Cosmetics, skincare and fragrance powerhouse Charlotte Tilbury has generated 150 new positions whilst its profit soared by more than a quarter throughout its most recent financial year, fresh figures have disclosed.
The London-based enterprise has recorded a pre-tax profit of £18.3m for 2024, climbing from the £14.4m it secured in the previous 12 months, as reported by .
Fresh accounts lodged with Companies House additionally reveal the average workforce the brand maintained during the year expanded from 704 to 853.
Its turnover similarly climbed in 2024 from £448.5m to £487.3m, building on Charlotte Tilbury's remarkable sales surge of nearly £140m in the preceding year.
A declaration endorsed by the board stated: "The company continued its expansion and global growth to fulfil its purpose to 'give everyone the right beauty wardrobe so they can conquer their world'."
"This included consistent growth across existing markets plus successful new market launches in Czech Republic, Turkey, Austria, Denmark and Portugal, and expansion of 1,500 additional doors globally including own-store openings in Miami in the US and Glasgow and Liverpool in the º£½ÇÊÓƵ."
Puig to take full control of Charlotte Tilbury
The enterprise was established in 2013 by Charlotte Tilbury, who continues as its chair.
A controlling interest was purchased by Spanish cosmetics and fragrance giant Puig in 2020 for £1.3bn.
These results emerge following reports at the close of 2024 that Spanish beauty and fragrance conglomerate Puig was set to extend its stake in Charlotte Tilbury through to the end of 2030. The agreement would allow the eponymous founder to maintain a minority stake, with Puig gradually increasing its shares in the company until the beginning of 2031.
The financial performance of Charlotte Tilbury follows a report by City AM in June that both sales and profit had surged at Refy, the beauty brand co-founded by British model, social media influencer and entrepreneur Jess Hunt. The Manchester-based firm, which Hunt launched alongside CEO Jenna Meek, reported a turnover of £40.3m for the year ending 31 August, 2024, according to accounts filed with Companies House.
This figure represents an increase from Refy's previous 12-month turnover of £24.8m. In the º£½ÇÊÓƵ, Refy's turnover rose from £10.4m to £13.6m over the year, and from £1.8m to £3m in the rest of Europe.
The accounts also revealed that Refy's pre-tax profit grew from £8.9m to £13.2m over the year, while its staff numbers increased from 48 to 94.
