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L’Oréal Overtakes LVMH as France’s Most Valuable Listed Company

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L’Oréal became France’s most valuable listed company on Tuesday, overtaking luxury giant LVMH as weaker demand continues to weigh on the global luxury sector. L’Oréal’s market capitalisation reached around €203 billion, compared with about €201 billion for LVMH, marking the first time since 2017 that a non-luxury company has held the top position on the […]

L’Oréal Seeks Earlier Access to Gucci Beauty Licence as Kering and Coty Hold Talks

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French cosmetics giant L’Oréal would welcome taking over the Gucci beauty licence before its current 2028 expiry, chief executive Nicolas Hieronimus said, confirming that discussions are under way between Gucci owner Kering and present licence holder Coty. Speaking at an analyst conference, Hieronimus said L’Oréal would be “happy to get the brand sooner,” but stressed […]