L’Oreal SA appointed Alexis Perakis-Valat as chief executive officer of its US and North America business, turning to a company veteran to drive growth in the largest cosmetics market.
Procter & Gamble Co. plans to slash as many as 7,000 office jobs over the next two years as the maker of Tide laundry detergent and Gillette razors seeks to improve productivity.
Sodexo SA shares plunged the most in almost seven years after the French food services company lowered its revenue guidance, citing slower growth at its US university business.
French power provider Engie SA increased its sales of clean energy last year, signing new contracts with companies including Meta Platforms Inc. in the US and German chemical maker BASF SE.
Honeywell International Inc. is exploring a separation of its aerospace business as the industrial company faces calls from activist Elliott Investment Management for a breakup.
Vivendi SE said investor CIAM has filed with the Paris Commercial Court to postpone its shareholder meeting scheduled for next month and delay its plan to break up the company.
Honeywell International Inc. plans to spin off its advanced materials division, the latest move by the industrial conglomerate to reshape its portfolio and streamline its holdings.
Five women say they were raped by former Harrods owner Mohamed Al Fayed when they worked at the London department store, while more than 20 claim they were sexually assaulted by the late billionaire, the BBC reported.
JT Group agreed to buy discount cigarette maker Vector Group Ltd. for about $2.4 billion to expand in the US, changing tack after war closed off its path for growth in Russia.
L’Oreal SA is buying a 10% stake in Galderma Group AG, a Swiss maker of injectable skin fillers, with the two agreeing to collaborate on new products to reduce the signs of aging.
Remy Cointreau SA sales slumped in the first quarter of its fiscal year as the Cognac maker suffered from falling demand in the US and tougher markets in Southeast Asia.
Eli Lilly & Co. agreed to buy U.S. biopharma company Morphic Holding Inc. for about $3.2 billion to gain experimental therapies for inflammatory bowel disease and other chronic illnesses.
Becton Dickinson & Co. agreed to buy the critical care unit of Edwards Lifesciences Corp. for $4.2 billion in cash to expand its range of medical monitoring products.
Michelin jumped the most in almost two years after the French tiremaker reported solid earnings and announced a plan to buy back up to €1 billion ($1.1 billion) of stock.
KKR & Co. agreed to buy Circor International Inc. for $1.7 billion including debt after boosting its offer for the maker of industrial valves and pumps.