Hints and tips:
...Christie’s total, up 17 per cent on last year, was boosted by 25 Surrealist works, which included the week’s top lot, René Magritte’s late “L’ami intime” (1958), hammering to little fanfare for £29mn (£33.7mn...
...“We’re not counting on travel retail to get back to prior levels,” chief financial officer Tracey Travis told analysts during an earnings call on Wednesday....
...In a separate case, France’s data protection authority, the Commission Nationale de l’Informatique (CNIL), on Wednesday fined Apple €8mn, citing data protection breaches in how the company tailors advertisements...
...German shoemaker Birkenstock’s IPO, meanwhile, could be valued above $8bn — unlocking a big return for its owner L Catterton, the private equity firm backed by French luxury fashion house LVMH....
...Xavier Hufkens’s roster includes everyone from Tracey Emin and Lynda Benglis to Paul McCarthy and Roni Horn....
...Chantiers de l’Atlantique is held by the French state through its shareholding agency....
...In the wake of the Covid-19 pandemic in Europe, regulators have delayed launches of competition probes, including into Boeing’s acquisition of Embraer, the purchase of Chantiers de l’Atlantique by Fincantieri...
...Hide behind a hearing with a famous whistleblower, writes Javier Espinoza in Brussels....
...The French government said it “remains the main shareholder of Chantiers de l’Atlantique” and would “support the company for as long the crisis lasts”....
...Heidelpay enables its clients to accept online and mobile payments, and is used by more than 30,000 merchants including companies such as L’Oréal....
...L’Occitane en Provence, commonly known as L’Occitane, manufactures and sells beauty and wellbeing products that use natural and organic ingredients....
...Shipwrecked: Fincantieri and Chantiers de l’Atlantique merger The combination of Italy’s Fincantieri and France’s Chantiers de l’Atlantique now lies in ruins on the sea floor of the Mediterranean....
...In Brussels, regulators have suspended work on three proposed mergers, including Boeing’s acquisition of Embraer and the purchase of Chantiers de l’Atlantique by Fincantieri....
...“This deal hits the sweet spot of regulators and it is a deal they will analyse in great detail,” an insider told DD’s Javier Espinoza....
...I’ve been seeing Tracey for more than 20 years....
...Chantiers de l’Atlantique is a French shipbuilding company held by the French state through its shareholding agency....
...EU officials want to do something about it pronto, writes DD’s Javier Espinoza....
...javier.espinoza@ft.com; @JavierespFT...
...“The exit from Skin Health is another reason we also expect an announcement in the coming months of a gradual further exit of the 23pct stake in L’Oreal as well....
...K&L Gates has added a team of lawyers from Holding Redlich to its corporate practice in Melbourne, led by Harry Kingsley....
...A sale could give shares in L Brands a much-needed lift....
...K&L Gates has hired Stephen Bittinger as a partner in the law firm’s healthcare practice. He joins from Nexsen Pruet....
...Periwal was formerly at L&L Partners. Smart reads Clean as a whistle People in the business world can suffer from reputational blowbacks in the seconds it takes someone to google their name....
...The business initially operated under the name Galderma, a Swiss dermatology group that Nestlé had previously jointly owned with L’Oréal....
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