LONDON — September is shaping as much as be a landmark month for Marks & Spencer, which is returning to the elite FTSE 100 index of the London Stock Exchange on the back of sales and profit growth, and investing further in its beauty business.
Third-party brands are proving to be big money-spinners for the division and now represent 42 percent of total sales at M&S Beauty.
The shop said it has been seeing a big crossover between clothing, home and wonder customers, and next month it'll begin stocking greater than 30 Estée Lauder fragrances in-store and online. This week the retailer launched Floral Street, the indie fragrance brand owned and run by Michelle Feeney, a former Estée Lauder Cos. executive.
Although...
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