Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

L’Oréal no beauty queen in the personal care pageant Add to ...

Subscribers Only

Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.

Wearing a lot of makeup is a bold statement. It is odd then that the world’s largest maker of cosmetics by sales is about as conservative as they come. L’Oréal has €1.6-billion ($2.1-billion) in net cash on its balance sheet. Yet it can think of nothing better to do than give €500-million of it back to ordinary shareholders. A buyback program was unveiled in L’Oréal’s annual results on Monday. Investors were pleased – shares in the French company picked up 4 per cent on Tuesday.

Report Typo/Error
 
  • Sanofi SA
    $48.08
    -0.35
    (-0.72%)
  • Unilever NV
    $58.42
    -0.49
    (-0.83%)
  • Updated August 17 4:02 PM EDT. Delayed by at least 15 minutes.

More Related to this Story

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular