Money

L’Oreal purchases Australian skincare brand Aesop

Published

1 year ago

April 4, 2023

ticker NEWS

L’Oreal purchases Australian skincare brand Aesop in a deal worth $2.35bn

L’Oreal will purchase Australian skincare brand Aesop – in a deal worth $2.53bn.

This is L’Oreal’s largest takeover in decades.

The CEO says Aesop is a “superb combination of urbanity, hedonism and undeniable luxury.”

Aesop has a cult following around the world for its natural products including soaps, lotions and creams.

The brand has almost 400 stores globally and the deal is expected to close in the third quarter of this year.

L’Oreal is hoping the acquisition will help Aesop expand in China, where it opened its first store in 2022.

Brazilian cosmetics company Natura & Co bought a majority stake in Aesop in 2012, before taking full ownership of the brand four years later. #trending #featured

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending