By Mathieu Rosemain, Andres Gonzalez and Mimosa Spencer PARIS (Reuters) -Kering’s new CEO Luca de Meo didn’t take long to make his mark. While preliminary conversations between the Gucci owner and L’Oreal over the sale of Kering’s beauty business had begun in the spring, before de Meo was appointed, the pace picked up once the …
How fast-moving de Meo secured L’Oreal deal to ease Kering’s strain Read More »
By Linda Pasquini and Leo Marchandon (Reuters) -Gucci-owner Kering has agreed to sell its beauty business to L’Oreal for 4 billion euros ($4.7 billion) in a strategic shift by new CEO Luca de Meo, who is trying to cut the luxury group’s debt and refocus on its fashion business. WHAT IS THIS SALE ABOUT? The …
Explainer-Why Gucci-owner Kering is selling its beauty business to L’Oreal Read More »
MILAN (Reuters) -Workers at Italian units of French luxury group Kering will stage a four-hour strike on Tuesday, unions said, citing what they said was the company’s unwillingness to engage in dialogue over issues such as remote working. The action will affect staff at Kering brands including Gucci, Balenciaga and Yves Saint Laurent, with demonstrations …
Kering workers in Italy to strike over ‘unilateral decisions’ by the company Read More »
By Gianluca Lo Nostro (Reuters) -French IT group Atos reported a sharp drop in quarterly revenue on Monday, owing to key contract losses, and said it would only target acquisitions from 2026. WHY IT MATTERS Atos, which owns the supercomputers serving France’s nuclear deterrent capabilities, completed a sweeping financial restructuring last year after financial troubles …
France’s Atos posts sales dip, targets M&A from 2026 Read More »
MILAN (Reuters) -Stellantis CEO announced on Monday 400 new hires in Italy and confirmed plans to ramp up output in the country while warning that European Union rules to cut carbon emissions need to be changed to support car production in the region. Antonio Filosa, who met Italian unions in Turin in one of his …
Stellantis CEO calls for softer EU emissions rules as he announces new hiring in Italy Read More »
By Amy-Jo Crowley LONDON (Reuters) -The private equity owner of Octus is in the early stages of preparing the financial news provider for a sale, three people familiar with the matter said. London-based buyout group Permira has held initial talks with investment bankers about a sale of Octus, known as Reorg until last year. The …
Exclusive-Financial data group Octus readied for $4 billion-plus sale, sources say Read More »
LONDON (Reuters) -The European Bank for Reconstruction and Development is looking to step up its support for Ukraine’s state oil and gas company Naftogaz following Russian attacks on the country’s energy infrastructure this month, the bank’s president told Reuters. Large and coordinated Russian air attacks on Ukraine’s energy infrastructure earlier in October forced the country …
EBRD seeks to boost support for Ukraine’s Naftogaz Read More »
(Reuters) -UK’s blue-chip FTSE 100 index rose on Monday, led by gains in defence and mining stocks as easing trade tensions lifted risk appetite, while homebuilder shares slid following a survey indicating stagnant housing prices. The blue-chip FTSE 100 gained 0.6% to 9,412.71 points, having dropped 0.9% the previous session. The mid-cap focused FTSE 250 …
London stocks rise on boost from defence, mining stocks Read More »
By Christoph Steitz FRANKFURT (Reuters) -Warship builder TKMS rode a global defence boom to reach a valuation of 5.15 billion euros ($6 billion) in its blockbuster stock market debut on Monday, around twice what analysts had expected. The listing of TKMS is the German conglomerate Thyssenkrupp’s latest move to simplify its structure and take advantage …
Warship builder TKMS rides defence boom to blowout stock market debut Read More »
STOCKHOLM (Reuters) -Swedish green steel startup Stegra has appointed board member Shaun Kingsbury as its new chair, replacing company co-founder Harald Mix who will remain on the board, the company said in a statement on Monday. Stegra, which said last week it plans to raise some $1.1 billion in additional funding, also announced it had …
Swedish green steel startup Stegra replaces board chair Read More »
