Kering SA agreed to sell its beauty division to L’Oreal SA as part of a long-term strategic alliance, with Chief Executive Luca de Meo seeking to turn around the French luxury giant’s fortunes.The owner of fashion brands including Gucci said the deal aims to accelerate growth, according to a statement issued by both companies on Sunday night.The deal is valued at €4 billion ($4.7 billion), according to the statement. Kering launched its beauty division in 2023. The company acquired high-end fragrance label ...

Core Insights - Western Alliance Bank's Multifamily Housing Finance Group has formed a strategic alliance with Clover Lending Group, which specializes in affordable senior living and multifamily communities [1] Company Overview - Clover Lending Group is recognized nationally for its vertically integrated model that encompasses development, construction, and property management [1] - The partnership aims to leverage Clover's comprehensive management of the entire lifecycle of multifamily housing projects [1]

Jefferies Financial Group Inc. (NYSE: JEF) will release earnings results for the third quarter, after the closing bell on Monday, Sept. 29.Analysts expect the New York-based company to report quarterly earnings at 80 cents per share, up from 75 cents per share in the year-ago period. Jefferies Financial projects to report quarterly revenue of $1.92 billion, compared to $1.68 billion a year earlier, according to data from Benzinga Pro.On Sept. 19, Jefferies Financial and Sumitomo Mitsui Financial Group Inc. ...

US packaging companies Coregistics, Proven Partners Group, and Belvika have joined forces to form a unified brand, BelPak. The strategic alliance aims to bring scale, sophistication, and efficiency to customers in the North American packaging solutions sector. The integration of these companies under the BelPak brand leverages over 70 years of combined experience in contract manufacturing and contract packing. With more than 25 facilities located across the US and Canada, BelPak aims to address the intr ...

Core Viewpoint - Thermo Fisher (TMO) is currently facing significant macroeconomic challenges, competitive pressures, and currency fluctuations that are negatively impacting its top-line growth, leading to a Zacks Rank 4 (Sell) [1] Group 1: Macroeconomic and Competitive Challenges - Difficult macroeconomic conditions are disrupting economic activity, global supply chains, and labor markets, creating a challenging business environment for Thermo Fisher [2] - International conflicts, such as the Russia-Ukraine war and tensions between China and Taiwan, have increased global cybersecurity risks [2] - The company is experiencing margin pressure, with gross margin and operating margin contracting by 5 basis points and 2 basis points, respectively, in Q1 2025 [3] - A projected 22.4% increase in adjusted operating expenses for 2025 indicates ongoing financial strain [3] - The competitive landscape is tough, with various manufacturers and third-party distributors posing challenges due to changing technology and customer demands [5] Group 2: International Revenue and Currency Risks - International markets are a substantial revenue source for Thermo Fisher, but they are subject to exchange rate fluctuations that can impact reported revenues and profitability [4] - As international sales grow, the exposure to currency exchange rate fluctuations is expected to have a more significant effect on financial results [4] Group 3: Growth Strategies and Acquisitions - The company is pursuing growth through strategic acquisitions, including the $4.1 billion acquisition of Solventum's Purification & Filtration business, which is expected to enhance capabilities in biologics development and manufacturing [6] - The acquisition is projected to deliver $125 million in adjusted operating income benefits over the next five years through revenue synergies and cost efficiencies [6] - Strategic alliances, such as collaboration with the Chan Zuckerberg Institute for Advanced Biological Imaging and a 10-year virtual power purchasing agreement with X-ELIO, are part of the company's expansion strategy [7] Group 4: Stock Performance and Market Outlook - Over the past year, TMO shares have declined by 27.3%, compared to a 12.8% decline in the industry [8] - Despite current challenges, the company's focus on strategic acquisitions and partnerships, along with favorable end market performance, is expected to help the stock gain momentum in the future [8]

Core Insights - James Hardie Building Products Inc. has entered into a three-year exclusive agreement with Pahlisch Homes to supply Hardie® siding and trim for new home developments in the Pacific Northwest [1][4] - This partnership aims to enhance the quality and aesthetic appeal of homes, aligning with Pahlisch Homes' commitment to long-term community value [2][3] Company Overview - James Hardie is recognized as the 1 siding brand in North America, known for its fiber cement products that offer durability, modern aesthetics, and trusted performance [2][6] - The company emphasizes innovation, quality, and design versatility, which are crucial for meeting evolving market demands in residential construction [4][6] Strategic Partnership - The collaboration with Pahlisch Homes is described as a shared vision for excellence, focusing on delivering homes that reflect the beauty and resilience of the Pacific Northwest [3][4] - Hardie® siding and trim are engineered to be non-combustible, resistant to pests and moisture, and suitable for the region's varied climates, providing homeowners with a reliable exterior solution [3][4] Market Position - The agreement sets a new benchmark for exterior home construction in the Pacific Northwest, with both companies dedicated to quality, style, and performance [4] - James Hardie operates with a diverse workforce of over 3,700 employees in North America, reflecting its commitment to an inclusive company culture [6]