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...The company’s initial public offering took place during the early phase of the Covid-19 pandemic, which saw consumers stock up on household consumer goods like coffee....
...If the miss is rare, limited in scope and likely temporary, L’Oréal’s investment narrative should remain untarnished....
...This is an audio transcript of the Life and Art from FT Weekend podcast episode: ‘L&A — What young wine drinkers want’ Lilah Raptopoulos This is Life and Art from FT Weekend. I’m Lilah Raptopoulos....
...L Catterton said in a statement that the “delisting is a precondition to ensure the pursuit of the [Tod’s] future growth programs [sic] and consolidation . . ....
...The entrepreneur himself would get a good deal. Under the terms of the agreement, he is a seller at €43 per share — albeit only of a 10.5 per cent stake. He will keep 54 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...
...Growth was slowest in L’Oréal’s luxury division, which improved 3.2 per cent....
...The group has a record of profitable exits — such as 2023’s $8.6bn listing of German sandal maker Birkenstock — and Tod’s has a good potential to turn into another success story, say analysts....
...The good news, for Galderma, is that the company comes with an interesting pedigree....
...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....
...Estée Lauder and L’Oréal did not respond to a request for comment....
...MainFT last week published a very good piece on the theme. But in one small but important respect, things seem to be looking a little brighter....
...“Like in every good marriage, I think there are good days, and sometimes less good days, but I think they really respected us, so they didn’t want to put the Puig stamp on our company,” said Van Noten, who...
...It has cracked the US market, and a lot of institutional capital is coming into sports in a big way: it’s a good space to be in.”...
...One good read How The Atlantic turned things around....
...(Part of their argument seems to be that he is not good enough at computers to be an expert.)...
...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....
...When l told my wife, she asked if I’d lost the house (which we owned outright). l said, no, even l was not that stupid. She then laughed and said that it ‘doesn’t really matter much then’....
...Good hair and a lofty valuation: a rare stumble poses the question, is L’Oréal worth it? Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...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...
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...Built for comfort, not speed is a good slogan for annuities — an insurance product offering retirees steady, long-term income....
...When ethical beauty entrepreneur Anita Roddick sold The Body Shop to L’Oréal in 2006, cynics predicted it would lose its mojo....
...Even so, it is worth consulting the catalogue online (“Découvrez l’univers des tomates”) as it is full of advice and detail even if you cannot import the plants across the English Channel....
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