L’Oréal is the world leader in the cosmetics market (93% of global sales in 2011), a segment in which it operates with its own brands or operating license brands. Its portfolio includes L’Oréal, Lancôme, YSL, Garnier, Maybelline, Ralph Lauren and Armani. In addition, L’Oréal has a dermatology business line (3% sales’11) and owns The Body [...]
The bursting of the war bubble looms over the defence industry
An unwritten rule seems to warrant that US defence spending is kept immune to the ups and downs of the nation’s GDP. The extraordinary dimensions of the current economic downturn, nevertheless, is testing its past resilience to any sort of moderation. Public investment in military affairs has largely been the result of foreign policy and [...]
Weekend link fest
A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions. Do investing strategies need a tech revolution? Germany forgot about the 1930s
The euro contagion reaches Asia
LONDON | While the European Central Bank and the Spanish government argued on Wednesday about the best mechanism to salvage Bankia, Caroline Keen, a member of the team managing the Newton Asian income fund at investment house BNY Mellon, said euro crisis contagion was rapidly developing elsewhere, too. Keen warned that economic headwinds from the [...]
Japan, Asian real estate private equity funds’ favourite destination
Although the first signs of uncertainty have begun to emerge on the Asian continent with listed real estate companies trading at discounts, real estate fundamentals remain largely trusted. From the macro-economic perspective, Asian giants, China and India, continue to enjoy GDP growth rates of 9.1% and 7.7% respectively in Q3 2011, while other significant markets [...]
Asian universities outpace Europe in science and engineering student numbers
Asian countries train twice as many scientists compared to European member states, and three times as many engineers. This training gap is threatening the future of Europe’s economic recovery due to the lack of qualified scientific and technical human resources. Although the number of graduates in the fields is now increasing slowly, their academic achievement falls well [...]
BBVA’s president González: “The UK will accept the new EU measures”
MADRID | The president of BBVA, Francisco González, commented at a press conference in Seul during the inauguration of a new branch in the Korean capital, that the worst part of European debt crisis is already over. González’s statement did not go unnoticed in any of the Spanish economic newspapers. “Francisco González pointed out that there would [...]
