Hints and tips:
...Italian luxury bag and shoemaker Tod’s plans to go private in a deal with LVMH-backed private equity firm L Catterton, ending more than two decades as a public company on the Milan stock exchange....
...That partner has now arrived in the form of LVMH-backed private equity firm L Catterton and a deal that will bring down the curtain on Tod’s more than two decades as a public company on the Milan stock exchange...
...Beauty groups L’Oréal and Shiseido have long made waves with their splashy acquisitions, but their little-known Spanish peer Puig has also got in on the act by pitching itself to brand founders as a “flexible...
...Galderma, one of the world’s largest dermatology companies, also this week announced plans to list, aiming to raise $2.3bn on the Swiss stock exchange....
...The Lotus filing also warned of several risks to the company, including several stemming from its Chinese ownership and location, as it plans to list on the New York Nasdaq exchange....
...After a big run-up in technology stocks in 2023, it also presents a serious risk for investors....
...Aesop will join a stable of high-end brands already owned by L’Oréal, including Lancôme and Kiehl’s, helping it compete with rivals like US-listed Estée Lauder, which acquired boutique luxury fragrance and...
...Its model has been widely adopted across Canada’s public sector — CPP Investments, established in 1999 to oversee and invest the assets of the Canada Pension Plan, has grown from just C$12mn to C$536bn and...
...Seven of the 10 employee representatives on Deutsche Bank’s board have decided to leave the governance body, Bloomberg reports....
...Related news: L’Oréal, the world’s biggest cosmetics maker, has suspended advertising spend on Twitter, as brands grow nervous that inappropriate content will spread on the platform under Musk’s ownership...
...That’s F-L-I-C. For more information about your rights as a tenant, do check out the Generation Rent website. Jason Butler is on Instagram and Twitter. He’s @jbthewealthman. Timi is @mrmoneyjar....
...He’s a shareholder in the parent company, and it was also the first crypto-trading platform on the Toronto Stock Exchange....
...The stock is now trading at 1.2x EV/Sales in cal ‘21E....
...Stuart Burgdoerfer, L Brands chief financial officer and interim chief of its subsidiary Victoria’s Secret, will retire in August following the company’s proposed spin-off of the ailing lingerie chain from...
...Here’s Kempen (“neutral”, 78p target): [Not] a surprise as it was leaked on Monday, but Hammerson plans to raise £525m as well as dispose of its 50% share in VIA Outlets to existing JV partner APG for c...
...of brand rights to Schweppes....
...Because of its merger with Sprint in Apr-20, TMUS's portfolio of spectrum below 6 GHz is now c.3x that of Verizon and c.2x that of AT&T....
...In the 2014 film Kingsman, Samuel L Jackson tells Colin Firth that a McDonald’s cheeseburger “goes great with this ’45 Lafite”....
...Quite a lot of the product delivered that’s not own-brand seems to be from companies THG names as customers of the retail shopfront bit, THG Ingenuity: names like Revolution Beauty, Elemis / L'Occitane and...
...France L&S and Italy will not pay dividends this year, and XL Bermuda is unlikely to. The slack is only partly taken up by France P&C which is over distributing....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...One increasingly popular option among his clients is employee ownership trusts. These allow business owners to give their employees indirect ownership of the company which employs them....
...Sycamore had sued to walk away arguing that the employee furloughs and other measures taken in response to the pandemic had damaged the business. L Brands countersued to enforce the agreement....
...at the ‘C-suite’....
...C&H store sales are down by nearly half and that is despite the discounting of many lines to get them out of the door. Management has booked extra warehouse space to ‘over-winter’ some stock. . . ....
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