L’Oreal SA, the world’s largest cosmetics maker, said first-quarter sales increased 8 percent, beating analysts’ estimates, as shoppers spent more on luxury perfume and distributors stopped cutting inventories.
Reckitt Benckiser Group Plc made a surprise $1.4 billion counterbid for Schiff Nutrition International Inc., topping an agreed offer from Bayer AG for the maker of vitamins, supplements and nutrition bars.
Reckitt Benckiser Group Plc rose to a record in London trading after the maker of Nurofen posted revenue that beat estimates, defying a slowdown that has hurt competitors, boosted by increased sales of health-related products and a turnaround in developed markets.
Hari Sumarno runs a small shop selling tobacco and household sundries at the Palmerah market in Jakarta, the bustling capital of Indonesia, which has one of the world’s fastest-growing economies. Palmerah is a hive of more than 100 mom-and-pop stores, and shoppers haggle over everything from duck eggs to flip-flops as flies buzz overhead.
After meals in the kitchen of their three-bedroom row house in Hitchin, about 35 miles north of London, the Quinn family washes the dishes by hand. They don’t own a dishwasher, and Louise Quinn doesn’t think they need one.
Reckitt Benckiser Group Plc faces competition in pharmaceuticals for the first time after the U.S. Food and Drug Administration approved two generic variants of its Suboxone heroin-dependency drug, thwarting the company’s attempts to keep rivals away from its most profitable business.