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What's Next For L'Oreal After The Death Of Billionaire Liliane Bettencourt?
Friday, September 22, 2017 - 1:20pm | 395Liliane Bettencourt, the world's richest woman and heiress to the conglomerate giant L'Oreal SA (ADR) (OTC: LRLCY), passed away Thursday at the age of 94. This raises the question of what will come next for the France-based L'Oreal; Bettencourt's family owns a 33 percent stake in L'Oreal while...
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Valeant's Asset Sale To L'Oreal Explained
Tuesday, January 10, 2017 - 12:12pm | 351Valeant Pharmaceuticals Intl Inc (NYSE: VRX) announced an agreement to sell its CeraVe, AcneFree and AMBI Skincare brands to L'Oreal SA (ADR) (OTC: LRLCY) for $1.3 billion. According to Gadfly's Andrea Felsted, the $1.3 billion price tag on the deal is worth it for the France-based consumer goods...
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Adidas Just Had A 'Kardashian Moment'? That's What Gadfly Says
Thursday, May 12, 2016 - 4:26pm | 333Adidas AG (ADR) (OTC: ADDYY) had a "Kardashian moment," Andrea Felsted wrote in a recent Bloomberg Gadfly column. The column said German company Adidas is "pinning its hopes on a gang of soccer galacticos from Lionel Messi to Gareth Bale," stating the company has "done...