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...Increases in the volume of products consumers bought contributed 4 per cent to 2023 revenue growth, Hieronimus said, while the rest came from pricing.* L’Oréal only passed on two-thirds of its input cost...
...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...
...L’Oréal urges every customer to splurge on its products “because you’re worth it”. Investors may now wonder whether the €225bn French hair and skincare behemoth deserves its lofty valuation....
...Charles Palmer Auckland, New Zealand...
...In the wake of luxury group LVMH’s results last week, this reflects a broader trend seen towards more normal levels of growth in top-tier product categories after several years of record sales....
...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
...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....
...The company also develops haircare products aimed at professionals for treatments, colouring and styling, with 18,000 formulas so far....
...There are some undernourished populations who indeed lack essential nutrition that may be provided by accessing more eggs, dairy and meat — but food should be produced locally where it’s needed...
...Analysts have argued that improvements in Tod’s product offering and earnings have not been reflected in the share price and that it is complicated for small luxury groups to execute turnarounds as listed...
...Estée Lauder and L’Oréal did not respond to a request for comment....
...Galderma might be tempted to shoot for L’Oréal-like multiples — which is roughly what is implied by that mooted $20bn valuation....
...The company’s own products now account for more than 90 per cent of all sales....
...“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...
...Asked how APC’s relationship with L Catterton is developing, Touitou describes it as “fruitful”....
...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....
...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...
...The government needs to use every means at its disposal to bring into service Hinkley Point C, Sizewell C, the large-scale reactors at Wylfa in north Wales, and its small modular reactor programme...
...Price increases and new product launches accounted for 38 per cent of growth in the first half, partly in response to inflation input costs....
...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’....
...Put simply, biotech uses living organisms to create new products, technologies and solutions....
...Galderma’s growth has been driven by specialist skincare products such as Cetaphil, treatments for acne, rosacea and sensitive skin....
...When ethical beauty entrepreneur Anita Roddick sold The Body Shop to L’Oréal in 2006, cynics predicted it would lose its mojo....
...Earlier this month, L Catterton-backed online beauty products retailer Oddity Tech raised more than $400mn when it listed on the Nasdaq stock exchange....
...Built for comfort, not speed is a good slogan for annuities — an insurance product offering retirees steady, long-term income....
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