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How To Spend It In...
Louis Sarkozy’s guide to Washington DC
...I was born in Neuilly-sur-Seine, the chic suburb bordering the Bois de Boulogne in western Paris....
April 24, 2024
Letter
Letter: Correcting your maths
...Paul L Colby Alexandria, VA, US...
April 8, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
LexL'Oreal SA
Rare stumble has investors wondering if L’Oréal still worth it Premium content
...If, however, the group’s flawless finish starts to wear off, its valuation has further to fall....
February 9, 2024
L'Oreal SA
L’Oréal predicts price rises will slow as inflationary pressure cools
...L’Oréal’s “above-trend growth for dermatological beauty and consumer products in western and emerging markets should continue to successfully offset a soft Chinese beauty market,” said Rogerio Fujimori,...
February 8, 2024
Travel
A night with Van Gogh in Amsterdam
...None more so than the venerable De L’Europe, which has stood at the confluence of the Amstel river and two canals since 1896 and is just completing a five-year renovation....
April 16, 2024
Luxury goods
Tod’s plans to delist from Milan stock exchange
...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...
February 11, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
KPMG UK
KPMG fined £1.5mn over audit of M&C Saatchi
...Trading in the company’s shares was suspended for 10 weeks in 2020 as PwC, its new auditor, struggled to establish the group’s true financial position in the wake of the accounting scandal, which first came...
March 4, 2024
InterviewThe Art Market
Parisian collective aims to put female artists on a firm financial footing
...Alongside her career as an artist, Derhy, 38, is also the founder of Le Cercle de L’Art, an all-female collective that is rethinking the way artists navigate their careers....
April 8, 2024
Barclays PLC
Barclays chief calls for return of UK equity risk culture
...Profits fell 13 per cent from the same period a year earlier to £1.6bn, after weakness in the bank’s domestic business and its investment bank drove a 4 per cent decline in group revenues to £7bn....
April 25, 2024
Hot Money podcast
How western governments took down Europe’s most powerful crime group
...At the centre is a cocaine super cartel that is revolutionising the global drugs market....
December 26, 2023
News updates from December 11: COP28 draft deal drops phaseout of fossil fuels, Zelenskyy implores US not to waver in its support for Kyiv
Manulife announces C$13bn reinsurance deal with KKR’s Global Atlantic
...Manulife chief executive Roy Gori said the buyback would take the amount of capital released by the group to C$10bn since 2018, as part of a simplification of the business....
December 11, 2023
News updates from April 3: Iger defeats Peltz in Disney proxy war; Eurozone inflation falls to 2.4%
Cosmetics groups slide on demand slowdown warning from Ulta Beauty
...groups....
April 3, 2024
News updates from January 12: China pledges to ‘smash’ Taiwan independence, US wholesale inflation declines
Creditors of Taeyoung E&C approve restructuring as South Korean real estate concerns mount
...The company’s main creditor Korea Development Bank said on Friday that Taeyoung E&C, a subsidiary of the Taeyoung Group, applied for a debt workout last month with creditors, raising fears of a repeat of...
January 12, 2024
Pilita Clark
The danger of the very serious person
...Not that long ago, western capitals were banking on seasoned military and civilian officials in the Trump administration to temper the unpredictable president’s term in office....
April 21, 2024
LexPuig SA
Why the owner of Paco Rabanne will attract interest in its IPO Premium content
...Then the enterprise value to ebitda multiple would be 10.5 times at a €10bn valuation. That would be well below L’Oréal on 20 times and below the 12 times that Coty and L’Occitane trade at....
April 8, 2024
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
InterviewVisual Arts
Artist Pope.L’s last interview: ‘I try to set up mysteries for people’
...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...
January 5, 2024
News updates from October 19: Jordan pauses US Speaker bid, Canada to pull dozens of diplomats from India
L’Oreal misses sales forecasts after ‘muted’ China recovery
...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...
October 19, 2023
Sport
Formula E puts new grid spot up for sale as it tests electric racing demand
...Some destinations include two days of racing, in a nod to the group’s focus on sustainability....
April 5, 2024
Personal & Household Goods
PAI Partners strikes €330mn deal for Italian haircare group Beautynova
...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...
March 18, 2024
OutlookAmy Kazmin
‘C’è Ancora Domani’ touches a nerve in Italy’s macho culture
...The Italian film C’è Ancora Domani (There’s still tomorrow) — set in Rome just after the second world war and shot entirely in black and white — opens with a man slapping his wife across the face just after...
January 10, 2024
Trump Media & Technology Group
Ken Griffin’s trading firm blasts Trump Media boss as ‘loser’
...Devin Nunes, chief executive of Trump Media & Technology Group, wrote to the head of the Nasdaq exchange this week “to bring your attention to potential market manipulation” of the company’s stock, according...
April 19, 2024
Sberbank
Russia to cash in as Sberbank pays $8bn in dividends
...According to Gref, about 17 per cent of Sberbank shareholders will receive a total of about Rbs130bn to “type C” accounts — special accounts where western investors can receive profits from Russia, be it...
April 23, 2024
News updates from April 10: US inflation rises faster than expected; KPMG fined $25mn in cheating scandal
Risers and fallers in Europe
...Big share price moves in Europe today include Swiss confectionery producer Barry Callebaut and UK advertising and communications groups WPP and M&C Saatchi: Barry Callebaut: Shares in the Swiss chocolate...
April 10, 2024
LexTod's SpA
Tod’s owner bid hardly looks luxurious for minority investors Premium content
...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....
February 12, 2024
Legal & General Group PLC
Legal & General’s new chief promises ‘simpler investment case’
...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
March 6, 2024

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