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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....
...Paul L Colby Alexandria, VA, US...
...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...
...More to the point, it carries a 40 per cent premium to the fast expanding luxury juggernaut LVMH. That sort of gap is only justified if L’Oréal is a significantly safer bet....
...Rapid growth in emerging markets including India, Brazil and Mexico provided a boost, accounting for 15 per cent of L’Oréal’s annual sales, but 30 per cent of its growth....
...None more so than the venerable De L’Europe, which has stood at the confluence of the Amstel river and two canals since 1896 and is just completing a five-year renovation....
...L Catterton said in a statement that the “delisting is a precondition to ensure the pursuit of the [Tod’s] future growth programs [sic] and consolidation . . ....
...“When it’s gone, it’s gone, we can’t have a 13th team on the grid,” Dodds said. “We can’t sell it twice.”...
...It’s not like working with a human being . . . they have to be poetic; they have a material mind of their own that you don’t have to teach.”...
...If the artist doesn’t have any pre-existing collectors, in most cases it won’t work so well — although often we are surprised.” This year, the artists’ ages range from 26 to 65....
...Before I experienced Barkley L Hendricks’ revelatory retrospective at the Studio Museum in Harlem in 2008, I had never seen more than a couple of his works at a time....
...French beauty company L’Oréal increased sales in the third quarter despite a more muted than expected recovery in China and a fall in travel retail in Asia....
...“I don’t see [the transitional council] functioning,” said Jacky Lumarque, rector of the Quisqueya private university in Port-au-Prince....
...French beauty company L’Oreal grew its sales in the third quarter despite a more muted than expected recovery in China....
...Charles Palmer Auckland, New Zealand...
...Free cash flow, however, reconciles those book accounting accruals of the P&L ledger to capture the real flows of actual dollars coming in and out....
...Then the enterprise value to ebitda multiple would be 10.5 times at a €10bn valuation. That would be well below L’Oréal on 20 times and below the 12 times that Coty and L’Occitane trade at....
...“A number of foreign companies didn’t catch up with the trend, but Chinese brands did,” he said. L’Oréal, for example, only started ramping up its marketing on Douyin in 2023....
...Shepherdson argues that declining S&L tax revenue augurs poorly for future S&L spending, as this chart shows: It’s a reminder to investors that markets are sensitive to changes, not levels....
...The Competition and Markets Authority warned on Friday that T&L Sugars’ purchase of the Tereos unit that makes Whitworths and private-label sugars could leave only two large suppliers in the UK, leading...
...de l’Enfant Jesus, which put the kibosh on any suggestion that Beaune’s terroir doesn’t produce wines capable of graceful evolution over many, many decades....
...Jimmy Cherizier, a feared gang leader also known as “Barbecue”, said in a street-side press conference in Port-au-Prince on Tuesday that “if Ariel Henry doesn’t step down, if the international community...
...isn’t exactly new, but there are some fun details nevertheless....
...That would bring them back to where they were a decade ago. Also on a multiple of sales, L Catterton’s offer looks underwhelming — just 1.7 times this year’s revenues....
...This collaboration marks an extension of his homeware offering, after candles, crystal barware and his 2018 Classic Suit Sleeping Bag, featuring a trompe-l’oeil grey suit embroidered onto the front....
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