Rio Tinto Rejects Call by Activist Investor to End Dual Listing
Palliser has been asking Rio to end its London listing since May, arguing unification could 'unlock $28 billion of upside in the near term' for shareholders and that the current structure had cost investors $50 billion.
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40 minutes ago
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MCoBeauty Is Bringing Its Dupes to Europe, Rolling Out Across the U.K. at Superdrug
LONDON – MCoBeauty, the Australian brand looking to democratize the business by creating affordable dupes, is planting its flag in more countries in Europe. The brand, which launched in 2020 with six products, was fully acquired earlier this year by DBG Group in a transaction led by its founder Shelley Sullivan. The valuation was $1 billion. More from WWD A Devout Chloé Girl Is Parting With 80 Outfits by Karl Lagerfeld Kerry Taylor Auctions to Sell Marianne Faithfull's Chanel Jacket, Zandra Rhodes' Princess Diana Dress Karl Lagerfeld and Donald Duck Reunite for Capsule It will launch exclusively at Superdrug in the U.K. on July 21. The brand has already been selling in Belgium and the Netherlands through Kruidvat, a Dutch-owned retail, pharmacy and drugstore chain that specializes in health and beauty. Fueled by social media influencer reviews, it is the number-one cosmetics brand in its home market of Australia. It has been gaining traction rapidly in the U.S., where it launched in 2024 through Kroger's Family of Stores. The brand subsequently entered Target Corp. The Superdrug launch is nationwide, with MCoBeauty set to sell in the majority of the retailer's 800 stores. It will offer 240 stock keeping units including color cosmetics, skin care and body mists, at dedicated kiosks and in multiple locations around the Superdrug stores. In line with its value pitch, all products will be priced 15 pounds or less. Products include Super Glow Bronzing Drops; Grip Primer Base, and Australia's number-one bestseller, XtendLash Mascara, a tubing product that washes off with warm water. Peter Stocks, MCoBeauty's European marketing director, said the company is anticipating 'hot demand' in the U.K., which he described as one of the most 'sophisticated and savvy' beauty markets. 'We know our viral products will be hunted down from the second we launch,' he said. Simon Comins, chief commercial officer at Superdrug, said MCoBeauty's 'trend-led virality and reputation for delivering 'luxury for less' perfectly meets the desires of the Superdrug beauty shopper.' He added that MCoBeauty and Superdrug were 'very aligned, and together we are on a mission to prove that up-to-the-minute, quality beauty innovations can be delivered at affordable prices. We've had our eye on the social buzz building around MCoBeauty for a while now, and so we know that the brand will go down a storm with the savvy, trend-led, Superdrug customer.' Sullivan founded the brand as a more affordable spin-off of her premium beauty company ModelCo. Sullivan, a former model agent, founded ModelCo in 2002, offering self-tanning products and color cosmetics. Over the years, ModelCo. has collaborated with brands including Karl Lagerfeld and Hailey Bieber (before she launched Rhode, and when she was still Hailey Baldwin). Sullivan is an industry insider, so it's no surprise that MCoBeauty has been a success in a market that's dominated by premium and luxury products. MCoBeauty arrived at a time of rising prices, and a swelling interest in makeup and skin care — especially among teenagers and young girls. The marketing is social-first, with legions of influencers reviewing products on TikTok and other platforms, speaking to MCoBeauty's one million digital followers worldwide. It launched as a direct-to-consumer brand and on supermarket shelves in Australia. There are no stand-alone stores. Similar to its clothing equivalents Zara, Mango and H&M, it is quick to market, taking around 16 to 20 weeks to get its dupes on the shelves. The company has created more than 1,000 products over the past five years. MCoBeauty's aim is to disrupt the top five players in any given market, and then become a top five player itself. DBG, which is owned by the billionaire Dennis Bastas, took a 50 percent stake in MCoBeauty in 2022, and assumed full control at the start of 2025. According to sources, the company generated $63 million in sales in 2023 — up 241 percent from 2022's $18.5 million. Best of WWD Marionnaud Launches Customizable Foundation Under In-House Label Skin Shades Modern Grooming Brand Faculty Raises Seed Round Led by Esteé Lauder How to Buy Becca's Bestselling Products Before the Brand Closes
Yahoo
2 hours ago
- Yahoo
This Stock-Split Stock Is Up More Than 800% in the Last Year. Is It a Still a Buy?
Key Points Sezzle has been one of the best-performing stocks of the past year. The BNPL specialist has seen exploding growth over the last year. The industry has a long runway ahead of it if it can continue grabbing share from credit and debit cards. 10 stocks we like better than Sezzle › By now, investors are familiar with the big winners over the last couple of years, like Nvidia and Palantir, but there's one little-known buy-now, pay-later (BNPL) stock that has crushed the returns of both of those popular artificial intelligence (AI) stocks. I'm talking about Sezzle (NASDAQ: SEZL), a fast-growing fintech that was just a small-cap company until recently. After soaring more than 800% over the last year, Sezzle has a market cap of roughly $4.5 billion, meaning the stock could easily be a multibagger from here. The company also recently rewarded investors with a 6-for-1 stock split in March. That doesn't change any fundamentals about the business, but it is a reflection of management's confidence in future growth, and investors tend to respond positively to stock splits. What is Sezzle? Sezzle was founded in 2016, led by CEO and co-founder Charlie Youakim, who had experience in the payments industry after co-founding the mobile parking payments app Passport. After moving on from Passport, Youakim decided to target a larger corner of the payments sector, setting his sights on retail. Since it came after larger BNPL companies like Afterpay (now owned by Block), Affirm, and Klarna were well-established, Sezzle has had to be scrappy to get to where it is today. The company initially raised capital and went public in Australia before eventually going public through a direct listing in the U.S. It then delisted its Australian listing. In an interview with The Motley Fool, Youakim said the company, which recently filed a lawsuit against Shopify, has overcome a great deal of adversity in growing to where it is today. He said Shopify "was basically blocking us on its site" when the e-commerce platform made up 80% of revenue. After previously cutting headcount from 580 to 240 and making some other tough decisions, Sezzle has turned profitable and is growing rapidly. It's also diversified its merchant partners, and today, Shopify makes up less than 5% of its revenue. Sezzle by the numbers An 800% surge in a stock doesn't just happen, and Sezzle has the numbers to back that monster growth. In the first quarter of 2025, revenue jumped 123% year over year to $104.9 million, benefiting from increased adoption of subscription programs and several quarters of accelerating momentum. In fact, Sezzle's revenue growth has accelerated for five quarters in a row, and its profits have also soared. In Q1, operating income jumped 260.6% to $49.9 million, an operating margin of nearly 47.6%, and earnings per share surged from $0.22 in the quarter to $1.00. Its total of monthly on-demand and subscription customers jumped 77.4% in the quarter to 658,000. The company is seeing increased purchase frequency, and gross merchandise volume (GMV) jumped 64% over the prior year, showing that increased spending with Sezzle is driving most of the growth. Sezzle's secret Like most BNPL operators, Sezzle makes money on sales from the merchant, which pays a 6% processing fee plus $0.30 on transactions. However, Sezzle's subscription products have helped drive growth, including Sezzle Anywhere, which allows users to use Sezzle virtually anywhere Visa is accepted. The company has launched other popular products as well, like auto-couponing, which automatically finds coupons the customer can use, and its Sezzle Up feature allows users to establish a credit history with Sezzle. Most of its users are young adults and have low to medium income levels. Additionally, the company has a rewards program called payment streaks, which gives customers points every time they make an on-time payment. Sezzle has also managed credit risks by cutting off customers when they miss payments, essentially preventing them from continuing to borrow and spend on the platform. That's a meaningful difference from credit cards that allow users to rack up debt they often struggle to pay. Is Sezzle a buy? Sezzle stock exploded following the company's first-quarter report, though the stock has cooled off this month as other high-flying growth stocks have pulled back in what could be a market rotation. There's a long runway of growth ahead for Sezzle and other BNPL operators if they can continue to take market share from credit and debit cards in the massive payments market. The company seems to have found the right mix of user-friendly product features and a lean business model capable of delivering wide profit margins. Investors should expect the company's revenue growth to moderate, but it looks like a good bet to outperform over the long term. Youakim aims for Sezzle to become a daily use app for 70% of Americans. He envisions it becoming something of a super-app with more banking services. That's a bold goal, but the company doesn't have to get to that level for it to be successful. At its current valuation, investors seem to be betting on its growth to moderate soon. If Sezzle can continue to outgrow its peers, however, the stock should be a winner. Should you invest $1,000 in Sezzle right now? Before you buy stock in Sezzle, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Sezzle wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,149!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,060,406!* Now, it's worth noting Stock Advisor's total average return is 1,072% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Jeremy Bowman has positions in Nvidia, Shopify, and Visa. The Motley Fool has positions in and recommends Block, Nvidia, Palantir Technologies, Sezzle, Shopify, and Visa. The Motley Fool has a disclosure policy. This Stock-Split Stock Is Up More Than 800% in the Last Year. Is It a Still a Buy? was originally published by The Motley Fool 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
4 hours ago
- Yahoo
Morning Bid: Markets stoic over Powell's shifting fate
A look at the day ahead in European and global markets from Rae Wee The markets were in a calm but sombre mood on Thursday after a dramatic session on Wall Street driven by renewed uncertainty over the tenure of Federal Reserve Chair Jerome Powell. U.S. President Donald Trump soothed investors' nerves a bit by stating he was not planning to fire Powell, but he confirmed he floated the idea with Republican lawmakers and kept his options open, saying he would love for the Fed Chair to resign. Stocks in Asia were largely muted on Thursday while Wall Street futures fell, although European stock futures edged higher after slipping during the cash session on Wednesday. The long-running Trump-Powell saga continues to undermine the dollar, which on Thursday was on fragile footing given lingering worries over the Fed's independence. With calm mostly restored to the markets, investors have enough earnings reports and data releases on their plate to keep them distracted for now, barring any stepped-up attacks on Powell. Top of mind are results from TSMC, the world's main producer of advanced AI chips, and streaming giant Netflix, both expected later in the day. TSMC, a key supplier to Nvidia and Apple, is expected to post a 52% jump in second-quarter profit to record levels, although U.S. tariffs and a strong Taiwan dollar could weigh on its outlook. As for Netflix, the bar is high for it to deliver a result that could impress investors. They are likely to focus on the company's expansion into live sports and the growth of its ad-supported tier. Over in the UK, Thursday's jobs numbers could provide further clarity on the outlook for domestic interest rates. Pay growth in Britain is expected to have slowed further in the three months to May with the unemployment rate likely to have stayed steady at 4.6%. Still, Bank of England policymakers could turn more cautious on further rate cuts this year, after data on Wednesday showed Britain's annual rate of consumer price inflation unexpectedly rose to its highest in more than a year, at 3.6% in June. The Australian dollar fell sharply in the Asian session after domestic employment rose only marginally in June, while the jobless rate jumped to its highest since late 2021. Japan's exports fell for a second straight month as sweeping U.S. tariffs took a toll on the country's manufacturers, and Canadian retailer Alimentation Couche-Tard pulled its $47 billion bid to buy Seven & i Holdings, citing a lack of constructive engagement by the Japanese retailer. Key developments that could influence markets on Thursday: - TSMC, Netflix earnings - British labour market data (May) - U.S. weekly jobless claims - Fed's Waller speaks Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here. (By Rae Wee; Editing by Edmund Klamann) 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
