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☆ Indian court orders YouTube to remove fake news on Bachchan grandchild
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Francis Mascarenhas/File PhotoNEW DELHI, April 20 (Reuters) - The Delhi High Court on Thursday ordered YouTube to remove fake news videos about the grand-daughter of Bollywood superstar Amitabh Bachchan, in response to her petition to stop circulation of false rumours about her health, lawyers said. Judge C. Hari Shankar ordered YouTube to ensure the videos about Aaradhya Bachchan, 11, were taken down immediately. Three lawyers representing Aaradhya said in a statement that it was a landmark judgment as the court has upheld the privacy of a child. Aaradhya is the daughter of actors Abhishek Bachchan and Aishwarya Rai Bachchan and is frequently photographed accompanying them at public events. Aishwarya Rai Bachchan is a former Miss World and a brand ambassador for L'Oreal (OREP.PA).

☆ L'Oreal beats expectations with strong sales in U.S., Europe
▼ + stars: | 2023-04-19 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

PARIS, April 19 (Reuters) - L'Oreal reported a 13% rise in first quarter sales, beating expectations thanks to strong business in the United States and Europe as shoppers shrugged off rising prices, but said it had not benefited yet from the end of COVID-19 curbs in China. Sales of the French cosmetics group, which sells brands ranging from Maybelline to Lancome, came to 10.38 billion euros ($11.37 billion) over the first three months to the end of March. The 13% increase on an organic basis beat analyst expectations for 8.1% growth according to a consensus estimate cited by Barclays. Sales in Europe and North America grew by 16% and 16.6% respectively, with the company flagging a strong performance from its consumer products, which has been moving upmarket, as well as its dermatological beauty division, which sells CeraVe skincare. In mainland China, where the company said luxury sales were flat due to low inventories, consumer demand and store traffic resumed from February.

☆ This France ETF is booming despite domestic turmoil. Thank the Chinese consumer
▼ + stars: | 2023-04-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

EWQ ALL mountain The iShares MSCI France ETF is trading at close to its all-time high. To be sure, the outsized rallies for luxury stocks — and new highs for the fund — could also be a sign that a reversal is near, at least in the short-term. However, Roth MKM chief market technician JC O'Hara said in a note to clients on Sunday that it appears that luxury stocks still have room to run. "We first highlighted the strength of the Luxury Goods market in early December. Since that time, the S & P Global Luxury Goods Index has risen +13%, versus the S & P 500, +1.8%.

☆ The stock market rally in 2023 has added $213 billion to the wealth of the world's top 10 billionaires
▼ + stars: | 2023-04-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A strong start to the stock market this year has helped reverse some of the big losses billionaires saw in 2022. So far this year, the world's top 10 billionaires added a collective $213 billion to their net worth. MARTIN BUREAU/AFP via Getty ImagesNet Worth: $92.8 billion2023 Gain: $21.3 billionSource of Wealth: L'Oreal9. Elon MuskElon Musk Gilbert Carrasquillo/GC ImagesNet Worth: $180 billion2023 Gain: $43.2 billionSource of Wealth: Tesla, SpaceX, Twitter1. Bernard ArnaultEric Piermont/Getty ImagesNet Worth: $210 billion2023 Gain: $47.8 billionSource of Wealth: LVMH Moet Hennessy Louis Vuitton

MSCI's Europe index, for example, still trades more than a point below its average historic valuation - with the index priced at less than 13 times its 12-month forward earnings. The top sectoral weighting in the STOXX Europe 50, for example, is healthcare - at almost 23%. With British-based stocks the biggest country weighting in the STOXX Europe index at 26%, the other top four sectors in the index include the food, beverages and tobacco grouping, consumer products, industrial goods and energy. The dollar peaked late last year against most European currencies as the Federal Reserve raced to ratchet up interest rates. Some think the slide in the dollar index of some 12% since last September is barely half of the whole move.

☆ How much a part-time TikToker who posts career advice for his 74K followers earns per month — and how he navigates the industry
▼ + stars: | 2023-04-07 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

The 27-year-old makes TikTok videos giving career advice to Gen Z and millennial professionals. Now, he has 72,600 followers on TikTok, and has landed brand deals with companies like Google, L'Oréal, Adobe, Kiehl's, and Hollister. He was paid $300 to create three TikTok videos for $100 apiece. "All these brand deals come to me, I don't do any outreach," he said. Here's how much Rocker has made from brand deals in the past six months, which Insider verified with documentation:

☆ L'Oreal buys luxury brand Aesop from Brazil's Natura for $2.5 billion
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: +1 min

Aesop products sit on display for sale at their store on Abbott Kinney Blvd. French cosmetics group L'Oreal struck a deal with Brazil's Natura & Co to buy Aesop, its Australian luxury brand, at an enterprise value of $2.53 billion, both firms said on Monday. The deal expands L'Oreal's presence in the luxury cosmetics market, while marking a financial relief for the Brazilian firm, burdened by shrinking margins and heavy debt. "Aesop taps into all of today's ascending currents and L'Oreal will contribute to unleash its massive growth potential, notably in China and travel retail," L'Oreal CEO Nicolas Hieronimus said in a statement. For Natura, the deal adds to a broader organizational shakeup that saw former chief executive and executive chairman Roberto Marques step down in June last year, handing over the reins to Fabio Barbosa.

☆ L'Oreal plans to buy luxury skincare brand Aesop — known for its $90 serums and $40 hand wash that wealthy millennials can't get enough of — in a $2.5 billion deal
▼ + stars: | 2023-04-04 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +2 min

French cosmetics giant L'Oreal plans to buy Aesop for $2.5 billion. Aesop is an Australian skincare brand, known for its simple marketing and gender-neutral products. Aesop is an Australian brand that dates back to 1987 when founder Dennis Paphitis opened a Melbourne hair salon and began mixing essential oils into hair products. Today, it's known for luxurious home fragrances, hair oils, and skincare products, which are served up in apothecary-style brown bottles. It has become an aspirational brand for wealthy millennials who are happy to spend $40 on its hand wash to make their bathrooms look more upmarket.

☆ Morgan Stanley just revealed its best long-term stock picks in Europe
▼ + stars: | 2023-04-03 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Despite their underperformance in recent years, " quality" stocks have been persistent outperformers within European stock markets for decades, according to research from Morgan Stanley . The bank has revealed its "35 for 2025" list, featuring the bank's 35 best long-term picks in Europe. Notwithstanding recent price moves, quality stocks also look reasonably valued, with average relative valuations for the MSCI Europe Quality index below their 10-year average," Morgan Stanley's analysts, led by Giorgio Magagnotti, wrote in a note on Mar. British alcoholic beverage maker Diageo also makes an appearance, with Morgan Stanley confident of Diageo's ability to deliver "superior" growth. Within the semiconductor space, ASML is Morgan Stanley's top pick.

☆ L'Oreal buys luxury brand Aesop from Brazil's Natura for $2.5 bln
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of French cosmetics group L'Oreal in the western Paris suburb of Levallois-Perret, France, February 7, 2020. REUTERS/Gonzalo FuentesSAO PAULO, April 3 (Reuters) - French cosmetics group L'Oreal (OREP.PA) struck a deal with Brazil's Natura & Co (NTCO3.SA) to buy Aesop, its Australian luxury brand, at an enterprise value of $2.53 billion, both firms said on Monday. The deal, L'Oreal's largest ever brand acquisition according to Dealogic data, expands the firm's presence in the luxury cosmetics market, while also providing the Brazilian company with some financial relief amid shrinking margins and heavy debt. The acquisition is also the third largest on record of an Australian company in the consumer products sector, the data showed. "Aesop taps into all of today's ascending currents and L'Oreal will contribute to unleash its massive growth potential, notably in China and travel retail," L'Oreal CEO Nicolas Hieronimus said in a statement.

☆ Italy's Illycaffe aims to make a bigger splash in the U.S. market, CEO says
▼ + stars: | 2023-03-30 | by ( Elisa Anzolin | ) www.reuters.com time to read: +2 min

North America already accounts for one fifth of the Italian group's revenues and reported a 27% increase in sales last year. Illycaffè reported a 14% increase in revenues to 568 million euros ($615 million) last year. Operating profit grew to 71.4 million euros, despite a 43 million euro increase in costs, mainly linked to increased prices for raw coffee beans, energy and logistics. Scocchia expects an increase in revenues and profitability this year, but the sales growth could be slower compared to last year. The group plans 270 million euro in investments by 2026, with 120 million euros earmarked to enlarge its plant in Trieste in northeast Italy which will double its production capacity.

☆ A portfolio manager at a $41 billion investment firm explains why US stocks aren't as attractive as their international counterparts — and shares 5 recession-resistant stocks to buy now
▼ + stars: | 2023-03-29 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +8 min

Portfolio manager Emily Leveille shared 7 international stocks investors should consider buying now. After lagging behind their American counterparts for years, international equities may finally give US stocks a run for their money in 2023. Leveille is a portfolio manager who oversees the international growth strategy at Thornburg Investment Management, a firm with $41 billion in assets under management. As growth becomes more scarce during an economic slowdown, she believes that companies with resilient growth characteristics are best positioned to outperform. Another luxury brand Leveille owns is LVMH (LVMHF), which is known for its signature Louis Vuitton handbags.

☆ 3 things plaguing Olaplex that have nothing to do with the hair loss lawsuit
▼ + stars: | 2023-03-20 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Olaplex is facing a lawsuit from users claiming the products made their hair fall out. The hair care brand is defending itself against a lawsuit from a growing number of users who claim that the company's bond-building products damaged their hair. Olaplex is investing in sales and marketing campaigns to boost sales — a move that risks disappointing investors focused on the company's profitAs a young brand, Olaplex kept its marketing and sales budgets slim. "However, [Olaplex] is now recognizing the need to invest in marketing and sales to support growth," the TD Cowen analysts said. A full set of Olaplex products costs $240 on the company's website.

"Most luxury retailers don't think Hong Kong will return to the dizzy levels of 2014 when the market here peaked," said Simon Smith, Savills' senior director of research and consultancy in Hong Kong. Morgan Stanley (MS.N) forecast Hong Kong visitor numbers this year will reach just 70% of 2018 arrivals. It estimates retail sales will grow 15%, holding at around 80% of retail trade from the pre-COVID year. That outstripped total Hong Kong retail sales from a peak hit in 2013 at HK$494.5 billion ($63.0 billion), according to the city's statistics department. ($1 = 6.8510 yuan)($1 = 7.8498 Hong Kong dollars)Reporting by Farah Master, Jessie Pang, Anne Marie Roantree, Angel Woo and Donny Kwok in Hong Kong, Sophie Yu in Beijing, and Mimosa Spencer in Paris; Writing by Miyoung Kim; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ LVMH rejigs beauty division, names Stephane Rinderknech CEO
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

PARIS, March 6 (Reuters) - LVMH (LVMH.PA), the world's largest luxury company, on Monday named Stephane Rinderknech as chairman and CEO of its beauty division, rounding out a series of broader management changes at the owner of Guerlain and Parfums Christian Dior. Rinderknech will take up global responsibility for the group's beauty business, while Guerlain head Veronique Courtois becomes president and CEO of Parfums Christian Dior. Make Up For Ever head Gabrielle Saint-Genis Rodriguez will be president and CEO of Guerlain. The changes come as luxury groups, which have been riding a strong wave of post-pandemic demand for designer labels, look to expand in their beauty activities. As part of that process, the group in January folded Tiffany into the watches and jewellery division, under the management of Stephane Bianchi.

☆ Nestle full year profit misses forecasts despite price increases
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +2 min

The maker of the KitKat chocolate bar and Nescafe instant coffee said its net profit attributable to shareholders fell to 9.3 billion Swiss francs ($10.08 billion), missing forecasts for 11.6 billion francs in a company gathered consensus of analysts. Sales increased to 94.4 billion francs, missing forecasts for 95.02 billion francs, despite price increases introduced during the year. Nestle had targeted organic growth of 8% for the year. Pricing was by far the biggest component of the organic growth, increasing by 8.2%. "Organic growth was solid, margins continued to be resilient, and our underlying earnings per share development was strong."

☆ 2 portfolio managers at a $24 billion firm share 8 stocks that are pursuing innovation even in a slowing economy — and explain why investors should focus on boring businesses for success during a rece
▼ + stars: | 2023-02-15 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

David Souccar and Daniel Kranson, portfolio managers focused on global equities at Vontobel Quality Growth — which manages $24 billion in assets — are following the same philosophy. But they believe that investors can still find innovative and growth-oriented companies when they go looking for high-quality stocks. That may seem counterintuitive, since growth stocks have recently struggled against their value peers as investors have reemphasized fundamentals. Boring stocks can be the most innovativeSometimes, quality growth stocks like the ones Souccar and Kranson invest in can be more boring than companies with high speculation and flashy CEOs. So as life goes back to normal, there is going to be an acceleration of earnings growth," Souccar said.

☆ U.S. demand boosts L'Oreal fourth-quarter sales, China weighs
▼ + stars: | 2023-02-10 | by ( ) www.cnbc.com time to read: +1 min

L'Oreal posted 8.1% sales growth in the fourth quarter, a touch slower than in the previous three months, with firm demand in the United States and Europe helping to offset the dent from coronavirus disruptions in China. The cosmetics company, which sells Maybelline mascara and CeraVe skincare, recorded sales for the last three month of 2022 of 10.3 billion euros ($11.1 billion), in line with analyst expectations, according to Refinitiv data. The 8.1% growth rate for the three months to end-December compared with a 9.1% increase in sales in the third quarter. Overall revenues were boosted by 9.4% like-for-like growth in the United States and 8.1% growth in Europe, although the company said it saw a "drastic slowdown" in China in the second half of the year. L'Oreal grew faster than the market average across all its regions, Chief Executive Nicolas Hieronimus told CNBC's Charlotte Reed in Paris, with Europe proving a "pleasant surprise."

☆ A global recession could be coming - at least that's what commodity prices seem to say
▼ + stars: | 2023-02-09 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Right now, the chief economist at the Institute of International Finance, Robin Brooks, is watching weakening commodity prices. Specifically, Brooks pointed out that oil and copper prices have slumped roughly 6% each since mid-January, despite China's easing of zero-COVID policies. "Whatever is going on in China, there's no sign that the end of zero-COVID is boosting global growth, based on commodity prices," Brooks said in a tweet. "Oil prices never went up and copper prices are falling after the initial China reopening excitement fades." He pointed to the sharp change in oil prices last week as an example of shallower liquidity.

SummarySummary Companies Number of cases totals 57, court records showFeb 6 (Reuters) - Nearly 60 lawsuits claiming hair relaxer products sold by L'Oreal USA Inc and other companies cause cancer and other health problems will be consolidated in Chicago federal court, according to a Monday order from the Judicial Panel on Multidistrict Litigation. At least 57 lawsuits have been filed in federal courts across the country over the products, which use chemicals to permanently straighten textured hair, court records show. The lawsuits allege the companies knew their products contained dangerous chemicals but marketed and sold them anyway. In a statement posted online after the first lawsuits were filed, L'Oreal said it is "confident in the safety of our products and believe the recent lawsuits filed against us have no legal merit." She estimates that thousands of women could end up suing over the products, which are typically marketed to women of color.

☆ I'm an Amazon influencer who makes $1,000 or more a month. Here are my best tips for building this online side hustle.
▼ + stars: | 2023-02-02 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

Elena Duque is a guest host on the TV channel QVC and has a side hustle as an Amazon influencer. She earns commission by promoting products on TikTok, Instagram, and her blog. Her tips include talking about one Amazon product per post and including a clear call to action. I make at least $1,000 a month in affiliate commissions by sharing my favorite products on Pinterest, TikTok, and my blog. Here's my advice to anyone trying to start a lucrative side hustle as an Amazon influencer.

☆ Wall Street says Europe's a better bet than the U.S. right now — and names its top stock picks
▼ + stars: | 2023-01-30 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

European stocks are are having a good year so far. While the underperformance has been marginal, the outlook for U.S. stocks is decidedly more muted — Wall Street is still wary of a recession. European stocks are therefore worth a look in the near term, according to Bernstein, which expects more upside for them. Stock picks One of Bernstein's top plays is low leverage stocks, which the bank defines as stocks with a low net debt to equity ratio. Bank of America has a number of European picks with exposure to higher Chinese consumer spending and improving overall demand in light of China's reopening.

☆ A TikToker is facing backlash for arguing that it's OK to lie about sponsored products amid the 'MascaraGate' scandal
▼ + stars: | 2023-01-27 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

'MascaraGate' has consumed TikTok, with a beauty guru being accused of false advertising. Mads Lewis, a TikToker with over 12 million followers, argued in a now-deleted video that deception is pervasive across the advertising industry. Lewis said in her original TikTok, apparently in response to criticism of Nogueira helmed by commentary creator Angelika Oles. "I know it's false advertising, but isn't everything false advertising? "Sorry, if somebody put $200,000 in your face and said, 'Hey, promote my shitty mascara,' I don't think you'd think twice about it."

☆ L'Oréal: 100% of plastic packaging to be refillable, reusable by 2025
▼ + stars: | 2023-01-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailL'Oréal: 100% of plastic packaging to be refillable, reusable by 2025L'Oréal Chief Corporate Responsibility Officer Alexandra Palt discusses how the world's largest cosmetics company is tackling its sustainability targets.

☆ Some of the most controversial beauty gurus are speaking out as a TikTok star's mascara review stirs up explosive drama on the app
▼ + stars: | 2023-01-27 | by ( Andrew Lloyd | ) www.businessinsider.com time to read: +6 min

Controversial beauty gurus Jeffree Star and James Charles are among those weighing in on the drama. The video received over 47,800 comments, many of which doubted the end result of the product and accused Nogueira of wearing synthetic lashes. " On January 26 he posted a TikTok video with the caption, "An UNsponsored Loreal Telescopic Mascara review." Beauty guru Alissa Ashley posted a TikTok video accusing Nogueira of, as she phrased it, "allegedly putting on a false lash to promote a mascara." Beauty YouTuber Raw Beauty Kristi also weighed in with a TikTok saying, "I think it's our responsibility and duty as influencers to keep our authenticity.

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