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Sport
Red Bull turmoil is ‘damaging’ F1, says boss of governing body
...Red Bull Racing, the F1 team owned by the Austrian energy drinks group, declined to comment....
March 1, 2024
LexL'Oreal SA
Rare stumble has investors wondering if L’Oréal still worth it Premium content
...To begin with, L’Oréal’s problem was specific to its North Asia region. Sales there account for almost 30 per cent of the group total....
February 9, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Luxury goods
Tod’s plans to delist from Milan stock exchange
...Following the transaction, which was announced late on Saturday, L Catterton would have a 36 per cent stake in Tod’s while the Della Valle family, which currently controls the group, would retain its majority...
February 11, 2024
InterviewVisual Arts
Artist Pope.L’s last interview: ‘I try to set up mysteries for people’
...The marigolds lead to a butcher’s curtain that encloses a projection of Pope.L’s film “Small Cup” (2008), in which a group of hens and goats demolish what resembles the Capitol building in Washington, DC...
January 5, 2024
News updates from October 19: Jordan pauses US Speaker bid, Canada to pull dozens of diplomats from India
L’Oreal misses sales forecasts after ‘muted’ China recovery
...Sales at the group, which owns brands such as Garnier and Lancôme, grew 11.1 per cent on a like-for-like basis for a total of €10bn in the quarter ending September 30, coming in just below consensus analyst...
October 19, 2023
Sport
Formula E puts new grid spot up for sale as it tests electric racing demand
...Some destinations include two days of racing, in a nod to the group’s focus on sustainability....
April 5, 2024
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
LexPuig SA
Why the owner of Paco Rabanne will attract interest in its IPO Premium content
...That would be well below L’Oréal on 20 times and below the 12 times that Coty and L’Occitane trade at. Spain’s largest IPO in years is so far looking good. andrew.whiffin@ft.com...
April 8, 2024
L'Oreal SA
L’Oréal sales growth curbed by muted recovery in China
...The ability to move growth around the group is clearly at work and shows how L’Oréal can continue to grow, even when a major part of its business is having a problem.”...
October 19, 2023
News updates from April 3: Iger defeats Peltz in Disney proxy war; Eurozone inflation falls to 2.4%
Cosmetics groups slide on demand slowdown warning from Ulta Beauty
...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....
April 3, 2024
LexTod's SpA
Tod’s owner bid hardly looks luxurious for minority investors Premium content
...The luxury shoemaker’s controlling shareholder, Italian entrepreneur Diego Della Valle, has teamed up with LVMH-backed private equity group L Catterton to take Tod’s private....
February 12, 2024
Legal & General Group PLC
Legal & General’s new chief promises ‘simpler investment case’
...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
March 6, 2024
InterviewThe Art Market
Parisian collective aims to put female artists on a firm financial footing
...Not only did students organise their own exhibitions, but simply “being among a group of 120 painters for two years, discussing painting, was an inspiration”....
April 8, 2024
News in-depthHaiti
Haiti nears transitional government in stand-off with gangs
...“This is an act of defiance to show that even the most powerful are not beyond the reach of the gangs,” said Diego Da Rin, a Haiti analyst for the International Crisis Group....
March 22, 2024
News updates from February 9: S&P 500 finishes above 5,000, Sunak notches capital gains of £1.8mn in 2023
European stocks slip lower as Hermès ups French ranking
...European stocks slipped on Friday as investors weighed a flurry of mixed corporate results, including strong performance from luxury group Hermès and disappointment from cosmetics giant L’Oréal....
February 9, 2024
News in-depthTod's SpA
Diego Della Valle cements French connection with planned Tod’s delisting
...If the parties involved in the deal cannot reach the 90 per cent ownership threshold needed to delist the company, L Catterton has said it will take the group private by merging it into the vehicle it used...
February 17, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Personal & Household Goods
PAI Partners strikes €330mn deal for Italian haircare group Beautynova
...French luxury group Kering’s€3.5bn acquisition of fragrance brand Creed fetched a multiple of about 23 times ebitda, while L’Oréal snapped up Aesop — the minimalist maker of high-end soaps — in a $2.5bn...
March 18, 2024
ReviewAlbums
Les Amazones D’Afrique: Musow Danse — Congotronic hustle
...On her way out of the group, former Amazone Rokia Koné bequeathed them Jacknife Lee, the producer of her striking second album, Bamanan....
February 7, 2024
News in-depthLegal & General Group PLC
Legal & General faces pivotal moment under new boss
...L&G declined to comment....
December 28, 2023
News updates from March 8: US adds 275,000 jobs in February; Bitcoin and gold touch new highs
SoulCycle and Pure Yoga owner Equinox raises $1.8bn from private investors
...The group also includes executives of Related Companies, private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017. Read more here...
March 8, 2024
FTX Trading Ltd
FTX update, Alameda P&L edition
...In the chart above, the “Digital Assets A” group is liquid crypto including Bitcoin, Ethereum and the relatively-not-illiquid Solana....
September 12, 2023
News updates from March 8: US adds 275,000 jobs in February; Bitcoin and gold touch new highs
JDE Peet’s replaces CEO and chair with ex-M&S boss Luc Vandevelde
...European coffee group JDE Peet’s is replacing its two top executives as controlling shareholder JAB Holding seeks to shake-up the owner of L’Or, Kenco and Douwe Egberts following a long period of underperformance...
March 8, 2024
News in-depthChinese business & finance
China’s start-ups take on big global beauty brands
...Joy Group has also set up operations in countries including Japan, Malaysia and Canada....
February 2, 2024
Food Prices
UK competition regulator raises price concerns over sugar deal
...“The prices rose dramatically after the Russian invasion [of Ukraine], as the price of natural gas increased,” said Julian Price, executive director at ACP/LDC Sugar Industries Group....
March 8, 2024
European equities
Europe’s ‘Granolas’ fuel record stock market surge
...The crunchy acronym was coined by Goldman Sachs for pharma companies GSK and Roche, Dutch chip company ASML, Switzerland’s Nestlé and Novartis, Danish drugmaker Novo Nordisk, France’s L’Oréal and LVMH, the...
February 23, 2024
FT GlobetrotterFT Globetrotter’s month-by-month guide to what’s on in our cities
What’s happening in Paris: FT Globetrotter’s month-by-month guide to 2024
...It will host some of the most important and impactful contemporary art in the world, representing 136 galleries from 25 countries....
February 7, 2024

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