Hints and tips:
...Earlier this year, L’Oréal snapped up minimalist soap maker Aesop in a $2.5bn deal....
...Additional reporting by Adrienne Klasa in Paris and Arash Massoudi in London...
...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....
...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...
...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 . . ....
...L’Oréal’s specialist beauty division, which caters to professionals and is largely focused on haircare, delivered €4.6bn in sales after growing 7.6 per cent on a like-for-like basis last year....
...Paris-based L’Oréal has also benefited from the strong global beauty market since the pandemic to increase annual revenues nearly 40 per cent compared to 2019 — although 2023 sales were below expectations...
...Crédit Agricole’s stance was first reported by online publication L’Informé....
...French beauty company L’Oreal grew its sales in the third quarter despite a more muted than expected recovery in China....
...Growth was slowest in L’Oréal’s luxury division, which improved 3.2 per cent....
...Hieronimus, a L’Oreal lifer who was appointed chief in 2021, insisted L’Oreal would maintain financial discipline, “When there’s an opportunity, we look at it [but] we are very disciplined in how much we...
...At the time the company said it wanted to tap pools of European investors and sector expertise in a market that is also home to L’Oréal, the world’s biggest beauty company by sales....
...Puig is small compared with sector-leading peers L’Oréal and Estée Lauder, but has grown rapidly through acquisitions in the past decade, striking 11 deals in the past 12 years....
...Additional reporting by Adrienne Klasa An earlier version of this story incorrectly stated that Kerring owned Loro Piana....
...Additional reporting by Adrienne Klasa in Paris Florasis has clarified that its R&D spend is Rmb1bn, not Rmb 10bn as originally stated...
...L’Oréal, the world’s biggest beauty company, despite higher prices and a rocky start in the key Chinese market due to the lingering effects of Covid restrictions....
...That brightening outlook is tempting others including CVC Capital, General Atlantic and L Catterton to follow suit. CVC is likely to be the first to take the plunge next year....
...Meanwhile, an attack on Saturday on the house of a Vincent Jeanbrun, a mayor in the southern Paris commune of L’Haÿ-les-Roses, was condemned by politicians....
...Borne, who visited the mayor of L’Haÿ-les-Roses with Darmanin to show their support, described the attacks on mayors as “intolerable”....
...Currys, which held its final dividend this week, might count as a cyclical stock. Consumers are more likely to splash out on electronic goods when interest rates are low and the economy is booming....
...L’Oréal has the firepower to do deals after several years of strong sales....
...Paris is home to the sector leader and world’s biggest beauty company L’Oréal, in addition to luxury groups such as LVMH and Kering for whom Coty is a major supplier of perfumes....
...Hieronimus forecast that the beauty industry would grow 4 to 5 per cent in 2023 and said that L’Oréal would be able to outperform the market....
...It is now almost double the size in terms of market valuation of beauty group L’Oréal, the world’s largest cosmetics company and the next biggest French-listed group....
...Kering had a beauty business until the mid-2000s under its YSL Beauté brand, but it remained small and was sold to L’Oréal for €1.15bn in 2008....
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