BLOOMBERG French skincare giant L’Oréal SA has agreed to acquire luxury cosmetics brand Aesop, which was founded in Melbourne before developing a cult global following, for an enterprise value of $2.53 billion. The transaction caps months of negotiations as other companies, including private equity firm Permira and Chinese investment firm Primavera Capital also showed interest in the Australian brand, owned …

BLOOMBERG Amsterdam’s Schiphol airport has a lot to boast about — the best direct flight connectivity across Europe, a terminal layout that’s easy to navigate, and an underground railway station that links it to major cities across Europe. Now a proposal for a capacity cap to minimise noise stands to dim the allure of one of Europe’s prime hubs. The …

BLOOMBERG McDonald’s Corp is temporarily closing its US offices as it notifies hundreds of corporate employees that they’re losing their jobs in a broader restructuring plan, according to a person familiar with the matter. The company is notifying affected employees virtually and will close the locations to provide confidentiality out of respect for those affected, said the person, who asked …