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Francoise Bettencourt Meyers, heiress of L’Oreal, has experienced a significant decline in her fortune this year but continues to invest in French startups. Her family’s investment firm, Tethys Invest SAS, is set to acquire a 13% stake in software supplier Septeo SAS, valued at over €3 billion, alongside Singapore’s GIC, while private equity firm Hg will maintain a majority stake.
Bath & Body Works has raised its full-year profit forecast, anticipating a smaller decline in annual sales due to strong holiday demand and new product launches, including winter fragrances. The company now expects net sales to decrease by 1.7% to 2.5%, an improvement from previous estimates, and reported a 3% sales increase to $1.61 billion for the third quarter, surpassing expectations. Adjusted earnings per share are projected between $3.15 and $3.28, reflecting a positive outlook amid a challenging retail environment.
UBS has maintained a 'Neutral' rating on L'Oreal with a target price of 409 euros, following mixed signals from competitor Coty's recent first-quarter results. Analyst Guillaume Delmas noted positive trends in fragrances but highlighted concerns in the mass make-up segment.
UBS has maintained a 'Neutral' rating on L'Oreal with a target price of 409 euros, following mixed signals from rival Coty's recent sales figures. Analyst Guillaume Delmas noted positives in fragrances but highlighted concerns regarding mass make-up, especially after Coty's sales warning in October.
Starboard Value has taken a position in Kenvue, aiming to enhance revenue growth and margins in its underperforming Skin Health and Beauty segment. The activist investor advocates for a "marketing first" strategy, leveraging social media and celebrity partnerships to drive brand recognition and sales, as seen with Kenvue's recent Neutrogena Collagen Bank launch. Despite strong brand potential, Kenvue has struggled with organic growth, particularly in Skin Health and Beauty, which delivered only 1.8% growth compared to peers' 4.4%.
France’s luxury and cosmetics billionaires, including Bernard Arnault, Francoise Bettencourt Meyers, and Francois Pinault, have collectively lost $58 billion as consumer spending shifts from pandemic-era splurges to more restrained purchasing habits. This decline marks a significant change in the fortunes of these industry titans.
UBS has lowered its target for L'Oréal to 409 euros, maintaining a 'Neutral' rating. As the world's leading cosmetics group, L'Oréal's sales are primarily driven by skin care (39.9%), make-up (19.7%), and hair care (15.4%), with a diverse brand portfolio across consumer, luxury, active, and professional products. Geographically, net sales are distributed with Europe at 31.6%, North America at 27%, and North Asia at 25.9%, among others.
UBS has lowered its price target for L'Oreal, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that the analysis is provided "as is" without any warranties, and the opinions expressed do not reflect its views. The institution maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.
UBS has lowered its target for L'Oréal to 415 euros, maintaining a 'Neutral' rating. As the world's leading cosmetics group, L'Oréal's sales are primarily driven by skin care (39.9%), make-up (19.7%), and hair care products (15.4%), with significant contributions from luxury and active cosmetics. Geographically, net sales are distributed across Europe (31.6%), North America (27%), and North Asia (25.9%), among others.
L'Oréal S.A.
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