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...More than 5mn people have paid to lose themselves in Van Gogh: The Immersive Experience, a digital extravaganza involving 360-degree projections of his paintings on to 1,000 sq m of screens and VR headsets...
...The deal values Tod’s at around €1.4bn excluding debt. LVMH will retain its 10 per cent stake in Tod’s after the transaction....
...“I’m interested in small phenomena and how to harness those things to have, on a more macro level, an effect.”...
...KPMG has been fined £1.46mn by the UK accounting regulator for “serious failings” in its audit of M&C Saatchi, the advertising agency that was hit by an accounting scandal in 2019.The Financial Reporting...
...“I’m used to this kind of speculation . . . but it makes no sense as we could have sold the group directly to LVMH if that’s what we wanted,” he said....
...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....
...Sales at the group, which owns brands such as Garnier and Lancôme, grew 11.1 per cent on a like-for-like basis for a total of €10bn in the quarter ending September 30, coming in just below consensus analyst...
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...Net client flows across its wealth and wholesale asset management arms rose to £1.1bn from £200mn the previous year, however £6.2bn was redeemed from its UK institutional asset management division, which...
...KPMG has been fined £1.5mn by the UK accounting regulator for “serious failings” in its audit of M&C Saatchi, one of Britain’s best-known advertising agencies....
...Beginning with early-’90s performances in punk clubs, the show spans three decades of short films and installations, including F.A.M.I.L.Y, a year-long Instagram collaboration with seven other performers...
...Plans to raise €1.25bn via listing could fund further deals and consolidate ownership of businesses in which it has acquired majority stakes....
...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....
...M&G’s share price rose by about 2 per cent in morning trading....
...Sales at the group, which owns brands ranging from Garnier to Lancôme, grew 11.1 per cent on a like-for-like basis in the most recent quarter ending on September 30, reaching €10bn, just below consensus...
...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....
...Nearly half are missing meals, the UN’s World Food Programme has warned, with 1.4mn people at risk of famine. More than 360,000 people are displaced....
...Meanwhile, state and local (S&L) government construction spending also fell 1 per cent in January, the first monthly decline since August 2022....
...L&G posted an operating profit of £1.7bn, broadly flat on the previous year but below analysts’ consensus estimates....
...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’....
...Peers e.l.f. Beauty, Coty and Estée Lauder were lower by 9.7 per cent, 5.1 per cent, and 4 per cent, respectively....
...Goldman estimates that the median short interest in S&P 500 companies is still remarkably low at 1.7 per cent, but is up from 1.5 per cent at the end of 2021....
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