OR L'Oréal S.A.

L'Oréal (ENXTPA:OR) has entered talks to acquire a minority stake in Giorgio Armani as part of Armani's wider reshuffle. The potential deal would deepen a long running licensing partnership between the two groups in fragrances, cosmetics and skincare. Armani's overhaul also includes leadership changes and a refreshed brand strategy alongside the exploration of new external investors. L'Oréal's move to discuss a minority Armani stake comes alongside broader shifts our research is tracking...

L'Oréal has delivered a 13.5% return over the past five years, yet the recent mix of acquisitions, legal headlines and sustainability initiatives leaves a simple question for investors. Is the current share price near €380 being fairly supported by the cash the business is expected to generate over time, or has sentiment moved ahead of those flows? A 13.5% gain over five years puts real weight on whether L'Oréal's long term cash generation can keep justifying the market's patience. The...

L'Oréal’s new bond deal puts balance sheet and funding plans in focus L'Oréal (ENXTPA:OR) has just priced a €2b multi tranche bond offering, including floating and fixed rate notes. The proceeds are earmarked for general corporate purposes and admission to trading on Euronext Paris. L'Oréal’s new bond issue lands as the share price edges up 0.8% on a 1 day basis and records a 5.6% share price return year to date. The 1 year total shareholder return of 7.5% and 5 year total shareholder return...

The two companies clarified that the funding will be strictly financial and minority in scope.

The duo will jointly take minority shares in brands they consider having strong consumer traction and distinct propositions.

This clearance comes after L'Oréal disclosed in June its intention to purchase a controlling stake in Innovist.

L'Oréal's Zoe Housman joins NYSE Floor Talk

LVMH Moët Hennessy Louis Vuitton Société Européenne (ENXTPA:MC) has been overtaken by L’Oréal as France’s most valuable listed group for the first time since 2017. The shift in market capitalization has sharpened focus on how LVMH positions its flagship label Louis Vuitton within the global luxury handbag market. Analyst debate is growing over whether Louis Vuitton should introduce lower priced handbags to broaden its customer base and support sales momentum. The loss of France’s top market...

It was the first time since 2017 that a non-luxury company took pole position.