L1 Retail to purchase Holland & Barratt in £1.8 billion deal
L1 Retail has seen off competitors to acquire health and wellness retail store Holland & Barratt in a £1.8 billion deal. The first investment for L1 Retail, part of the LetterOne operation owned by Russian billionaire Mikhail Fridman and headed up by Chairman...
Lumson Group acquires Leoplast cosmetics manufacturer
Lumson Spa has announced an agreement for the acquisition of Leoplast make-up manufacturer into the Lumson Group portfolio. The acquisition is aimed to boost Lumen’s lead in the high-end make-up category and strengthen its production capacity of primary packaging for...
Unilever enters luxury color cosmetics realm with acquisition of Hourglass
Unilever has announced that is has signed an agreement to acquire luxury color cosmetics brand Hourglass for an undisclosed sum. The deal is expected to complete in the third quarter of 2017, subject to regulatory requirements. “We are delighted to be adding Hourglass...
Body Shop acquisition bid hots up with China’s Fosun joining the race
The auction for L’Oréal-owned The Body Shop is heating up with Chinese Fosun said to have added in a bid at the final hour before Monday’s deadline of second round bids, according to FastFT. According to reports, the Chinese investment company’s bid for the failing...
Investindustrial drafts in Alibaba founder to join The Body Shop bid
Investindustrial has offered Alibaba Founder Jack Ma’s Blue Pool Capital an in on its bid for The Body Shop, according to a report published by Reuters. The Hong Kong-based investment vehicle has been invited to team up with the European private equity firm and...
Evonik to transform into ‘best in class’ specialty chemicals company
Evonik has released a new strategy to better balance its portfolio and accelerate growth. Under new leadership, the company is aiming to become ‘best in class’ in the specialty chemicals field. “I am excited at the opportunities that lie ahead for Evonik,” said Chief...
AkzoNobel victorious in court battle to remove Chairman
The Commercial Court of the Netherlands has ruled that AkzoNobel is not compelled to honor demands from activist shareholder Elliott Management that Chairman Antony Burgmans step down, according to a report published by Bloomberg. The verdict, which was delivered late...
AmorePacific to launch Sulwhasoo in France’s Galeries Lafayette
Sulwhasoo is set to launch onto the French market this fall, according to a report published by The Korea Times. The AmorePacific-owned brand will debut via an independent store within upmarket French department store Galeries Lafayette in September. The store will...
PPG requests extension to filing deadline for AkzoNobel formal offer
AFM, the Dutch financial markets regulator, has confirmed that it has received a request from PPG for an extension to the deadline by which it must submit a formal offer for AkzoNobel, according to a report published by Reuters. PPG CEO Michael McGarry had earlier...
Orkla expands in the personal care industry with Riemann Holding acquisition
Orkla has announced the acquisition of personal care company Riemann Holding for an undisclosed sum. Norwegian personal care company Orkla holds a strong position in the sun protection and antiperspirant markets and is hoping to strengthen its foothold in the pharmacy...
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