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...Brazilian cosmetics company Natura has agreed to sell The Body Shop to private equity firm Aurelius, after struggling to revive the UK retailer’s fortunes....
...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....
...The luxury shoemaker’s controlling shareholder, Italian entrepreneur Diego Della Valle, has teamed up with LVMH-backed private equity group L Catterton to take Tod’s private....
...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....
...Equity long-short hedge funds have had a miserable decade both in terms of performance and flows. MainFT last week published a very good piece on the theme....
...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...
...“The big keep getting bigger,” said Peter Oppenheimer, Goldman’s chief global equity strategist and head of macro....
...It’s a matter of this enthusiasm spreading to equity investors....
...The group also includes executives of Related Companies, private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017. Read more here...
...The company’s Ageing Population and Healthcare Innovation ETFs have also fallen out of favour, alongside the L&G Cyber Security Ucits ETF....
...There is certainly a lot of pent-up supply for European listings as private equity firms seek to sell down their assets. But how much pent-up demand is there, really?...
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...The three continuation funds include two managed by the Chinese group Legend Capital and one by US-based L Catterton....
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...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 market is clearly saying, ‘we are worried about balance-sheet risk’,” said Andrew Baker, an equity analyst at Citi....
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...Natura paid €1bn to acquire the business from L’Oréal in 2017....
...Having started life as a joint venture between Nestlé and L’Oréal, Galderma was acquired by a consortium led by Swedish private equity group EQT in a $10bn deal in 2019....
...Last year it bought a majority stake in Germany’s Italian-themed restaurant chain L’Osteria and signed a deal with the high-end French-owned chain Big Mamma....
...Consumer goods group Unilever and private equity firms had looked at buying Charlotte Tilbury, a brand associated with its eponymous founder and its YouTube make-up tutorials, before Puig secured it in 2020...
...“Yes, there’s an awful lot still to do, and he must deliver on promises, but there are plenty of investors still willing to back him, even at these prices,” said Lee Wild, head of equity strategy at Interactive...
...It was bought by French cosmetics giant L’Oréal in 2006 and later acquired for £880mn by Natura in 2017....
...Italian entrepreneur Diego Della Valle, the controlling shareholder of Tod’s, has teamed up with LVMH-backed private equity group L Catterton with a bid to take the luxury shoemaker private....
...L’Oréal recently reported how an AI-powered app delivered a 63 percentage point uplift in the conversion rate of inquiries into sales compared with traditional counter selling methods....
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