Hints and tips:
...and skincare products, Avon Products was purchased by Natura in an $2bn all-stock deal in 2019, as part of an international expansion plan that transformed it into the world’s fourth-largest pure-play beauty...
...“When you think about places like Nigeria, when you think about places like Argentina, it’s very difficult for us as a US dollar-denominated company to create value”, Andre Schulten, P&G’s chief financial...
...But otherwise, give me a V-sweet C-suite job any time. As if anyone would....
...Procter & Gamble’s Japanese prestige beauty brand SK-II is among the labels most heavily targeted by the boycott. P&G were contacted for comment....
...S&P this month downgraded Thames Water’s top-ranked class A debt to BBB-, the bottom rung of investment-grade, just one notch above junk....
...Looks like S&P Ratings doesn’t find “attestations” especially convincing, either....
...Rating agency S&P downgraded the company three notches on Thursday to triple C on “non-payment risk” and estimated it had only $200mn, or half the required funds, currently available....
...The beauty of capital is that it doesn’t care about the source of the loss....
...Within these we note that the manufacturing component previously reported within Ingenuity has been reclassified into Beauty (contrary to first comments this morning)....
...The purchase price of C$43 per Turquoise Hill share is a 67 per cent premium from the day before the initial offer was made....
...Rio, flush with cash from soaring commodity prices, came back on Wednesday to offer C$40 (US$30.79) a share, an 18 per cent improvement on the previous offer and a 56 per cent premium to Turquoise Hill’s...
...Anyway, here are names and links — we’ll let you make your own mind up: Liquid 2 Venture Fund III L.P . . . . Lake Nona Fund / LN Sports & Health Tech Fund I, LP . . ....
...The deal cost C$180mn, plus C$20mn in deferred payments, and was financed through the sale of property and surplus cash held by the US and Canada businesses....
...Kaczorowska uses Japanese brand P.Shine’s dinky kit, which, despite its artificial-looking 1950s-esque pastel pots, actually holds an all-natural formula....
...P Passing shots Things of beauty that have more or less killed off serve-and-volley tactics. Q Queue Yes, you could get some fancy corporate ticket to Wimbledon....
...Analysts welcomed Nabi’s appointment as previous CEOs had experience in consumer packaged goods, but not beauty....
...The third show, “P.lace.S. Looking through Antwerp Lace”, examines the historical links between the city and the production of the ornate textile....
...all are trading at least 50 per cent below their listing prices, despite a steady rise in the S&P 500 index....
...S&P lowered its rating of the company, which has $88m in coupon payments due by Friday, to triple C minus, saying it “may not be able to service its debt in time” and pointing to a potential debt restructuring...
...Shares of digital insurer ZhongAn Online P&C Insurance more than doubled in the three months to a February peak, until crackdowns on tech dented investor sentiment....
...S&P Global Ratings cut the company’s rating by two notches to triple C this month....
...Overall, analysts are forecasting capex of $730bn for the S&P 500 constituents and £102bn ($143bn) for the FTSE 350, up about 10 per cent, according to S&P Global data....
...hotel (Wall Street Journal) S&P’s $44bn IHS deal set to win EU antitrust approval (Reuters)...
...TCI is also the largest shareholder in CP, with an 8.4 per cent stake worth $4.3bn, according to S&P Capital IQ....
...But the overall combined ratio for the P&C business — claims and expenses as a proportion of income — came in at 95.2 per cent, a 1.3 percentage point year-on-year improvement....
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