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L’Occitane inks $900mn Elemis deal in luxury skincare boom

Bloomberg Luxury cosmetics firm L’Occitane International SA agreed to buy beauty and skincare brand Elemis for about $900 million, its biggest deal on record as the maker of organic lotions looks to expand in the US and UK. The Hong Kong-listed L’Occitane agreed to buy the privately-held Elemis from Steiner Leisure Limited, according to a statement from the companies. Steiner ...

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Lufthansa to cancel 400 flights on strike

Bloomberg Deutsche Lufthansa AG will cancel at least 414 flights due to a strike on Tuesday by security staff at eight German airports, including the airline’s hubs in Frankfurt and Munich. The cancellations include 386 flights within Europe and 28 intercontinental services, Lufthansa said. Airport-security workers in Frankfurt, Munich, Hamburg, Hanover, Bremen, Dresden, Leipzig/Halle and Erfurt plan to walk out ...

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America’s biggest supermarket chain says shoppers wary about future

Bloomberg America’s biggest supermarket chain is seeing signs that US shoppers are getting nervous about the future. “It’s fascinating right now from a customer standpoint. They feel incredibly good about the economy but very nervous about where things are headed,’’ Kroger Co Chief Executive Officer Rodney McMullen said in an onstage interview at the National Retail Federation’s annual trade show ...

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