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...Natura offloaded luxury Australian beauty outfit Aesop to industry rival L’Oréal earlier this year on an enterprise value of $2.5bn....
...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...
...If the miss is rare, limited in scope and likely temporary, L’Oréal’s investment narrative should remain untarnished....
...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....
...The crunchy acronym was coined by Goldman Sachs for pharma companies GSK and Roche, Dutch chip company ASML, Switzerland’s Nestlé and Novartis, Danish drugmaker Novo Nordisk, France’s L’Oréal and LVMH, the...
...Growth was slowest in L’Oréal’s luxury division, which improved 3.2 per cent....
...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...
...Galderma might be tempted to shoot for L’Oréal-like multiples — which is roughly what is implied by that mooted $20bn valuation....
...Shares in Hermès rose 5.1 per cent, helping the company overtake L’Oréal to become the second most valuable firm in France’s blue-chip Cac 40 index....
...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....
...L’Oréal last year bought Australian high-end cosmetics group Aesop from its Brazilian owner in a transaction with an enterprise value of $2.5bn....
...Companies: Updates are expected from Anglo-Swedish drug giant AstraZeneca, British American Tobacco, French lender Crédit Agricole, France’s L’Oréal, advertising company Publicis, Germany’s Siemens and Watches...
...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....
...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....
...Hieronimus, a L’Oreal lifer who was appointed chief in 2021, insisted L’Oreal would maintain financial discipline, “When there’s an opportunity, we look at it [but] we are very disciplined in how much we...
...The likes of Nestlé, Unilever, Lindt and L’Oreal sport an average return on capital employed of about 15-20 per cent, says Bruno Monteyne at Bernstein. PepsiCo’s is 14 per cent....
...Tereos, a sugar co-operative based in France, announced its plan to sell the business-to-consumer arm and its Tereos UK and Ireland site in West Yorkshire to TLS in November last year....
...Paris-based L’Oréal has also benefited from the strong global beauty market since the pandemic to increase annual revenues nearly 40 per cent compared to 2019 — although 2023 sales were below expectations...
...Natura’s purchase of The Body Shop from France’s L’Oréal was a crucial element in its global expansion drive, followed by the takeover of door-to-door seller Avon Products two years later....
...L’Oréal’s $2.5bn acquisition of luxury beauty brand Aesop is right on trend. For all the glitz and glamour of this sector, L’Oréal is not overpaying for the Australian brand....
...One example is Aesop, the Australian high-end soap maker known for its vegan products, which Natura sold to L’Oréal in a $2.5bn deal earlier this year....
...L’Oréal and Nestlé are set to release sales figures, while trading statements are due from both Man Group and Rentokil Initial....
...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....
...L’Oréal has the firepower to do deals after several years of strong sales....
...At the time the company said it wanted to tap pools of European investors and sector expertise in a market that is also home to L’Oréal, the world’s biggest beauty company by sales....
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