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...European coffee group JDE Peet’s is replacing its two top executives as controlling shareholder JAB Holding seeks to shake-up the owner of L’Or, Kenco and Douwe Egberts following a long period of underperformance...
...It had 4,369 stores at the end of November, down from 5,076 in 2019. “We have had a big focus on profitability, especially over the last year. It was necessary to start to generate cash flow....
...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....
...Increases in the volume of products consumers bought contributed 4 per cent to L’Oréal’s 2023 revenue growth, while the rest came from pricing, not vice versa as wrongly stated in an article on February...
...Increases in the volume of products consumers bought contributed 4 per cent to 2023 revenue growth, Hieronimus said, while the rest came from pricing.* L’Oréal only passed on two-thirds of its input cost...
...But then a happy, appreciated team — and the staff, many of whom have worked here for decades, are great — is what makes a wonderful hotel, and De L’Europe is one I’m always delighted to stay at....
...“I’m interested in small phenomena and how to harness those things to have, on a more macro level, an effect.”...
...Strong growth in Europe — L’Oréal’s biggest market — offset a fall in sales of 4.8 per cent in North Asia, which includes China....
...David Willer’s article “To save the oceans, start eating ‘naked clams’” (Opinion, April 4) and the claim that this product was suitable for processing as nuggets, fishcakes and battered food made me sad....
...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....
...In 2019, Boucheron opened an opulent 300sq m second-floor apartment above its Place Vendôme store, where VVIP guests could spend the night....
...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...
...Michel Chaudun worked at Maison du Chocolat before opening his own store on Rue de L’Université in 1986, cherished for its Wonka-like displays....
...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....
...Strong growth in Europe and the US — L’Oréal’s biggest markets — largely offset a fall in sales of 4.8 per cent in north Asia, which frustrated expectations for a 14 per cent jump....
...Revenues from equities trading, which analysts had expected to decline, were instead up 4 per cent at $2.8bn, though revenues from fixed income trading fell 4 per cent....
...I did a little “whoop” when I won £200 this month, but I’m sad about the prize fund rate dropping from 4.65 per cent to 4.40 per cent in March....
...For most of the post-08 period that yielded next to nothing — and possibly explained at least some of the downgraded performance of L/S funds — but now a hedge fund treasurer can easily generate 4-5 per...
...“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....
...The two acquisitions, announced in late December, were made for $14bn and $4.1bn, respectively. Investment-grade credit spreads are hovering around their tightest levels since early 2022....
...In the decade since, however, it nearly doubled, rising from 2,700 to 4,300. Additions to its fourth department — which handles counter-intelligence and cyber — have been particularly large....
...M&S’s contract with HSBC, which owns M&S Bank, is up for renewal. M&S is likely to push for more control and a bigger cut of the spoils....
...Partners at KPMG last year took home average payouts of £746,000, a 4 per cent increase on the previous 12 months, despite a surge in fines and a slowdown in growth....
...About 30 per cent of its $4.1bn of 2023 sales comes from creams such as Cetaphil and Alastin....
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