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...This is an audio transcript of the Life and Art from FT Weekend podcast episode: ‘L&A — What young wine drinkers want’ Lilah Raptopoulos This is Life and Art from FT Weekend. I’m Lilah Raptopoulos....
...The chief executive of L’Oréal, the world’s biggest beauty company, has predicted that price increases will slow this year after they helped to propel growth in the global beauty market for the past three...
...Nicolas Hieronimus said he expected industry-wide price rises to fall back to about 5 per cent in 2024, in line with pre-pandemic averages, from a sector average of 8 per cent in 2023 as the cost of supplies...
...But then a happy, appreciated team — and the staff, many of whom have worked here for decades, are great — is what makes a wonderful hotel, and De L’Europe is one I’m always delighted to stay at....
...“I’m interested in small phenomena and how to harness those things to have, on a more macro level, an effect.”...
...Also on a multiple of sales, L Catterton’s offer looks underwhelming — just 1.7 times this year’s revenues. For reference, the buyout group recently floated Birkenstock at 5.5 times sales....
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...Alongside her career as an artist, Derhy, 38, is also the founder of Le Cercle de L’Art, an all-female collective that is rethinking the way artists navigate their careers....
...Beginning with early-’90s performances in punk clubs, the show spans three decades of short films and installations, including F.A.M.I.L.Y, a year-long Instagram collaboration with seven other performers...
...Shares in Hermès rose 5.1 per cent, helping the company overtake L’Oréal to become the second most valuable firm in France’s blue-chip Cac 40 index....
...per cent to 5.5 per cent target range....
...Peers e.l.f. Beauty, Coty and Estée Lauder were lower by 9.7 per cent, 5.1 per cent, and 4 per cent, respectively....
...L’Oréal: Shares dipped 5 per cent after the French cosmetics company reported €41.18bn in sales last year, up 7.6 per cent from the previous year but below consensus estimates and the double-digit growth...
...“I know I’m in a precarious position but even if mortgage rates fall, I think there will be a lag before that feeds through to greater demand,” he says....
...“I’m used to this kind of speculation . . . but it makes no sense as we could have sold the group directly to LVMH if that’s what we wanted,” he said....
...For most of the post-08 period that yielded next to nothing — and possibly explained at least some of the downgraded performance of L/S funds — but now a hedge fund treasurer can easily generate 4-5 per...
...Even if Machin succeeds in lifting M&S’s market share by 1 percentage point, it will still have under 5 per cent of the UK grocer market. That is not to say a spruced-up app is a dud....
...Its leverage, too, should reach an acceptable 2.5 times ebitda after the IPO, down from near 5 times today....
...When l told my wife, she asked if I’d lost the house (which we owned outright). l said, no, even l was not that stupid. She then laughed and said that it ‘doesn’t really matter much then’....
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...The situation was no longer “like it was 20 years ago, where 5,000 troops could go in there and squash everything and be in total control in 72 hours”, he said....
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