L'Oreal wins 95 pct of Body Shop shares; offer now unconditional
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L&#039;Oreal, the world&#039;s leading cosmetics company, has announced that it now owned 95-percent of Body Shop International, the British firm renowned for its ethical hair and skin products.
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RESOURCES giant Xstrata announced its first triumph in its $7.4 billion takeover bid for WMC Resources yesterday - the purchase of 173,954 shares.
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A US buyout firm said it has acquired a majority stake in Jimmy Choo Ltd., the British-based luxury shoe label, in a deal valued at 101 million pounds ($187 million).
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Â· Cosmetic giant fined for recruitment campaign Â· First big French firm to be convicted of racial bias
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L'Oreal forecast another year of strong   growth as it posted first-half profits that beat expectations,   sending shares of the world's biggest cosmetics group to highs   not seen in more than four years.
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LâOrÃ©al, the cosmetics maker, said second-quarter sales rose 10 percent on gains in Eastern Europe and Asia and a recovery in North America. Sales rose to 4.25 billion euros ($5.85 billion) from 3.85 billion euros a year earlier. LâOrÃ©al, based in Paris, has expanded in emerging markets from Russia to Brazil to stoke growth as customers in those countries spend more money on cosmetics products. âOur most dynamic category was skin care,which has a lot of added value,â the chief executive, Jean-Paul Agon, above, said on a conference call.
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Shares of Orbitz (ORBZ) jumped more than 25% in after-hours trading Tuesday on reports that the travel and real estate company Cendant (CD) is close to an agreement to buy the online travel site for about $1.
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The brokerage will buy back more than 100 million of its shares at up to $22.50 each, and will pay a one-time dividend.
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Jones Apparel Group Inc.  said on Thursday it received an unsolicited bid from Fast Retailing Co. Ltd. to acquire Barneys New York Inc. for $900 million, which tops Jones' existing pact to sell the upscale clothing chain for $825 million.
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Jones Apparel Group Inc.  said on Thursday it received an unsolicited bid from Fast Retailing Co. Ltd.  to acquire Barneys New York Inc. for $900 million, which tops Jones' existing pact to sell the upscale clothing chain for $825 million.
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The developing biopharmaceutical company announces a share offering.
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Jones Apparel Group Inc.  said on Thursday it received an unsolicited bid from Fast Retailing Co. Ltd. to acquire Barneys New York Inc. for $900 million, which tops Jones' existing pact to sell the luxury department store chain for $825 million.
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Circuit City Stores Inc., the No. 2  U.S. consumer electronics chain, on Tuesday said it had  received an unsolicited takeover offer of $17 a share, or about  $3.25 billion.
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The Fast Retailing Company, the Japanese retailer that owns the Uniqlo line of stores, made an unsolicited $900 million bid for Barneys New York.
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The world's biggest cosmetics group,   L'Oreal OREP.PA, predicted another year of double-digit   earnings per share growth as it posted a forecast-beating 19.6   percent rise in first-half operating profit on Thursday.
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French cosmetics giant L'Oreal has posted first half net profits of 1.087 billion euros (1.39 billion dollars) and forecast growth in earnings of at least 10 percent for the whole of the year.
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WPP yesterday scored a victory for the big-is-best approach to the advertising business by winning a â¬1bn (Â£700m) Unilever account ahead of two smaller rivals.