Hints and tips:
...Luxury Australian marque Aesop was sold to L’Oréal for $2.5bn in April and last month Natura agreed to sell The Body Shop to private equity firm Aurelius for a fraction of the price it paid in 2017, after...
...Fernando Fernández, Unilever’s new chief financial officer, said that the group was implementing a “comprehensive technology programme” as part of the cost savings and that AI would play a role....
...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....
...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....
...L Catterton, which is backed by French luxury fashion house LVMH, is expected to list the business next week....
...The deal raised almost $1.5bn for the company and L Catterton, its private equity owner. About a third of the proceeds will be used by the company to repay debt, with the rest going to L Catterton....
...Birkenstock’s public debut will raise about $1.5bn, with a third of the proceeds going to the company to repay debt and the rest going to private equity owner L Catterton....
...L Catterton declined to comment....
...Its owner L Catterton is aiming to list the business the week beginning October 9, people familiar with the matter previously said.An offering for Birkenstock would come on the heels of several high-profile...
...Les Wexner, the CEO and chair of parent company L Brands, was pilloried in the media for his close associations with convicted sex offender Jeffrey Epstein....
...Billionaire Ivan Glasenberg, the former chief executive of Glencore, is poised to acquire a controlling stake in elite bicycle maker Pinarello as he expands his stable of cycling interests....
...A valuation topping $9bn would mark an impressive outcome for L Catterton, which is backed by the French luxury fashion house LVMH....
...These included the top lot of the art auction, another Monet — “Peupliers au bord de l’Epte, temps couvert” (1891) — for $26.5mn ($30.8mn with fees, est $30mn-$40mn)....
...Curiosities include Afuega’l Pitu, whose chalky texture and piquant taste you either love or loathe, and the strange Casín, a tiny, rock-hard, powerfully flavoured cheese rescued from imminent extinction...
...The declines are a setback for Birkenstock and its private equity owner L Catterton, the firm backed by French luxury fashion house LVMH....
...Samwer is poised to receive a €260mn annual dividend after an annual general meeting on Thursday, DD’s Ivan Levingston revealed....
...buy a large stake in FGS Global, which will value the WPP-backed communications group at about $1.4bn, reflects private capital’s tightening grip on the once independent market, DD’s Arash Massoudi and Ivan...
...One man carved his name and his girlfriend’s — “Ivan + Hayley 23” — into the Roman Colosseum’s 2,000-year-old brick wall....
...Over a spicy ventricina and ‘nduja pizza at L’Elementare, a pizzeria and tap room, we exchanged small talk and I, slurring my words — having just finished a bottle of Super at nearby pub Baccanale Trastevere...
...“The companies supplying us with potable water continue giving use the same service,” Fernández said. “They have ways of getting it.”...
...Before taking the oath, Petro held meetings with presidents from across the region, including Alberto Fernández of Argentina, Luis Arce of Bolivia and Guillermo Lasso of Ecuador....
...Voyager: Constellations of Memory by Nona Fernández, translated by Natasha Wimmer (Daunt Originals) Acclaimed Chilean novelist turns to memoir in a reckoning with the past — personal and political — and...
...And although Morozov called them the “pearls of his painting gallery”, the stylised panorama of flimsy, raspberry-skinned nudes ensures that the decorative cycle, “L’Histoire de Psyche” — commissioned from...
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