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...L’Occitane trades at 15 times next year’s earnings; Paris-listed L’Oréal is above 30, according to S&P Capital IQ....
...The billionaire owner of L’Occitane has made an offer to take the French skincare company private in a deal with an enterprise value of about €6.5bn, including net debt....
...The billionaire owner of L’Occitane has made an offer to take the skincare company private in a deal that gives it an enterprise value of about €6.5bn....
...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...
...Equinox, which is owned by the founders of real estate group Related Companies, faced a liquidity crunch as a result of the 2020 pandemic when it was forced to close gym chains for many months and saw its...
...If the miss is rare, limited in scope and likely temporary, L’Oréal’s investment narrative should remain untarnished....
...UK ministers committed to “taking action against company leaders who break the law” after the shipping company laid off 800 sailors in 2022 without giving any notice or conducting the usual consultation....
...In our view, this probably explains their strong re-rating (forward P/E of 27.2x), and why they are trading at a 110% premium to the STOXX 600 (13.0x)” wrote....
...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....
...Median pay for the companies listed on the pan-European Stoxx 600 index, which includes the biggest UK companies, was €3.5mn (£2.9mn) in 2022, according to research from Vlerick Business School....
...Italian luxury bag and shoemaker Tod’s plans to go private in a deal with LVMH-backed private equity firm L Catterton, ending more than two decades as a public company on the Milan stock exchange....
...But what’s most entertaining is that the government goes ahead and shows the professor’s ongoing work calculating Alameda’s historical balances with FTX — basically the firm’s net P&L — from last year:...
...Goldman estimates that the median short interest in S&P 500 companies is still remarkably low at 1.7 per cent, but is up from 1.5 per cent at the end of 2021....
...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...
...Transfer Market Natalie Robyn is stepping down as chief executive of the Fédération Internationale de l’Automobile, the governing body for Formula One and other motorsports, after just 18 months....
...You are also getting exposure to another 493 companies [in the S&P 500] that make up more than 70 per cent of the index by weight.”...
...George P CsicseryZala Films, Oakland, CA, US...
...A sizeable secondary sale is also expected from the Puig family, who will maintain control of the company via dual-class shares....
...The real estate sector, full of companies that are particularly sensitive to interest rates, fell 4.4 per cent, more than double any other sector....
...But it is not clear (to me anyway) what exactly he means by this, given that the S&P is a diversified index that growing companies automatically enter and shrinking companies automatically leave....
...For some African climate-related businesses, such as Wahu, the successful functioning of carbon markets is not a nice-to-have, but core to their strategy....
...So this is also a related topic and, thinking of the overall security aspect, mitigating climate change is so important for overall security....
...Subdued consumer demand, rising wages and high interest rates, which hurt more indebted companies, had all contributed to the increase in the number of companies struggling to repay their debt, S&P said....
...However, the company would also take into account the potential benefits new teams could bring to grow the wider sport in the form of hospitality and brand recognition....
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