barrett, the business last year paid a dividend to its owners of €59.14 million. On the basis of the company statement when they stepped down, neither Aven nor Fridman will see any of that. With all that drama, perhaps no one will notice that the director's report of the Irish business managed to consistently misspell their own company's name. Attention to detail indeed.
Irish Independent
4 hours ago
- Business
- Irish Independent
Holland & Barrett enjoys healthy revenues on back of store network expansion
Today at 21:30 Pre-tax profits at the Irish unit of health and wellness retailer Holland & Barrett decreased by 37pc to €2.65m last year due to expansion costs. Accounts filed by Holland & Barrett Ltd show profits decreased as revenues rose by 17pc from €56.29m to €66.36m in the 12 months to the end of September last. Register for free to read this story Register and create a profile to get access to our free stories. You'll also unlock more free stories each week.
Scottish Sun
3 days ago
- Business
- Scottish Sun
Popular chain with more than 1,600 stores to ‘close high street branch' in blow to shoppers
SHOPPERS were saddened to hear a popular chain with more than 1,600 stores is set to close a beloved branch. Holland & Barrett are reportedly shuttering a once-thriving site imminently, in yet another blow to the high street. 1 A site in Inverness may be axed soon, although no dates have been confirmed Credit: Getty Residents in Inverness, Scotland, were disappointed to see a "closing soon" sign taped to their local store. "We're sorry this store is closing soon but you can still shop at it read. Holland & Barrett is one of the UK's leading health stores and is known for selling a range of vitamins, vegan food and beauty products. The company have not given an official shut down date as of yet, as reported by the Inverness Courier. It is understood the lease on the shop may be up for renewal soon, which may have led to decisions being made around potential closure. However, it is not known whether Holland & Barrett could re-open at a new site nearby. This comes after the company announced plans to roll out more than 30 new UK stores as part of a three-year mission. It will also be transforming 320 existing sites, as well as launching new brands both in the UK and internationally. And, in its annual report, Holland & Barrett recorded double-digit growth for the second year running. The firm boasted a 10 per cent year-on-year sales growth in the last financial year, and £524.2million in profit. Scottish vintage clothing store launches huge closing down sale with 80% off It added: "As a result, confidence is high that the company will see a third consecutive year of strong growth driven by the significant acceleration of online in fiscal year 2025." Holland & Barrett were contacted for comment This comes follows the closure of a branch on Hanley's high street in Stoke on Trent bit the dust. They were forced to relocate, and ahead of the move, Holland & Barrett said: "We can confirm we will be closing H&B Hanley later next month and opening our new, bigger and better store in The Potteries Centre. 'We are delighted to be opening a larger store with an even wider range of products and an increased store team of experts to support the community on their wellness journeys. 'We look forward to welcoming our customers from our Hanley store soon.' Meanwhile, not long ago the company confirmed its shops in Chard, Somerset, and Frinton-on-Sea, Essex, would be closing their doors. This comes ahead of more closured from major retailers this month as the high street continues to face difficulties. This year businesses have faced increased costs due to Government changes announced in the Budget. An increase in employer National Insurance contributions, energy and rent costs and lower customer footfall have all piled on pressure. As a result, some retailers have been forced to hike prices, review expansion plans and reduce the number of stores they have. But remember, retailers regularly close shops for a number of reasons, not just because they are struggling. For example, they may have a nearby store that is performing better or may want to move to a location that will have a higher footfall, such as a retail park. Here is a full list of the shops we know are shutting in June 2025. They include, but aren't limited to, The Original Factory Shop, Poundland, and The Works.
North Wales Live
22-05-2025
- Health
- North Wales Live
Get £5 Off When You Spend £30 In-Store at Holland & Barrett - Grab your super supplements today!
Looking to feel your best, inside and out? From superfoods to super supplements, Holland & Barrett has hundreds of ways to support your health and wellbeing — all under one roof and all at incredible value. Whether you're powering your day with our H&B Tribiotic, boosting focus with our Trail Mix, or nourishing your skin with Type II Collagen, there's something for every health goal. Claim your £5 off when you spend £30 voucher today — simply fill out the form below, and we'll send it straight to your inbox. (Don't forget to check your junk or spam folder, just in case!) Then, head to your nearest Holland & Barrett store and enjoy £5 off when you spend £30 or more. It's that easy! Terms and Conditions This voucher provides you with £5 off when you spend £30 or more in-store at any UK Holland & Barrett store until 5th of June. Offer is valid in UK stores only. Offer valid 22nd of May 2025 to 5th of June 2025. This voucher is valid for one-time use on in-store, available items only. The voucher can be used in conjunction with any promotion in store. The voucher cannot be used in conjunction with student discount, blue lights discount, vegan society discount or any online discounts that can be used in store.
Wales Online
22-05-2025
- Business
- Wales Online
Get £5 Off When You Spend £30 In-Store at Holland & Barrett - Grab your super supplements today!
Get £5 Off When You Spend £30 In-Store at Holland & Barrett - Grab your super supplements today! Holland & Barrett are Here for every body this spring - with £5 off when you spend £30 in-store Looking to feel your best, inside and out? From superfoods to super supplements, Holland & Barrett has hundreds of ways to support your health and wellbeing — all under one roof and all at incredible value. Whether you're powering your day with our H&B Tribiotic, boosting focus with our Trail Mix, or nourishing your skin with Type II Collagen, there's something for every health goal. Claim your £5 off when you spend £30 voucher today — simply fill out the form below, and we'll send it straight to your inbox. (Don't forget to check your junk or spam folder, just in case!) Then, head to your nearest Holland & Barrett store and enjoy £5 off when you spend £30 or more. It's that easy! Article continues below Terms and Conditions This voucher provides you with £5 off when you spend £30 or more in-store at any UK Holland & Barrett store until 5th of June. Offer is valid in UK stores only. Offer valid 22nd of May 2025 to 5th of June 2025. This voucher is valid for one-time use on in-store, available items only. The voucher can be used in conjunction with any promotion in store. The voucher cannot be used in conjunction with student discount, blue lights discount, vegan society discount or any online discounts that can be used in store.
