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...by sales, where all four of its biggest brands grew by double digits driven by demand in Europe....
...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 . . ....
...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...
...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....
...However, the company would also take into account the potential benefits new teams could bring to grow the wider sport in the form of hospitality and brand recognition....
...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...
...It may well be that L Catterton’s offer squeaks through. Turnarounds are easy to imagine but hard to pull off. Tod’s has attempted one for years. Its brand has lost some cachet, too....
...The deal with L Catterton has revived speculation among industry insiders and analysts that LVMH could eventually buy Tod’s, adding to its stable of clothing and apparel brands which also include Christian...
...“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....
...L’Objet Sumi collection, from £30....
...Swaths of the capital lost power early this week after four substations were destroyed. The gangs, who control about 80 per cent of the capital, have also raided the main fuel terminal....
...Sales at the group, which owns brands ranging from Garnier to Lancôme, grew 11.1 per cent on a like-for-like basis in the most recent quarter ending on September 30, reaching €10bn, just below consensus...
...the merits of returning capital to shareholders....
...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...
...Alongside her career as an artist, Derhy, 38, is also the founder of Le Cercle de L’Art, an all-female collective that is rethinking the way artists navigate their careers....
...British Sugar is owned by Associated British Foods, which also owns Primark as well as brands ranging from Twinings to Patak’s....
...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...
...The flotation of Puig, which bills itself as a “premium beauty” group, is likely to be the biggest in luxury in terms of capital raised since Ermenegildo Zegna in 2021....
...There are plenty of things I take for granted, but being able to catch an underwater train from central London to the wine capital of Burgundy in just a few hours is not one of them....
...Authorities reported a second mass jailbreak from the Croix des Bouquets prison, which holds 1,450 people, on the capital’s outskirts....
...The New York-based designer is collaborating with the Italian heritage brand on a collection of bed and bath accessories, which will launch this month at Milan Design Week....
...The likes of Nestlé, Unilever, Lindt and L’Oreal sport an average return on capital employed of about 15-20 per cent, says Bruno Monteyne at Bernstein. PepsiCo’s is 14 per cent....
...Asked how APC’s relationship with L Catterton is developing, Touitou describes it as “fruitful”....
...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....
...They will pump $1.8bn in the gym chain to refinance maturing loans and fund working capital and the growth of new clubs....
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