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...This is damaging on a human level,” Ben Sulayem told the Financial Times....
...L’Occitane trades at 15 times next year’s earnings; Paris-listed L’Oréal is above 30, according to S&P Capital IQ....
...L’Occitane shares have been halted since April 9, but will begin trading again on Tuesday in Hong Kong. Read more here...
...Blackstone and Goldman Sachs Asset Management declined to comment....
...Paul L Colby Alexandria, VA, US...
...L’Oréal is not priced for its growth prospects, which are indeed strong and intact. Its valuation, at 34 times forward earnings, reflects safety and strength....
...The chief executive of L’Oréal, the world’s biggest beauty company, has predicted that price increases will slow this year after they helped to propel growth in the global beauty market for the past three...
...Increases in the volume of products consumers bought contributed 4 per cent to L’Oréal’s 2023 revenue growth, while the rest came from pricing, not vice versa as wrongly stated in an article on February...
...[with] greater management and organisational flexibility, faster decision-making and execution times”....
...A lot of these bottles are more expensive than a simple quality red, and I could call it all hype, but I actually like the backstories and I like how these wines taste....
...It also made us re-examine the societal factors that allow us to maintain a seemingly “upright”, successful or confident position in the world....
...Chelsea co-owner Todd Boehly’s Eldridge Industries is in advanced talks to buy European private credit firm Hayfin Capital Management....
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...Reminders of Van Gogh’s psychosis notwithstanding, it’s a cheering and a cheerful place to be....
...Della Valle is confident, however, that Connecticut-based L Catterton will boost Tod’s desirability and allow it to focus on investments in marketing and R&D, he told the Financial Times....
...Charles Palmer Auckland, New Zealand...
...French beauty company L’Oreal grew its sales in the third quarter despite a more muted than expected recovery in China....
...Growth was slowest in L’Oréal’s luxury division, which improved 3.2 per cent....
...“The numbers have to remain capped in order to maintain the quality of the experience,” Derhy says....
...It recalls the previous two records from the west African supergroup which were produced by Liam Farrell, aka Doctor L, best known for his work with Kinshasa noise band Mbongwana Star....
...Making his La Scala debut, Steinberg, who has conducted the work half-a-dozen times, drew playing that was so assured and nuanced it felt as if the opera had never left the repertory....
...Before I experienced Barkley L Hendricks’ revelatory retrospective at the Studio Museum in Harlem in 2008, I had never seen more than a couple of his works at a time....
...Andreas V Georgiou Darnestown, MD, US...
...The Granolas are cheaper than the Magnificent Seven on an earnings multiple, trading at 20 times next year’s forecast earnings, compared with the Magnificent Seven’s 30 times....
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