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...In the relatively young US sports betting industry, there is no time for self satisfaction....
...That would bring them back to where they were a decade ago. Also on a multiple of sales, L Catterton’s offer looks underwhelming — just 1.7 times this year’s revenues....
...That’s really problematic for the rest of us,” said John Duncan, co-lead for the Business Coalition for a Global Plastics Treaty, a group of more than 200 companies including Walmart, PepsiCo, and L’Oréal...
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...Originally a joint venture between L’Oréal and Nestlé, it was bought out by the latter and sold on to EQT, Singapore’s GIC and Abu Dhabi’s Adia in 2019....
...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....
...The deal with L Catterton has revived speculation among industry insiders and analysts that LVMH could eventually buy Tod’s, adding to its stable of clothing and apparel brands which also include Christian...
...The airline industry is largely united in opposition to the rule....
...French luxury group Kering’s€3.5bn acquisition of fragrance brand Creed fetched a multiple of about 23 times ebitda, while L’Oréal snapped up Aesop — the minimalist maker of high-end soaps — in a $2.5bn...
...This isn’t just a deal gone bad. The problems across the dollar store sector are a reminder that lower income Americans are suffering disproportionately post-pandemic. pan.yuk@ft.com...
...Artists pay a monthly subscription of around €100, gaining access to events and opportunities designed to support them in their careers, such as online forums, residencies and talks from industry professionals...
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
...Many companies across multiple industries seek to become consolidators that create platforms to extract synergies, increasingly funded by private equity....
...Stephen Carson, head of asset management and investment funds at Irish law firm A&L Goodbody, said that in the absence of the OFR, the UK was continuing to operate on measures brought in after Brexit came...
...Estée Lauder and L’Oréal did not respond to a request for comment....
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
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