×
80 980
Fashion Jobs
VF CORPORATION
CRM Coordinator (Icebreaker) (Contingent)
Permanent · Denver
ATHLETA
General Manager - Mall of Columbia
Permanent · COLUMBIA
NORDSTROM
Inventory Control Specialist - Logistics - Fashion Valley
Permanent · San Diego
NORDSTROM
Asset Protection - Security Ambassador - Long Island Rack
Permanent · Garden City
NORDSTROM
Asset Protection - Agent - Noho West Rack
Permanent · Los Angeles
NORDSTROM
Retail Stock - Baybrook Square Rack
Permanent · Webster
NORDSTROM
Retail Stock - Potomac Mills Rack
Permanent · Woodbridge
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · North Andover
KOHLS
Part-Time Loss Prevention Associate
Permanent · Macon
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Baytown
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Dayton
FABLETICS
Senior Product Manager - Fabletics Mobile App
Permanent ·
SALLY BEAUTY CORPORATE
10768 Color Consultant
Permanent · ACWORTH
ROSS
Store Protection Specialist
Permanent · Fort Lauderdale
ROSS
Store Protection Specialist
Permanent · Medford
DESIGNER BRANDS
Ecommerce Operations Coordinator, Ked's (Open to Remote)
Permanent · Waltham
DESIGNER BRANDS
Merchandise Planner, Vmi
Permanent · Gilbert
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Rock Hill
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Rock Hill
RAG & BONE
Sales Supervisor (Full-Time) - Tampa
Permanent · Tampa
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Greenwich Avenue
Permanent · Greenwich
ABERCROMBIE AND FITCH CO.
Enterprise Architect, Order Management & Supply Chain Systems (Remote)
Permanent · Columbus
By
Reuters API
Published
Dec 9, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

L'Oreal up 1.4% after Nestle's plans to sell $10 billion worth of shares

By
Reuters API
Published
Dec 9, 2021

L'Oreal shares opened up 1.4% Wednesday after Nestle said Tuesday it would cut its stake in the French cosmetics giant to about 20% by selling shares worth 8.9 billion euros ($10.05 billion).


Reuters


Following the deal, Nestle said it would own 20.1% of L'Oreal, down from 23.3% previously. L'Oreal, meanwhile, would buy back shares representing 4% of its capital and cancel them at the latest on Aug. 29.

L'Oreal, which is paying 400 euros per share, said the deal will have an accretive effect on the company's earnings per share of more than 4% in a full year. The beauty company is paying with cash and debt.

As a result of the transaction, which is expected to close in the coming days, the Bettencourt Meyers family, will see their stake rise to 34.7% from 33.3%, but will not be required to launch a takeover offer, as normally required for passing ownership thresholds above one-third of the capital.

© Thomson Reuters 2023 All rights reserved.