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...L’Oréal trades at twice the multiple of other businesses such as Unilever and Reckitt Benckiser, although these are lumbering beasts by comparison....
...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 arrival of Milan’s furniture trade show, the Salone del Mobile, spurs the city into a flurry of exhibitions and unveilings....
...US secretary of state Antony Blinken attended an emergency meeting in Jamaica on Monday with leaders from Caricom, the Caribbean Community trade bloc, to discuss Haiti....
...But the French skincare giant, which trades on 23 times forward ebitda, is 10 times its size....
...Accessing the cellars of such sainted estates is hard for winos not involved in the trade, so in 2012, when my father and I first visited Beaune, we arranged tastings at the more accessible Joseph Drouhin...
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...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....
...When l told my wife, she asked if I’d lost the house (which we owned outright). l said, no, even l was not that stupid. She then laughed and said that it ‘doesn’t really matter much then’....
...Brazilian company Natura paid €1bn to acquire the business from L’Oréal in 2017....
...Its share price and that of bigger rival L&G have snaked sideways for more than a year. Just trades at a 60 per cent discount to book value. Its life insurance peers are closer to parity....
...Natura itself trades on around 11 times while L’Oréal is on 25 times. The collapse in valuation follows a long period of poor sales for The Body Shop....
...Dozens of angry farmers stormed the annual Salon de l’Agriculture in Paris before it opened on Saturday, wrestling with police who tried to contain the crowds. Several protesters were arrested....
...Not everyone gets great results from retinol or from vitamin C, but we know the majority will. That’s just how it is.”...
...But a number of brands have addressed this problem cleverly, such as The Nue Co Topical-C, which uses the most stable form of vitamin C, L-ascorbic acid, in a powder form, and in an opaque bottle that’s...
...Birkenstock will trade on the New York Stock Exchange....
...for set of three, matchesfashion.com Lukhanyo Mdingi viscose-mix knitted fringed maxi dress, £1,495, net-a-porter.com Ulla Johnson cotton Freda embroidered shorts, £342, net-a-porter.com Dior raffia C’...
...“Price changes, hurricanes, new regulations, trade disputes, warehouse fires – AI can learn what gives a formulation its distinctiveness and suggest substitutions that help carry it on.”...
...trade”....
...French President Emmanuel Macron missed a G7 meeting at the weekend as he spent 13 hours meeting farmers at the country’s annual Salon de l’Agriculture trade show....
...Its focus on clean, sustainable ingredients is beloved by millennials, its first shop in China has been doing brisk trade, and it now has L’Oréal’s might behind it....
...Even so, Rich Kerr, an attorney who co-leads the digital assets team at law firm K&L Gates, is optimistic that the new crop of spot bitcoin ETFs might be easier to approve than expected....
...They felt no pressure to join the family trade but, having tried other professions, found their hearts belonged to jewellery....
...The British wine trade virtually ignores Sauternes and many other sweet wines. Admittedly an increasing proportion of grapes grown in Bordeaux’s Sauternes region are now being made into dry wines....
...“We had a lot of good news in recent months, helped by falls in inflation,” said David Hollingworth, associate director at broker L&C Mortgages....
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