_D2C reinventing the beauty industry _ NEUTRAL _ EUR93
D2C reinventing the beauty industryAcquisition of Invincible Brands
A need to experiment
H1 results to be very weak
Neutral despite the attractive valuation
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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