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...Luxury Australian marque Aesop was sold to L’Oréal for $2.5bn in April and last month Natura agreed to sell The Body Shop to private equity firm Aurelius for a fraction of the price it paid in 2017, after...
...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....
...And its choice of Ilaria Resta, a former veteran of consumer goods group Procter & Gamble, suggests a change of style for the company, after a decade of maverick management and polarising watch launches,...
...“I’ve met brands before that didn’t even have a product yet.”...
...Shepherdson argues that declining S&L tax revenue augurs poorly for future S&L spending, as this chart shows: It’s a reminder to investors that markets are sensitive to changes, not levels....
...afraid of quiet luxury, and worried about it,” said the designer, sounding a little like Greta Thunberg on her fear of climate change....
...When asset managers could barely open their mouths without uttering the letters E, S and G — investment with environmental, social or governance aims — this sector often got the cold shoulder....
...When we reach the end of 2023 I imagine that most people will be able to express their feelings in two words: good riddance....
...“I’m feeling good about this being early-to-mid cycle for the classic investment banking, capital markets business around the world,” said Pick, who took over from longtime chief James Gorman in January....
...At the same time, “experiential luxury”, such as travel and hospitality, is expected to grow at a faster rate than luxury goods such as handbags and watches....
...“CVC has been a very good shareholder,” van der Laan said when praising the plan to inject more equity during the IPO to repair the balance sheet. “I’m very happy with them.”...
...I am reading Revolucion by Arturo Pérez-Reverte, a rip-roaring historical novel about the 1910 Mexican revolution....
...But low volatility is great until it’s too good to be true....
...But maybe it squeaks out a few extra basis points and it’s a little bit more stable. And I actually find that appealing now. So I think I’m a great S&P 500 tracker fund guy....
...It has two big “G”s on it in gold and — that being insufficient gold — a gold chain. A third item for our delectation might be a Givenchy T-shirt....
...Izzy Pugh, a partner at the marketing consultancy G=mc2, says that branded residences are now a part of the well established luxury lifestyle economy....
...The brand last year opened its first stores in China, the primary growth market for luxury goods globally....
...“People keep saying that the international art world isn’t there, and I answer that’s exactly why we’re going,” says Pace chief Marc Glimcher....
...If you’re feeling broke and miserable after party season, the possibility of earning free international travel and luxury hotel stays is pretty tantalising....
...“I’ve stayed through good times and bad times and I’ve always thought the best was just around the corner,” he tells me....
...France’s stock market has surged to a series of record highs as investors pile into luxury goods groups on hopes of a sustained rebound in Chinese demand for high-end brands....
...The biggest offender I could find is the L&G Tracker Trust CTF, which launched in 1999 and in 2023 still has an eye-watering ongoing charge of 1.56 per cent for the £1.3bn invested in the fund....
...I was so impressed by her beauty that I decided to buy one myself — and now I’m completely converted.”...
...The reality might be that often when a player hangs up their dragon boots (g) for good, multiple “subscribers” are lost, and that there’s a swathe of bot accounts that will likely diminish rapidly once there...
...And somebody has to arbitrarily decide the relative weightings between “E” or “S” and “G”....
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