L’Oreal SA, the world’s largest cosmetics maker, agreed to buy China’s Magic Holdings International Ltd. for HK$6.54 billion ($843 million) to expand in a market where sales growth is outpacing that of the company.
In the 1970s, Switzerland’s watchmakers were almost put out of business when they underestimated the importance of the quartz watch. Though the industry recovered and is prospering, today it faces a new technological challenge from “smartwatches” such as Samsung Electronics Co.’s $299 Galaxy Gear.
Airbus SAS is making eight Rolls- Royce Group Plc Trent 900 engines available from its assembly line for airlines with A380 jets. as carriers don’t have enough spare parts, the Financial Times Deutschland reported, without citing anyone.