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...Red Bull Racing, the F1 team owned by the Austrian energy drinks group, declined to comment....
...To begin with, L’Oréal’s problem was specific to its North Asia region. Sales there account for almost 30 per cent of the group total....
...Following the transaction, which was announced late on Saturday, L Catterton would have a 36 per cent stake in Tod’s while the Della Valle family, which currently controls the group, would retain its majority...
...The marigolds lead to a butcher’s curtain that encloses a projection of Pope.L’s film “Small Cup” (2008), in which a group of hens and goats demolish what resembles the Capitol building in Washington, DC...
...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...
...Some destinations include two days of racing, in a nod to the group’s focus on sustainability....
...That would be well below L’Oréal on 20 times and below the 12 times that Coty and L’Occitane trade at. Spain’s largest IPO in years is so far looking good. andrew.whiffin@ft.com...
...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.”...
...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....
...The luxury shoemaker’s controlling shareholder, Italian entrepreneur Diego Della Valle, has teamed up with LVMH-backed private equity group L Catterton to take Tod’s private....
...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
...Not only did students organise their own exhibitions, but simply “being among a group of 120 painters for two years, discussing painting, was an inspiration”....
...“This is an act of defiance to show that even the most powerful are not beyond the reach of the gangs,” said Diego Da Rin, a Haiti analyst for the International Crisis Group....
...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....
...If the parties involved in the deal cannot reach the 90 per cent ownership threshold needed to delist the company, L Catterton has said it will take the group private by merging it into the vehicle it used...
...French luxury group Kering’s€3.5bn acquisition of fragrance brand Creed fetched a multiple of about 23 times ebitda, while L’Oréal snapped up Aesop — the minimalist maker of high-end soaps — in a $2.5bn...
...On her way out of the group, former Amazone Rokia Koné bequeathed them Jacknife Lee, the producer of her striking second album, Bamanan....
...Date to be announced; further information here July Sport The Olympics Hearing “Paris” and “2024” in the same sentence brings one thing to mind: the Olympics....
...L&G declined to comment....
...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...
...In the chart above, the “Digital Assets A” group is liquid crypto including Bitcoin, Ethereum and the relatively-not-illiquid Solana....
...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...
...Joy Group has also set up operations in countries including Japan, Malaysia and Canada....
...“The prices rose dramatically after the Russian invasion [of Ukraine], as the price of natural gas increased,” said Julian Price, executive director at ACP/LDC Sugar Industries Group....
...Phase one, greenlit by Hidalgo in 2021, has paved the way for cosmetic tweaks that will refresh the avenue in time for the July Olympics....
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