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...To begin with, L’Oréal’s problem was specific to its North Asia region. Sales there account for almost 30 per cent of the group total....
...Rapid growth in emerging markets including India, Brazil and Mexico provided a boost, accounting for 15 per cent of L’Oréal’s annual sales, but 30 per cent of its growth....
...Tod’s performance improved last year with the group announcing in January that sales increased 11.9 per cent in 2023 to €1.13bn, with all brands gaining in the double digits....
Circuit hopes to attract high-end carmaker as Formula One valuations soar
...French beauty company L’Oreal grew its sales in the third quarter despite a more muted than expected recovery in China....
...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...
...French beauty company L’Oréal increased sales in the third quarter despite a more muted than expected recovery in China and a fall in travel retail in Asia....
...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....
...Also on a multiple of sales, L Catterton’s offer looks underwhelming — just 1.7 times this year’s revenues. For reference, the buyout group recently floated Birkenstock at 5.5 times sales....
...Asked on the media call whether the company was actively considering a sale of Cala, Simões said it was a “very strong franchise” but declined to comment on which businesses were “more or less strategic”...
...“It could be seen as an hors d’oeuvre to a future sale to the French at a higher price than what they would have obtained now,” said one analyst who asked not to be named....
...L’Oréal: Shares dipped 5 per cent after the French cosmetics company reported €41.18bn in sales last year, up 7.6 per cent from the previous year but below consensus estimates and the double-digit growth...
...The company said it expects first-quarter comparable-store sales to be at the low end of previous guidance....
...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....
...About 30 per cent of its $4.1bn of 2023 sales comes from creams such as Cetaphil and Alastin....
...L’Oréal’s sales in North Asia, which is dominated by China, totalled €11.3bn in 2022, about a third of its sales that year, and up 6.6 per cent year-on-year despite harsh zero Covid lockdowns denting sales...
...“As a result, some investment managers have held off registering their new ETF ranges for sale in the UK pending the introduction of the overseas funds regime,” Carson said....
...The Barcelona-based conglomerate has said its 2023 sales would surpass €4bn....
...The Fédération de l’industrie Horlogère Suisse has released its export report for March 2024 and . . . hoo, boy....
...However, the lag in the group’s biggest market for luxury sales resulted in slower sales growth compared with other divisions....
...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....
...Free cash flow, however, reconciles those book accounting accruals of the P&L ledger to capture the real flows of actual dollars coming in and out....
...“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...
...That is about a fifth of what Natura paid to L’Oréal in 2017. The payout looks more paltry if you strip out a £90mn earn-out embedded in the sales price....
...L&G’s retail business was also “bolstered” by rising individual annuity sales....
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