L’Occitane is preparing for a showdown with a rich global competitor. In July, the beauty giant L’Or? wrapped up its purchase of L’Occitane’s longtime British rival, the Body Shop International, for £652 million ($1.2 billion).
The takeover has provoked shudders in the quirky market for natural cosmetics. These are companies that wear their hearts and politics on their labels and products — from public opposition to animal testing of ingredients to socially responsible shopping bags made of algae.
L’Occitane is preparing for the ultimate showdown with a rich global competitor that is casting a big shadow. In July, the beauty giant L’Oréal wrapped up its £652 million, or $1.2 billion, purchase of L’Occitane’s longtime British rival, The Body Shop. The takeover has provoked shudders in the quirky market for natural cosmetics among companies that wear their hearts and politics on their labels and products – from public opposition to testing of ingredients on animals to environmentally responsible shopping bags made of algae.
BOSTON — Show us the profits, the skeptics shout.
Nanotechnology will amount to nanoprofits, they worry as they tick off a list of technologies from artificial intelligence to virtual reality that looked cool in the lab but have foundered commercially.
Such voices were all but drowned out this week at Nanotech 2004, the industry’s largest conference.
After the dust from the Enron collapse settles, one positive outcome may arise. CEOs, take note: The energy trader’s demise provides an important lesson in the value — the necessity, really — of having a corporate conscience and a culture built around knowing the difference between right and wrong.
It may be weeks before the results are in on whether Hewlett-Packard’s (HWP) shareholders, in a Mar. 19 vote, approved the company’s merger with Compaq Computer (CPQ) after one of the most hotly contested internal battles in recent corporate history. What’s already clear, though, is the likely legacy of HP’s omnipresent CEO, Carly Fiorina.
When the New York Philharmonic anointed Lorin Maazel as its new music director with widespread approval from its players, the oldest American orchestra was following a quiet but steadily growing national trend to bring musical democracy to the stage.
Driven partly by financial strains and declining audiences, many orchestras in large and midsize cities are experimenting with power-sharing arrangements that defy the traditional musical hierarchy that placed players under the rule of highly paid conductors and powerful, wealthy board members.