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...Kenneth Langat, a lawyer representing the consortium, told the FT that “there has been no courtesy of a response” to their letter....
...“Spain is flourishing due to record tourism numbers and robust operational performance from the hotel operators,” said CBRE head of hotels for Europe Kenneth Hatton....
...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....
...Naked short sales have been banned in the US since 2005. G1 declined to comment. Virtu and Jane Street did not immediately respond to requests for comment....
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....
...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....
...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....
...“The big story is AI,” said Kenneth Lamont, senior fund analyst for passive strategies at Morningstar....
...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....
...The PPF has earmarked up to £350mn to invest in property, including funds being offered for sale on the secondary market....
...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....
...The company said it expects first-quarter comparable-store sales to be at the low end of previous guidance....
...“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...
...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”...
...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...
...About 30 per cent of its $4.1bn of 2023 sales comes from creams such as Cetaphil and Alastin....
...The Fédération de l’industrie Horlogère Suisse has released its export report for March 2024 and . . . hoo, boy....
...“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....
...BAT faces a challenge to reverse falling cigarette sales in the US, its biggest market....
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