Hints and tips:
...Local companies are nipping at the heels of global names such as L’Oréal, Estée Lauder and Shiseido in China, the world’s second-biggest beauty market by sales....
...He self-describes as a “big R” Republican and a “little L” libertarian. He’s non-interventionist, but this is not as counterintuitive as it sounds....
...Through the sale of bracelets and pendants, the brand has raised more than $20mn to provide water, immunisations and educational tools to those in need. louisvuittonforunicef.com V is for Visual AidsAcne...
...R Retirement You can do it when you’re 25 and ranked world number one (Ash Barty). You can decline to do it when you’re 40 and no longer world number one (Roger Federer)....
...The independently owned brand, run by a team of 25 in Paris, doesn’t release its sales figures and is clearly a niche business....
...“I saw the kimono exhibition at London’s V&A before things closed down – I often go there for inspiration,” she says....
...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....
...Unquestionably, China (14% of group sales in FY19) continues to be a stand-out success story for L’Oréal; we expect the beauty category in China to register HSD growth this year and for L’Oréal to outperform...
...the ‘WorkFromHome’ constituency blends with the ‘at work’ world....
...Here’s Investec (sell) to summarise: [L]ockdowns are impacting consumption in North America (c. 30% of sales), Europe (c. 20% of sales), India (c. 10% of sales), Africa (12% of sales) and many countries...
...higher level (c.£450mn)....
...The resulting collection will comprise 16 limited-edition books, which will be sold with 15 per cent of sales going to Human Rights Watch....
...Morrison states that LFL sales growth for the first six weeks of the new financial year is 5.0%, having been flat after 4 weeks, implying that LFL sales are up c+15% over last two weeks....
...non-contracted commercial and c.10% product sales....
...The shares currently trade on a 2020E PE multiple of c.17 times and an EV:Sales multiple of c.0.92 times in the context of Group margins of c.7.6%....
...The V-shaped recovery in consumer spending feels too bullish in our view....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...And GTA V’s publisher Rockstar has a history of delaying titles in the name of quality; GTA V, Red Dead Redemption, RDR2, Max Payne and L.A. Noire were all delayed....
...The group has c.2.7x ND/EBITDA against a covenant of 4.25x....
...Containment of the number of new cases has been impressive in mainland China, and we now expect a V-shaped recovery from the second quarter onwards there....
...Valves Group All3Media International Allstate Northern Ireland Ampetronic A-Safe (UK) Aspen Pumps Axis Productions B The Berkeley Group Holdings BT Technology, Services and Operations Bute Fabrics C...
...Combined pro forma 2008 sales amounted to about $8.5bn, with significant growth potential given the rising incidence of eye problems in an ageing population....
...Brazil with expected sales for 2009 of $130m and clients as diverse as L’Oreal and Banco Real....
...R is for real sport Olympic organisers, working on the principle that “real sport is pure human energy”, have set up what they call a “world-class anti-doping programme” at Vancouver....
...A B C D E F G H I J K L M N O P Q R S T U V W X Y Z6. The alphabet is here to help you with these questions....
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