L'Oreal : Stéphane Rinderknech, former head of L’Oréal China appointed CEO of L’Oréal USA. The royal road to the position of CEO?
>Good news but also the sign that a recovery in North America demands this type of change in management - With a 2020e PER of 31x and 2020e EV/EBITDA of 19x, we think that L’Oréal is too expensive, particularly as the upturn in the US is likely to take some time. With the appointment yesterday evening of Stephane Rinderknech as new CEO of L’Oréal USA, the group has given itself the means to change the trend in North America, where organic growth fell into negati...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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