French cosmetics maker L'Oréal still has the firepower to pursue acquisitions even after spending 6.5 billion euros to buy back 8 percent of its shares from Nestle, a senior executive said on Thursday.
Procter & Gamble is considering current and former executives of the world's largest household products maker as it begins the search for candidates to succeed Chairman and Chief Executive A.G. Lafley.
Online cosmetics retailer Jumei.com hired Credit Suisse and Goldman Sachs to manage an up to $600 million initial public offering in the United States, joining other Chinese firms queueing to raise funds there as technology company valuations soar.
L'Oréal's underlying sales growth improved more than expected in the fourth quarter, helped by solid demand in the Americas and western Europe, and strong growth in new markets in Africa and the Middle East.
Fragrance and flavour maker Givaudan said it wants to continue to gain market share after its full-year net profit rose 19.5 percent, beating forecasts, helped by an improved operating performance and a lower tax rate.