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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...
...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...
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...The beauty group has exposure to one of the fastest growing areas of the home and personal care space, skincare. Its scale means it can spread R&D spending and overheads over €41bn of turnover....
...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....
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...Munich-based private equity group Aurelius is stumping up an enterprise value of just £207mn for The Body Shop. That is about a fifth of what Natura paid to L’Oréal in 2017....
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...to find a winning group, even with the benefit of hindsight....
...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....
...Estée Lauder and L’Oréal did not respond to a request for comment....
...“It is a coming of age,” said Howard Silverblatt, senior index analyst at S&P, of the dividend announcement....
...The album originates from bootleg recordings of a show at L’Olympia in Paris, re-engineered for official release. The audio quality is decent....
...That compares with 6.8 per cent at Volkswagen, on S&P Capital IQ estimates. Being big also means that necessary investments, in new models and R&D, are less of a drag....
...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...
..., UK, US: S&P Global/HCOB services purchasing managers’ index (PMI) figures Indonesia: Q4 GDP figures Mexico: Constitution Day holiday....
...And in spite of its Tesla handicap (down 27 per cent year-to-date on a miss, a vague warning and a wayward CEO) the Mag7 has continued to outgrow the S&P 493: “Investors often ask us whether the group’s...
...Free cash flow, however, reconciles those book accounting accruals of the P&L ledger to capture the real flows of actual dollars coming in and out....
...Ben Zaranko, at the Institute for Fiscal Studies think-tank, said cuts to the civil service and a larger portion of the R&D budget “won’t be enough” to fund the defence spending pledge to 2030....
...Brazilian cosmetics group Natura said it was studying a possible sale of The Body Shop, after struggling to turn around the fortunes of the UK retailer....
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