Croda names CFO and Executive Director
Croda has announced the appointment of Stephen Oxley as Chief Financial Officer and Executive Director, effective April 1, 2025 at the latest. Oxley joins from Johnson Matthey where he holds the role of CFO.
Natalia Vodianova Becomes Key Shareholder in Niance
Swiss Health & bioBeauty AG, the owner of luxury beauty and longevity brand Niance, has announced that internationally renowned supermodel, philanthropist, and investor Natalia Vodianova has become a key shareholder.
Bernard Arnault Invests in Richemont
Bernard Arnault, the billionaire founder of LVMH, has acquired shares in Richemont, the Swiss luxury conglomerate known for its high-end jeweller Cartier.
Dsm-firmenich issues €800 million long-term bond
DSM-Firmenich has announced the launch of its inaugural €800 million bond with a 10-year maturity due in 2034 at a coupon of 3.625 percent. The bond will be issued by DSM and guaranteed by DSM-Firmenich under the cross-gurantee structure.
Eurofins stock plunges as short-selling rumors swirl
Eurofins shares were sent into freefall after the testing firm was implicated in Carson Block’s Muddy Waters research. Stock plummeted in value by up to 25 percent, wiping some €2.3 billion from the company’s market value.
THG signs over luxury goods websites to Frasers in partnership deal
THG Ingenuity and Frasers Group have agreed a partnership across several areas. Under the terms of the deal, THG will sell its portfolio of luxury goods website to the Sport Direct owner, including coggles.com.
Shein files secret papers ahead of rumored London IPO
Shein is said to have filed confidential papers with UK regulatory bodies in advance of a possible IPO on the London Stock Exchange. The Chinese fast fashion firm is thought to be preparing to list in the second half of the year.
Augustinus Bader Sales to Top US$130 Million This Year
Ultra-premium skincare brand Augustinus Bader is projecting a 40% increase in sales for 2024, aiming to surpass US$130 million in revenue.
Tate & Lyle to Acquire CP Kelco in $1.8 Billion Deal to Enhance Plant-Based Product Portfolio
Tate & Lyle, the British sweetener maker, announced a $1.8 billion acquisition deal to buy U.S.-based CP Kelco.
Beiersdorf CEO: Our market share is growing in China but it’s tough out there
Beiersdorf CEO, Vincent Warnery warned investors that China’s luxury skin care market is declining strongly and that the company expects that the second quarter of the current financial year will be difficult for China’s prestige skin care sector after a tough first quarter.
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