Bloomberg Business

L’Occitane Boss May Seek More Love for Skincare Chain in Europe

Austrian billionaire Reinold Geiger doubled sales at beauty-shop chain L’Occitane International SA over the past decade through clever marketing involving free samples and recurrent mailings to get consumers to buy the latest floral-scented skin creams.

Brazil Moves to Allow Amazon Oil Drilling, Marring Lula’s Summit

President Luiz Inacio Lula da Silva’s government is moving toward allowing Brazil’s state-run oil company to survey an ecologically sensitive offshore region, a decision that threatens to overshadow a major environmental summit and feed a festering dispute in his administration.

India’s Grain Stockpiles Key to Modi’s Pre-Election Strategy

Last year, Prime Minister Narendra Modi said India could feed the world. This year, the world’s top rice exporter is instead curbing grain sales, rushing to ease rising food inflation at home as next year’s general election approaches.

Swimming Pool Manufacturers Slash Profit Forecasts Despite Extreme Heat

Swimming pool manufacturers in the US are slashing their profit outlooks for the year even as July was officially declared the world’s hottest month on record, a contradiction that illustrates just how vast and profound the fallout from rapid interest rate hikes has been.

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