Decision adds pressure on indebted French IT services company
Private equity group will acquire majority stake from Bluegem as beauty market remains buoyant
Italian company has been put up for sale by PE owners
Investigation follows arrest of co-founder Armando Pereira in Portugal last year
Approach comes less than a month after proposal led by founder and chief to take company private
Finance minister Bruno Le Maire says budget shortfall for 2023 is ‘significantly’ above the targeted 4.9% of GDP
Even the well-heeled are beginning to resist the increasing cost of high-end products
Beauty retailer says customers continue to splash out on premium products even in downturn
Pernod Ricard starts with Scotch blend but aims to create Chinese single malt to grow share in world’s biggest spirits market
End of talks with Czech billionaire piles pressure on French IT company which seeks to avoid insolvency proceedings
Luxury group launches venture for product placement and co-developing and co-financing own entertainment projects
French food group’s sales return to higher volume in fourth quarter
Move comes seven months after Putin ordered seizure of French food group’s local operations
Founder teams up with investment firms as share price languishes
Italian luxury group agrees deal to go private with LVMH-backed private equity firm L Catterton
Robust results push shares of the Paris-based maker of Birkin bags to an all-time high
World’s biggest beauty company records 7.6% increase in global sales but misses analyst estimate
Luxury fashion group reports 6% drop in fourth-quarter sales as it invests in brands
Negotiations between banks and highly indebted French IT services company hang in the balance
Indebted French company appoints mediator to oversee refinancing negotiations with lenders
Agreement with French group is the first prosecutors have made with an advertising agency over its alleged role
Tractors rolled into Brussels on Thursday to block major roads and squares close to summit gathering
Proposal that values MultiChoice at $2.5bn aims to build rival to Netflix in world’s fastest-growing streaming market
UK-based telecoms group rebuffs French company’s revised offer but says ‘discussions with others’ will continue
Better than expected quarterly sales at Bernard Arnault’s group also help to boost rivals
International Edition