Hints and tips:
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...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....
...The FTSE 100 is up just 5 per cent while the S&P 500 and the Nasdaq Composite have lost about 1 per cent over the same period....
...Revenues have been flat for the past seven years, according to S&P CIQ data, which means they are falling in real terms....
...L’Oréal has agreed to buy Australian high-end cosmetics group Aesop from its Brazilian owner, in the largest acquisition for the French company in decades....
...Balance sheets are much healthier however, with S&L total balances currently totalling $274 billion (1% of GDP)....
...It’s easy today to focus on whether the Magnificent Seven that have powered the S&P 500 rally — Apple, Microsoft, Google owner Alphabet, Amazon, Nvidia, Tesla and Meta — might stumble....
...In an updated prospectus, Birkenstock said that it would sell stock at between $44 and $49 per share, which would raise up to $1.6bn for the company and its private equity owner L Catterton....
...Of course, as the co-owner of three wine-centric restaurants, it might sound disingenuous to point out such advantages....
...In 2018 Marshall’s “Past Times”, black figures picnicking and boating in reference to Monet’s “Déjeuner sur l’herbe” and river idylls, sold to rapper P Diddy for $21mn....
...The performance of the S&P 500 index is now the most concentrated it has been since the 1970s....
...Now the waterfront — which forms part of Liverpool Waters, Peel L&P’s £5bn, 30-year project to transform the city’s northern docks — is taking on a new life itself....
...But commercial property owners are now having to battle a sharp increase in borrowing costs as central banks raise rates to combat inflation....
...On Dominion’s witness list are some of the network’s biggest names, including owner Rupert Murdoch, his son Lachlan, and presenters Tucker Carson and Sean Hannity....
...expressed regret over a $950mn acquisition of meal kits start-up Freshly the same year, which will soon merge with Kettle Cuisine, a premium food manufacturer owned by LVMH-backed private equity group L...
...They might be willing to endure quite a few lean years in terms of their own P&L — and even to think about cutting their own costs and headcount — rather than take risks with deals that need stretched assumptions...
...Musk plans to cut up to half of Twitter workforce The new owner of Twitter, Elon Musk, is planning to halve the social media platform’s 7,500 strong workforce....
...Bloomberg’s regular coverage has dubbed them the Essex Boys....
...“Their P&L tend to be more stable than now in the past,” he added....
...Essex Property Trust, with ownership interest in over 60,000 units, reported a 13.9 per cent “blended” rate rise....
...like Lancôme and L’Oréal Paris....
...Not many managers are ready to do this — though some are beginning to ask their clients what they want (L&G and Aviva are ahead of the game)....
...Following a critically successful four years under Olivier Theyskens as artistic director, P&G shuttered the brand’s fashion division once again from 2006 to 2008....
...Steven P citylights.com Daunt Books, Marylebone “What a treat to visit their shop in Marylebone....
...In 2017 the car was acquired by the owner of Bell Sport & Classic, who tasked his team with finishing it to an unimpeachable standard....
International Edition