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L'Oreal to buy three skincare brands from Valeant for $1.3 billion
PARIS French cosmetics group L'Oreal (OREP.PA) is acquiring three specialized skincare brands - CeraVe, AcneFree and Ambi - from Canada's Valeant Pharmaceuticals International (VRX.TO) for $1.3 billion in cash to expand into one of the fastest growing areas of the beauty industry.The French cosmetics giant paid nearly eight times the
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PSA Group, GM announce Monday morning press conference
PARIS General Motors and France's PSA Group will hold a press conference on Monday morning, they said on Saturday, with the subject expected to be the acquisition of the U.S. carmaker's loss-making Opel unit.On Friday, sources said PSA Group, which
Britain raises concerns with GM over possible Vauxhall sale to France's PSA
LONDON Britain has contacted the president of General Motors (GM.N) to express concerns after the American firm opened talks to sell its European operations, including the Vauxhall plants in England, to France's PSA Group (PEUP.PA). Britain's Department for Business said
Activist hedge fund opposes Walt Disney's move on Disneyland Paris
LONDON/PARIS An activist hedge fund has said it objects to plans by Walt Disney (DIS.N) to take full control of debt-laden Paris theme park operator Euro Disney (EDLP.PA), according to a letter seen by Reuters.Paris-based CIAM, which owns 1.4 percent
