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Deal puts $1.2bn valuation on make-up business founded by youngest Kardashian sister
Owner of Lancôme and Maybelline brands posts strong third-quarter sales
CEO Jean-Paul Agon says young Chinese people have big appetite for luxury brands
Deal would see fragrances added to French group’s fast-growing luxury division
The benefits of scale are reflected in a deluxe valuation
Packaged goods groups left exposed by lack of structural change, report finds
French cosmetics knows how to innovate and acquire voguish upstarts
Luxury unit helps drive strongest quarterly growth rate in a decade
Two ‘le drugstore parisien’ outlets will offer extended hours and Sunday opening
Chief Jean-Paul Agon says French company ‘has what it takes’ to obtain holding
Analysts say Nestlé is unlikely to want to increase stake in French cosmetics group
Neither company has a pressing need to restructure its balance sheet
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