L'Oreal to Buy Majority Stake in UK Skincare Brand Medik8
L'Oreal SA agreed to buy a majority stake in the UK company Medik8 as the French cosmetics group strengthens its presence in the booming skincare market.
The private equity firm Inflexion will keep a minority stake as part of the deal while the current management will stay on, L'Oreal said Monday without disclosing financial details.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 minutes ago
- Yahoo
MJR Power & Automation to upgrade Stena Line's power management systems
MJR Power & Automation, a UK-based marine electrical engineering specialist, has secured a contract from Stena Line to enhance the power management systems aboard the Stena Scotia and Stena Hibernia vessels. The contract encompasses the design, engineering, supply, and commissioning of advanced power management systems to improve the operational efficiency, reliability, and sustainability of the two Ro-Ro freight vessels. The upgrades will incorporate modern digital control technology, enhanced monitoring capabilities, and improved automation features to optimise load sharing, power availability, and system redundancy both in port and at sea. The project is scheduled to be completed with minimal disruption to vessel operations during planned dry dock periods. MJR Power & Automation managing director Paul Cairns said: 'This award builds upon our longstanding relationship with Stena Line and reinforces our reputation as a trusted partner for critical vessel automation and power system projects. 'Our team is proud to support Stena Line's vessel operations in the UK & Ireland providing local services to the fleet.' The Stena Scotia and Stena Hibernia, which operate as sister vessels transporting goods between Great Britain and Northern Ireland, will continue to play a critical role in the region's logistics network following the upgrades. These enhancements align with Stena Line's commitment to improving vessel performance, energy efficiency, and environmental responsibility across its fleet. Stena Line fleet manager Mark Scoular said: 'The upgrades of the power management systems on the Stena Scotia and Stena Hibernia underscores our commitment to investing in our existing fleet for the long-term. 'These innovative enhancements will boost efficiency, reliability, and sustainability, ensuring our vessels continue to serve vital routes across the Irish Sea.' In April this year, Stena Line introduced a concept design for the Stena Futuro, a new RoRo vessel that targets a 20% reduction in energy usage. This initiative is part of the company's strategy to cut CO₂ emissions by 30% by 2030. "MJR Power & Automation to upgrade Stena Line's power management systems" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 minutes ago
- Yahoo
Crowne Plaza hotel in Ealing, London, up for sale
UK-based business property adviser Christie & Co is facilitating the sale of the Crowne Plaza hotel in Ealing, London, presenting an opportunity for investors in the capital's hotel sector. Currently trading under a franchise agreement with Crowne Plaza, the freehold asset offers potential buyers the option to rebrand, self-brand, or renew the existing agreement. The hotel offers 139 en-suite bedrooms and the Hotel Bar & Club Lounge Restaurant with a capacity of 120 covers. It also includes three meeting rooms, a fitness centre, and customer parking. Christie & Co hotel brokerage head Jeremy Jones said: 'We are really delighted to be bringing the Crowne Plaza London Ealing to the open market. This freehold hotel has one of the highest profile trading locations in London, sitting beside the Hanger Lane 'gyratory', which, according to some AI search engines, sees some 10,000 vehicles an hour passing at peak time! 'The profitable trading history and extensive range of asset management opportunities present an opportunity to create even greater value.' The sale follows Christie & Co's earlier transaction involving the sale of a West Sussex hotel to Britannia Hotels, which was also previously under the Crowne Plaza brand. "Crowne Plaza hotel in Ealing, London, up for sale" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Effettua l'accesso per consultare il tuo portafoglio
Yahoo
13 minutes ago
- Yahoo
Reynolds discusses British Steel row with Chinese counterpart
Jonathan Reynolds, the business secretary, has discussed the government's move to seize control of British Steel with his Chinese counterpart for the first time. Sky News understands that the fate of the Scunthorpe-based steelmaker was raised during talks this week between Mr Reynolds and Wang Wentai, China's commerce minister, on Monday. A subsequent post on social media by Mr Reynolds confirming the meeting said the pair "discussed deeper UK-China cooperation - especially in services, investment and WTO reform - and building on January's successful Economic and Financial Dialogue to drive mutual growth". Money latest: The business secretary did not refer to British Steel in the post, although officials confirmed that the company was raised briefly during their meeting. It came days after Sky News revealed that British Steel's Chinese owner had hired the leading City law firm Linklaters to explore the recovery of hundreds of millions of pounds it invested in the Scunthorpe-based company before the government seized control of its operations in April. Linklaters advised Jingye Group on its purchase of British Steel in 2021. British Steel's balance sheet bears debts worth close to £1bn, most of which is said to be owed to Jingye in the form of inter-company loans. The government and Jingye had been at loggerheads for weeks over the future of the Scunthorpe plant's blast furnaces. Since Mr Reynolds, the business secretary, moved to commandeer control of the UK's second-biggest steel producer, the government has sourced additional supplies of raw materials to ensure the furnaces' continued operations. Jingye had been preparing to close them - with the loss of thousands of jobs - after seeking £1bn in state aid to facilitate the site's transition to greener steelmaking. Politics latest: Mr Reynolds has indicated that Jingye's shares in British Steel - which has not yet been formally nationalised - are worthless, and that the government does not intend to offer to pay to acquire them. A spokesman for the Department for Business and Trade said: "We are working closely with Jingye and a range of third parties on options for the future, and we will continue work on determining the best long-term sustainable future for the site."
