L'Oreal : Christian Mulliez (CFO) steps down. Nicolas Hiéronimus passes the baton at luxury whilst remaining deputy CEO in charge of the group’s divisions
>Christian Mulliez’s departure is clearly regrettable but should not have any impact on the stock in the short term - Many agree that the departure of CFO Christian Mulliez is regrettable. However, we do not think that this development will have an impact on the stock, at least in the short term. The departure of Mr Mulliez as CFO cannot be considered other than as a development that was bound to happen. It will now be up to his successor to build a relationship of eq...L'Oreal acts as a holding company. Through its subsidiaries, Co. plays a strategic coordination role and scientific, industrial and marketing coordination role on a global basis. Co. develops, manufactures and commercializes products for Skin care, Hair care, Make-up, Perfumes, Toiletries and deodorants, and Oral cosmetics. Co. has three branches: Cosmetics, Body shop and Dermatology. Co.'s principal activities comprise four divisions: Professional Products, Consumer Products, L'Oreal Luxe and Active Cosmetics. The Body Shop branch offers various cosmetics and toiletry products. The Dermatology branch offers topical dermatology prescription, and corrective and aesthetic dermatology.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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