Streetbeat News

LRLCF

L`Oreal

http://www.loreal.fr/

CEO

Jean-Paul Agon

Industry

Soap and Other Detergent Manufacturing

Open

357.00

Mkt cap

191B

Volume

High

357.00

P/E Ratio

28.22

52-wk high

506.41

Low

357.00

Div yield

0.02

52-wk low

331.35

Blackstone Inc. (NYSE:BX) is reportedly nearing a deal to privatize L'Occitane, potentially ending its 14-year listing on the Hong Kong Stock Exchange. The deal, which could be announced soon, involves Blackstone offering debt financing for the acquisition. L'Occitane faces stiff competition in China from companies like L'Oreal Co. (OTC:LRLCF) and Estee Lauder Companies, Inc (NYSE:EL). Blackstone's stock has gained over 58% in the past year, and investors can also gain exposure through LBO and GABF ETFs.

Portfolio Pulse from Nabaparna Bhattacharya

April 09, 2024 | 10:47 am

L'Oreal SA is reportedly considering acquiring a minority stake in the Omani luxury fragrance brand Amouage, which is valued at over €3 billion. Amouage, known for its high-end perfumes, reported retail sales exceeding $210 million in 2023. L'Oreal's shares closed lower by 2.28% at $90.94.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 10:30 am

China's Singles' Day, a massive shopping event, outperforms the U.S. Black Friday with significant growth and sales. Major e-commerce players like Alibaba, JD.Com, and PDD Holdings participate, with global brands such as Nike, Lululemon, Estee Lauder, Procter & Gamble, Apple, and L'Oreal benefiting from their presence on Alibaba's Tmall platform. Despite past successes, some brands are cautious about this year's event due to a softer market trend.

Portfolio Pulse from Nabaparna Bhattacharya

November 11, 2023 | 6:20 pm

L'Oréal Co. (OTC:LRLCF) (OTC:LRLCY) is undergoing significant transformations under its CEO, Nicholas Hieronimus, who projects the beauty market to reach $426.8 billion by 2030. The company is integrating advanced technology and investing over $1 billion annually in beauty tech. L'Oréal is also committed to sustainability and plans to use 100% recycled plastic by 2030. Other beauty stocks with upward potential include Coty Inc. (NYSE:COTY), Ulta Beauty, Inc. (NASDAQ:ULTA), and Inter Parfums Inc (NASDAQ:IPAR).

Portfolio Pulse from Nabaparna Bhattacharya

September 23, 2023 | 8:20 pm

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