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Arc Capital Partners and Belay Investment Group Successfully Exit Their Investment in Lido Marina Village

Retrieved on:

Thursday, February 29, 2024

Commercial Building & Real Estate, Urban Planning, Construction & Property, REIT, Restaurant, DJM, Investment, Aesop, Entrepreneurship, COVID-19, JLL, COVID19, CIO, Partnership

Arc Capital Partners (Arc) and Belay Investment Group (Belay) announced today that they have successfully exited their preferred equity investment in Lido Marina Village (Lido), a 100% leased, 106,000-square-foot mixed-use property located in Newport Beach, CA.

Key Points:

Arc Capital Partners (Arc) and Belay Investment Group (Belay) announced today that they have successfully exited their preferred equity investment in Lido Marina Village (Lido), a 100% leased, 106,000-square-foot mixed-use property located in Newport Beach, CA.
The transaction validated the significant value created by DJM Capital Partners (DJM), which has owned and operated the property since 2013.
Arc, through its partnership with Belay, provided capital for DJM to complete a recapitalization of the construction loan during the COVID19 pandemic.
“DJM was excited to partner with Arc through a turbulent time in the capital markets,” said Lindsay Parton, DJM’s President.

Waldorf Astoria Orlando Unveils Property-Wide Transformation

Retrieved on:

Tuesday, December 5, 2023

ORLANDO, Fla., Dec. 5, 2023 /PRNewswire/ -- Today, the award-winning Waldorf Astoria Orlando unveils a property-wide reimagination that includes a floor-to-ceiling transformation inclusive of all guestrooms and suites, the lobby arrival experience, new design and culinary innovations at the award-winning restaurants Bull & Bear and Peacock Alley, enhancements to The Waldorf Astoria Spa and a complete restoration of the esteemed 18-hole Waldorf Astoria Golf Club. These renovations complete the property-wide renewal, which began last year with the comprehensive enhancement of the hotel's meeting and event spaces. The reimagination, led by renowned interior design firm Parker Torres Design, emphasizes the resort's unique geographic position, pleasantly located within the 482-acre Bonnet Creek Nature Preserve, a sanctuary from the buzz of theme parks just minutes away.

Key Points:

Award-winning hotel debuts reimagined guestrooms and suites, lobby, signature restaurants, spa, golf course, and meetings and events spaces
ORLANDO, Fla., Dec. 5, 2023 /PRNewswire/ -- Today, the award-winning Waldorf Astoria Orlando unveils a property-wide reimagination that includes a floor-to-ceiling transformation inclusive of all guestrooms and suites, the lobby arrival experience, new design and culinary innovations at the award-winning restaurants Bull & Bear and Peacock Alley , enhancements to The Waldorf Astoria Spa and a complete restoration of the esteemed 18-hole Waldorf Astoria Golf Club .
"We are thrilled to introduce the eagerly awaited completion of our reimagined Waldorf Astoria Orlando, solidifying the hotel as a top-tier luxury destination for visitors to Orlando," said Ryan Fitzgerald, general manager of Waldorf Astoria Orlando.
"Every detail has been meticulously considered, and upon its full realization, Waldorf Astoria Orlando boasts a design-forward ambiance complemented by the exceptional service and amenities our guests have come to anticipate."
Upon arrival, Waldorf Astoria Orlando guests will be welcomed by a grand sense of arrival inspired by organic sophistication and timeless luxury.

Natura &Co: Consistent adjusted EBITDA margin improvement alongside strengthened balance sheet in Q3

Retrieved on:

Tuesday, November 14, 2023

SÃO PAULO, Nov. 14, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) continued to improve its profit margins in the third quarter, while deleveraging its balance sheet thanks to the proceeds of the sale of Aesop, which closed on August 30th.

Key Points:

Avon International posted broadly stable top line and further margin improvements, reaching high-single-digit adjusted EBITDA margin.
Margin benefited from strong gross margin improvement, up 320 bps to 63.7%, benefitting from the continued effects of price increases, richer mix and marketing efforts.
Adjusted EBITDA margin was 8%, up 440 bps, driven by gross margin expansion of 490 bps thanks to price increases and product mix.
Adjusted EBITDA margin improved again this quarter, growing by 140 basis points to 7.7%, thanks to another quarter of gross margin growth, up 30 bps to 76.6%, combined with strict cost control.

Natura &Co: Consistent adjusted EBITDA margin improvement alongside strengthened balance sheet in Q3

Retrieved on:

Tuesday, November 14, 2023

SÃO PAULO, Nov. 14, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) continued to improve its profit margins in the third quarter, while deleveraging its balance sheet thanks to the proceeds of the sale of Aesop, which closed on August 30th.

Key Points:

Avon International posted broadly stable top line and further margin improvements, reaching high-single-digit adjusted EBITDA margin.
Margin benefited from strong gross margin improvement, up 320 bps to 63.7%, benefitting from the continued effects of price increases, richer mix and marketing efforts.
Adjusted EBITDA margin was 8%, up 440 bps, driven by gross margin expansion of 490 bps thanks to price increases and product mix.
Adjusted EBITDA margin improved again this quarter, growing by 140 basis points to 7.7%, thanks to another quarter of gross margin growth, up 30 bps to 76.6%, combined with strict cost control.

Natura &Co closes sale of Aesop

Retrieved on:

Wednesday, August 30, 2023

Avon International Marathon, The Body Shop, Natura & Co, Avon, NYSE, Aesop (brand), Sale, Retail, Aesop

SÃO PAULO, Aug. 30, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has completed the sale of Aesop to L'Oréal for a final enterprise value of US$2.58 billion after obtaining all customary regulatory approvals.

Key Points:

SÃO PAULO, Aug. 30, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has completed the sale of Aesop to L'Oréal for a final enterprise value of US$2.58 billion after obtaining all customary regulatory approvals.
Fabio Barbosa, Chief Executive Officer of Natura &Co, declared: "Under the stewardship of Natura &Co, Aesop reached new heights, expanding the brand's presence across the globe.
We wish Aesop all the best for the next chapter as part of the L'Oréal Groupe."
Nicolas Hieronimus, Chief Executive Officer of L'Oréal Groupe, stated: "We are delighted to welcome Aesop to the L'Oréal Groupe family and thank Natura &Co for its guardianship over the years.

Natura &Co closes sale of Aesop

Retrieved on:

Wednesday, August 30, 2023

Avon International Marathon, The Body Shop, Natura & Co, Avon, NYSE, Aesop (brand), Sale, Retail, Aesop

SÃO PAULO, Aug. 30, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has completed the sale of Aesop to L'Oréal for a final enterprise value of US$2.58 billion after obtaining all customary regulatory approvals.

Key Points:

SÃO PAULO, Aug. 30, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has completed the sale of Aesop to L'Oréal for a final enterprise value of US$2.58 billion after obtaining all customary regulatory approvals.
Fabio Barbosa, Chief Executive Officer of Natura &Co, declared: "Under the stewardship of Natura &Co, Aesop reached new heights, expanding the brand's presence across the globe.
We wish Aesop all the best for the next chapter as part of the L'Oréal Groupe."
Nicolas Hieronimus, Chief Executive Officer of L'Oréal Groupe, stated: "We are delighted to welcome Aesop to the L'Oréal Groupe family and thank Natura &Co for its guardianship over the years.

JD.com Announces Second Quarter and Interim 2023 Results

Retrieved on:

Wednesday, August 16, 2023

JD.com, Marketing, Pearl River Delta, Computer, Dermatology, Hospital, AAA, Patient, Investment, Aesop, JDDJ, Sport, ESG, Supply, Transport, L'Oréal, Cosmetics, JD, Growth, Carbon, HKD, US, HKEX, Ethics, Research, RMB, Result, ADS, Alfred Sisley, State Administrative Expenses, EBITDA, Novartis, Novo Nordisk, Ultra, City, EPS, Bottega Veneta, Pharmacy, Ecosystem, GMV, Video game, Cryptocurrency, Retail, Pharmaceutical industry, Warehouse, Byredo, Social, Missoni

Net revenues for the second quarter of 2023 were RMB287.9 billion (US$139.7 billion), an increase of 7.6% from the second quarter of 2022.

Key Points:

Net revenues for the second quarter of 2023 were RMB287.9 billion (US$139.7 billion), an increase of 7.6% from the second quarter of 2022.
Net service revenues for the second quarter of 2023 were RMB54.1 billion (US$7.5 billion), an increase of 30.1% from the second quarter of 2022.
Diluted net income per ADS for the second quarter of 2023 was RMB4.15 (US$0.57), compared to RMB2.74 for the second quarter of 2022.
Diluted net income per ADS for the second quarter of 2023 was RMB4.15 (US$0.57), compared to RMB2.74 for the second quarter of 2022.

Natura &Co posts another quarter of constant currency sales growth and adjusted EBITDA improvement in Q2

Retrieved on:

Tuesday, August 15, 2023

SÃO PAULO, Aug. 15, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) posted another quarter of sales growth in constant currency in the second quarter of 2023, while also continuing to improve its profit margins.

Key Points:

Natura &Co posted Q2 consolidated net revenue of R$ 7.8 billion, up 1.9% at constant currency (-4.1% in BRL), driven by solid constant currency (CC) growth at Natura &Co Latam.
Fabio Barbosa, Group CEO of Natura &Co, declared: "Natura & Co's second-quarter performance continued to show the improvement already observed in Q1, with low-single digit top line growth at constant currency and a significant improvement in adjusted EBITDA margin.
Natura &Co Latam's net sales were up by 5.8% in constant currency ("CC") and down 1.7% in BRL.
CC growth was driven by double-digit growth at the Natura brand (+19.5% at CC and +17.3% in BRL).

Natura &Co posts another quarter of constant currency sales growth and adjusted EBITDA improvement in Q2

Retrieved on:

Tuesday, August 15, 2023

SÃO PAULO, Aug. 14, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) posted another quarter of sales growth in constant currency in the second quarter of 2023, while also continuing to improve its profit margins.

Key Points:

Natura &Co posted Q2 consolidated net revenue of R$ 7.8 billion, up 1.9% at constant currency (-4.1% in BRL), driven by solid constant currency (CC) growth at Natura &Co Latam.
Fabio Barbosa, Group CEO of Natura &Co, declared: "Natura & Co's second-quarter performance continued to show the improvement already observed in Q1, with low-single digit top line growth at constant currency and a significant improvement in adjusted EBITDA margin.
Natura &Co Latam's net sales were up by 5.8% in constant currency ("CC") and down 1.7% in BRL.
CC growth was driven by double-digit growth at the Natura brand (+19.5% at CC and +17.3% in BRL).

World-Renowned Japanese Coffee Brand % Arabica Opens First Downtown Toronto Location

Retrieved on:

Tuesday, July 25, 2023

Coffee, Yorkdale Shopping Centre, Architecture, Union Station, Transport, Travel, Arabica, Love, Aesop

% Arabica opens second Canadian storefront in brand new lower level of Union Station, the country's busiest transportation hub

Key Points:

% Arabica opens second Canadian storefront in brand new lower level of Union Station, the country's busiest transportation hub
TORONTO, July 25, 2023 /CNW/ - World-renowned Japanese coffee brand, % Arabica is opening the doors of its first downtown Toronto location on Wednesday, July 26, in the city's bustling Union Station.
This will be the second Canadian location for % Arabica, following the opening of Yorkdale Shopping Centre in December 2022.
Founded by Kenneth Shoji, % Arabica is an independent coffee brand from Kyoto, Japan with 155 stores globally.
The brand's commitment to quality and love for coffee and design shines through its unique architecture and the one-of-a-kind coffee experience offered at each location.