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Anthony Houghton on Holland & Barrett’s epic turnaround
By Stephen Jones2026-03-13T12:44:00
Holland & Barrett has been transformed to take advantage of a ‘structural shift’ towards wellness, now group CEO Anthony Houghton has his sights on its next chapter.
Four years ago, Holland & Barrett was in poor health. Mired in £700m of debt, losses grew to £31.5m as it endured a bitter dispute with suppliers over late payments.
Today, it’s a business transformed. Latest results to September 2025 showed revenue growth hit double figures for the third consecutive year, growing 11% to £981m. Gross profits surged to £579.9m following its “strongest ever” year of trade. Reports also suggest its tetchy relationship with suppliers is a thing of the past.
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