Hints and tips:
...10bn.The flotation of Puig, which bills itself as an “affordable luxury” player, would be the biggest in the sector since Ermenegildo Zegna in 2021 and follow in the footsteps of rivals such as LVMH, Kering, L’...
...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...
...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....
...The Steam Bar is part of a new wave of Black haircare lines – such as Pattern Beauty by Tracee Ellis Ross, Thom by session stylist Cyndia Harvey and Charlotte Mensah – that deliver a luxury product to Black...
...Spanish luxury and beauty group Puig, which owns brands including Paco Rabanne and Charlotte Tilbury, said at the end of 2023 that it would explore a listing....
...L’Oréal last year bought Australian high-end cosmetics group Aesop from its Brazilian owner in a transaction with an enterprise value of $2.5bn....
...Trueman, a former manager at cosmetics group L’Oréal, is clear that there is a strong commercial logic, too. “We are absolutely a for-profit business,” she stresses....
...At €10bn, it would have an enterprise value-to-ebitda multiple far below rivals such as L’Oréal. In the battle for Chinese ecommerce, Alibaba is struggling to knock Temu from the top spot....
...Behind David is another new, flat-looking sculpture, the complementary “Dame a L’Éponge” (2023)....
...Ticket sales have been strong for the two operas — Mozart’s Don Giovanni and Donizetti’s L’elisir d’amore — and there will also be youth events, two oratorios in performance and Christmas concerts....
...Charlotte would be thrilled…”...
...Tax attorney Adam Arikat has joined law firm Simpson Thacher from Kirkland & Ellis. Freshfields has appointed Charlotte Colin-Dubuisson as a Paris-based partner on its antitrust team....
...L’hôtel de Maisons, however, wasn’t the first choice....
...A new crop of IPO candidates in CVC, General Atlantic and L Catterton may test the waters of public markets in 2024, while BlackRock continues to hunt for its “transformative” private capital deal....
...The cornrow updo Hair Lounge founder Charlotte Mensah, whose clients include Erykah Badu, Tracee Ellis Ross and Michaela Coel, recommends a cornrow coiffure, a style that involves braiding the hair close...
...But they can afford her favourite £26 Charlotte Tilbury Magic Away liquid concealer....
...Among the works getting their first recordings are Charlotte Sohy’s passionately heated Symphony in C sharp minor, the seductive salon music of Jeanne Danglas’s L’Amour s’éveille and La Sirène, a dramatic...
...“She has a way of expressing love and feelings that matches Charlotte so well. “Point’s lyrics are poetic but not so serious....
...Cravath, Swaine & MooreO: 6; L: 8; I: 8; Total: 22The firm’s incarcerated survivors’ initiative is a pro bono legal clinic....
...The declines are a setback for Birkenstock and its private equity owner L Catterton, the firm backed by French luxury fashion house LVMH....
...Job moves Law firm Kirkland & Ellis has cut associates in California and Texas....
...Commended DLA PiperO: 6; L: 8; I: 7; Total: 21In 2021, the firm launched an artificial intelligence practice....
...The insurers in the stress test were not named in Monday’s letter, but the life-insurance units of groups including Aviva and L&G had been invited to participate last year....
...From her new apartment in Tobacco Warehouse — the largest brick building in the world — Charlotte Beddows, 29, is relishing her front-row views of the Liverpool waterfront....
...The German paintings offered instead, such as Max Pechstein’s “Charlotte Cuhrt” in altarpiece frame, acquired by the National Gallery last year, are mostly feeble....
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