|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||52.36 - 53.03|
|52 Week Range||42.01 - 58.18|
|Beta (3Y Monthly)||0.53|
|PE Ratio (TTM)||33.17|
|Forward Dividend & Yield||0.86 (1.63%)|
|1y Target Est||61.91|
The beauty world got a bit ugly, as a Delaware jury told L'Oreal they have to make up with California startup Olaplex, to the tune of $91.3 million. Beauty Complex Yesterday, a federal jury in Wilmington, Delaware, told L’Oreal to pay Olaplex “for stealing its trade secrets, breaching a contract and infringing two patents” in regards to a three-step system that protects hair during bleaching treatments. L’Oreal plans to appeal the verdict. Garage Days Olaplex is an online beauty store founded in a garage by two chemists that employs less than 30 people. One of its most popular products is an acid that strengthen and reconnect hair’s protein bonds during the bleaching process, which can sometimes be rough on the hair. Olaplex alleged that L’Oreal, which had previously tried to hire the two scientists who developed the process away after noting the product’s online buzz, stole the secrets of this process in 2015, when the company was in talks to buy the startup, thus violating a legally-binding confidentially agreement. L’Oreal denied this, claiming it developed a similar product independently. (Accusations from start-ups that big companies steal their ideas are hardly new.) Patent Pending In June, a U.S. District judge Joseph Bataillon ruled that L’Oreal had infringed on Olaplex’s patents, noting the company had done “actual monetary harm.” Today, L’Oreal’s stock dropped slightly. -Michael Tedder Photo: Benoit Tessier / REUTERS
France-based L'Oreal this week reported second-quarter and first-half 2019 results, which showed North America sales fell worse than expected at 1.1%. The beauty company was impacted by cyclical changes in the U.S. market, which is historically inconsistent and goes through periods of acceleration and slowdowns, Agon told CNBC. L'Oreal is "by far the number one player" in the market so naturally this presents a headwind for the company as a whole, the CEO said.
Maybelline maker L'Oreal on Tuesday posted weaker than expected second-quarter sales growth, with like-for-like revenue falling in North America as demand for make-up slows. L'Oreal, like rivals such as Estee Lauder, continues to benefit from strong demand across Asia, now its biggest market, with appetite for high-end brands particularly strong in China. The French cosmetic group's performance in North America deteriorated in the quarter after a bumpy start to the year, with comparable sales down 1.1% in the April to June period.
France's L'Oreal on Tuesday posted weaker than expected second-quarter sales growth, in part as demand for make-up products such as its Maybelline mascaras faltered in North America. L'Oreal, like rivals such as Estee Lauder, continues to benefit from strong demand across Asia, now its biggest market, and appetite for high-end brands like its Lancome and Giorgio Armani ranges is particularly strong in China.
When we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of L'Oreal S.A. Milan, July 18, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of L'Oreal S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Here are a few companies in the consumer staple industry, which is typically less volatile relative to other industries, that have the potential to outperform their peers.
(Bloomberg Opinion) -- The protests in Hong Kong have, rightly, captured the world’s attention. If the demonstrations provoke no small amount of anxiety for onlookers living abroad, the strain on the city and its residents is surely acute.With streets getting closed and travel disrupted, businesses there will inevitably feel an effect. The world’s most famous luxury goods brands will not be immune. Hong Kong accounts for between 5 percent and 10 percent of global luxury sales, according to Luca Solca, analyst at Bernstein. That shouldn’t be a surprise to any visitor. Luxury seems to be everywhere, from the vibrant Tsim Sha Tsui district, to the many big malls boasting everything from giant Louis Vuitton boutiques to top-end jewelers. Even with the opening of swathes of upmarket stores in mainland China, and the rise of Tokyo, Seoul and other rival destinations, Hong Kong remains an important center for wealthy Asian shoppers.There will clearly have been a hit to footfall for many brands since the public outcry over a proposed extradition law first started earlier this month. Some locations closed, including the Pacific Place mall, where most of the big labels are represented. Even if stores were open, shoppers may have been deterred from visiting affected areas.Of particular concern will be any impact on visits by Chinese consumers to Hong Kong. This is crucial for the industry, given that they account for a third of global sales. The longer the protests continue, the greater reason they will have to stay away. Further demonstrations are expected in the coming days, particularly around the anniversary of the 1997 handover to China on July 1. Quantifying the financial impact on the luxury market is difficult at this point. But recent events may provide some clues.Richemont said in January that the yellow vest protests in Paris had hurt sales in Europe in the third quarter of its financial year. The owner of the Cartier and Jaeger-LeCoultre brands had earlier noted that typhoons in Asia last September, which forced stores in Hong Kong to shut for a few days, contributed to a slow down in its sales in the region that month.Neither comparison is perfect. The yellow vest movement was particularly painful for shops, hitting Paris for six consecutive Saturdays in the crucial year-end holiday shopping period. Meanwhile, the typhoons didn’t just affect Hong Kong, but other Asian regions.But they do offer some indication of the headwind luxury goods groups may face. While there is some potential to make up for any lost footfall, it is limited.There is scope for spending in the region to simply shift to other locations. If so, luxury conglomerates LVMH and Kering will have the best defenses. Their diversified portfolios and extensive store networks give them a better opportunity to satisfy the demands of high-end customers. It also helps that LVMH’s Dior, and Kering’s Balenciaga are hot right now. And if Chinese consumers switch from large purchases to more affordable treats, sellers of premium cosmetics such as L’Oreal SA will also be well positioned.The trend for Chinese consumers to buy at home has been gaining ground for a while now, and recent events may accelerate this further. The shift has been driven by a reduction in duties on domestic purchases, eroding the premium that shoppers traditionally paid.Even so, Catherine Lim, analyst at Bloomberg Intelligence, says Chinese consumers may not be as extravagant at home as when they are travelling. On holiday, they may be more inclined to make impulse purchases. But even if the all-important Chinese shopper can buy in other locations, the question is whether he or she will still want to.The Chinese economy is fragile, and could worsen for any number of reasons, including an escalation in the trade war. That could create a serious drag on spending at the top end of the market. The luxury industry has so far withstood the U.S.-China standoff, and valuations have been relatively undisturbed. Forthcoming second quarter earnings will show whether the potentially toxic combination of nervous Chinese consumers and disruption to one of their favorite shopping haunts was enough to undermine that resilience.To contact the author of this story: Andrea Felsted at firstname.lastname@example.orgTo contact the editor responsible for this story: Jennifer Ryan at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
L'Oreal's virtual reality business ModiFace will provide make-up testing technology to Amazon, the French beauty group said on Tuesday, allowing customers of the shopping site to try on lipsticks using mobile phone videos or photos. The contract goes beyond make-up tests solely for L'Oreal's own brands, which include Maybelline and Lancome, but is limited to lipsticks for now.
By IPO Edge Contributor SmallCapTrader Natura Cosméticos S.A. is emerging as a global cosmetics powerhouse from Brazil to China and is acquiring Avon Products Inc.’s non-U.S. business for $2 billion to cement its global reach The deal will allow Avon investors to trade their ownership in a fading business for a big stake in […]
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! After reading L'Oréal S.A.'s (EPA:OR) most recent earnings announcement (31 December 2018), I found i...
Estee Lauder (EL) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
French beauty group L'Oreal said on Thursday that Axel Dumas, the CEO of Birkin-bag maker Hermes, had resigned as a board member as the luxury group starts work on its own line of cosmetics. Dumas confirmed in March that Hermes, which is principally known for its leather handbags but also already operates in perfumes, was due to branch into make-up by 2020, with skincare products due later. L'Oreal, which holds the cosmetics licences for fashion brands like Armani, said that investors present at its shareholder meeting on Thursday had approved the appointment of Fabienne Dulac, CEO of Orange France, to the board.
PARIS (Reuters) - L'Oreal's shares rose on Wednesday after the French cosmetics group beat first-quarter sales forecasts. The stock was up around 1.5 percent in early trading, among the biggest gains on ...