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...L’Oréal urges every customer to splurge on its products “because you’re worth it”. Investors may now wonder whether the €225bn French hair and skincare behemoth deserves its lofty valuation....
...Its investors, however, may find the group’s latest proposition does not fit them so well....
...Beauty may be in the eye of the beholder but the fast-growing cosmetics sector should have a broader appeal to investors....
...The group also includes executives of Related Companies, private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017. Read more here...
...European stocks slipped on Friday as investors weighed a flurry of mixed corporate results, including strong performance from luxury group Hermès and disappointment from cosmetics giant L’Oréal....
...The “big question” investors were asking, he added, was where long-term growth was going to come from, beyond the current wave of corporate pension deals, be it in retail or asset management....
...The ability to move growth around the group is clearly at work and shows how L’Oréal can continue to grow, even when a major part of its business is having a problem.”...
...LVMH has been a long-term investor in Tod’s, first taking a stake in 2000, while Della Valle has sat on the board of the world’s biggest luxury group since 2002....
...Investors are keen to identify the next avenue of growth for the group....
...But top-heavy indices could be vulnerable if the biggest companies start to disappoint investors’ high expectations, Klement added....
...Yet Just Group’s shares haven’t been buoyed along with the buyout market. Its share price and that of bigger rival L&G have snaked sideways for more than a year....
...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....
...The Federation Internationale de l’Automobile (FIA), which governs motorsport, has agreed to let Michael Andretti add a team to the grid....
...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....
...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’....
...The family will hold “A” shares, each of which confer 5 votes, while outside investors will be offered “B” shares, which confer a single vote....
...XTX, one of the world’s biggest proprietary trading and market-making groups, had sought to use Aviva Investors’ and L&G Investment Management’s money-market funds to invest some of its own cash....
...Experienced investors turn to the cash flow statement for the real story. US chemicals group Chemours, known for making Teflon, shows that even this is not foolproof....
...The three continuation funds include two managed by the Chinese group Legend Capital and one by US-based L Catterton....
...A trailing dividend yield of 8 per cent for L&G is in line with peers Aviva and Phoenix. Investors worry about asset quality in bond and real estate portfolios....
...This is one reason that L&G, a solid business that aspires to be seen as a private capital group like Blackstone, is viewed less favourably by investors....
...L&G was the second most popular share with customers of platform Interactive Investor, with Lloyds Bank — said to be the most widely owned share in the UK — taking the number one spot....
...It’s a catchy name that looks good in headlines and investor presentations, and it’s backed up by the kind of gains that make European investors sick with envy (even if we’re all supposed to be worried about...
...Eastern investor interest in the luxury travel sector, according to multiple people familiar with discussions....
...The group’s goal for 2030 is to make that 95 per cent, including the development of entirely new ingredients....
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