LOreal

According to McKinsey Consulting, the beauty industry saw its sales halve on a year-over-year basis. McKinsey predicts global revenue will fall by up to 30% during 2020. But consumers are still buying beauty products and the industry is adapting to the COVID-19 era. Ironically, this industry...

Liliane 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...

Valeant 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...

Shares of Valeant Pharmaceuticals Intl Inc (NYSE: VRX) soared higher by more than 13 percent Tuesday morning after the company agreed to sell multiple business units as part of an ongoing initiative to pay down its debt load, which has some Wall Street analysts deeply concerned. Valeant has agreed...