Hints and tips:
...“Markets can be dislocated for more than 30 days,” said George Raine, a partner at law firm Ropes & Gray....
...Recently published earnings reports showed profit margins expanded last quarter at companies including Kimberly-Clark, home to brands such as Kleenex and Huggies, cleaning product maker Clorox, and Procter...
...“The consumer remains resilient,” said Michael Hsu, chair and chief executive of Kimberly-Clark, maker of Andrex toilet roll and Kleenex tissue....
...Gray made his name via Blackstone’s property arm and emphasised how broadly real estate investments were held....
...“You get the benefit of M&A without actually doing a transaction,” says James Thomas, a partner at Ropes & Gray....
...“There is a large political element to this [ESG backlash],” said Michael Littenberg, a partner at Ropes & Gray. “My view is that we have not seen the end.”...
...Additional reporting by Brooke Masters...
...“Imagine something goes massively wrong or massively right with a particular sector,” said George Raine, a Ropes & Gray partner who specialises in fund management. “It becomes a ticking time bomb....
...But, writes Brooke Masters, Procter & Gamble was quick to throw cold water on the idea of an easy recovery....
...Would love to see Chanos debate this one out with Jon Gray, Blackstone’s real estate boss turned president of the $915bn alternatives manager....
...he told the FT’s Josh Franklin and Brooke Masters. “If people think I have a big ego, I did have a big ego. I don’t care.”...
...Additional reporting by Brooke Masters and Sylvia Pfeifer in London and Martin Arnold in Frankfurt...
...Even so, the forecast ad expenditure at both Kimberly-Clark and Clorox is expected to remain above pre-pandemic levels....
...“There is going to be more of this collaboration as art fairs reset in certain ways,” says Scott Gray, founder and chief executive of the WPO....
...Best books Sinéad Burke, disability activist and CEO of accessibility consultancy Tilting the Lens“The best book I’ve read in the past year is Black Futures by Kimberly Drew and Jenna Wortham....
...Concern about the spread of coronavirus has also made consumers more hygiene-conscious, suggesting lasting benefits for companies in the sector including Reckitt Benckiser of the UK and Kleenex maker Kimberly-Clark...
...Before that, the chemistry graduate worked for the consumer products group Kimberly-Clark for 22 years, starting as a scientist....
...Other big names such as Colgate-Palmolive, General Mills and Kimberly-Clark have also announced price increases....
...Additional reporting by Brooke Fox in New York Letter in response to this article: Look at the counterfactual of reining in bank support / From Gray Schweitzer, New York, NY, US...
...It noted that Kimberly-Clark had committed to halve its sourcing from natural forests and that Unilever had committed to “zero-net deforestation” in its supply chains....
...Housebound consumers were also using more of Kimberly-Clark’s products....
...Among the many companies ramping up ad spend are Kimberly-Clark, maker of Kleenex tissues and Huggies nappies, and Colgate-Palmolive, the toothpaste and soap group....
...Also on Thursday, the company’s smaller rival Kimberly-Clark, which makes Kleenex tissues and Huggies nappies, reported a 3 per cent rise in like-for-like sales in the quarter....
...The figures stood in contrast to disappointing results from P&G’s smaller rival Kimberly-Clark, whose net sales ticked up 1 per cent....
...brooke.masters@ft.com Follow Brooke Masters with myFT and on Twitter...
International Edition