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At the opening this Friday, the Dow Jones revolves around the balance, 0.15% after clinching a few minutes of trading. The Standard & Poor's 500 does not move at 1361 points while the Nasdaq fold from 0.06% to 2871 points. Economic indicators fell this day emerged mixed.

Household consumption to menu

After finishing up the day, Wall Street reacted little to the various macroeconomic indicators on the agenda Friday. Household consumption has caught up. According to the U.S. Commerce Department, spending rose 0.6%, the ninth consecutive month of increase, after rising 0.9% in February (revised from 0.7%).

Inflation accelerated for the fourth straight month the U.S., according to the price index associated with household consumption expenditure (PCE), released Friday in Washington.It reached 1.8% yoy, while she was still only 1.0% in November

But the growth of economic activity in the Chicago area slowed slightly more than expected, according to the index released Friday Thursday by the trade association ISM, which stood at 67.6 for April.

At 3:55 p.m., the second estimate of the index of consumer confidence in April, awarded by the University of Michigan, will be unveiled.

Merck, Chevron and Caterpillar publish their results

On the corporate side, Chevron (-0.84% ​​to 107.90 U.S. dollars) has published better than expected results in the first quarter. Net income group share was up 36% year on year to 6.2 billion dollars in the first quarter.

The manufacturers of construction equipment Caterpillar (2.37% to 115.33 dollars) has issued an earnings per share up 411% at 1.84 dollar.The turnover at 12.949 billion dollars, increased by 57%. The group revised its forecast for 2011 up. It expects sales of between 52 and 54 billion dollars against 50 billion previously.

Goodyear (9.92% to 17.81 dollars) on Friday issued a first quarter earnings four times higher than Wall Street expectations, thanks to strong demand.

Blackberry sells more than 15% yesterday after warning on its results.The Canadian group Research In Motion (RIM), maker of multimedia phone BlackBerry, has announced Thursday that its earnings forecasts for the current quarter, published on March 24 last, had to be revised downwards because of disappointing sales.

Merck (+0.14% to 35.82 dollars) announced a net profit in the first quarter more than tripled over the same period last year, which was impacted by costs of merger with Schering Plough. It amounts to $ 1.04 billion. The pharmaceutical group has slightly raised its annual forecast.

The groupeMicrosoft (-2.06% to 26.16 dollars) is very guarded, after publication, on Thursday after the market close, with net income up 31% to 5.23 billion for the third quarter shifted its fiscal year. A performance that does not stop him being left behind parApple (0.79% to 349.50 dollars).Based on the number of shares and excluding special items, earnings amounts to 61 cents, above the 56 cents expected by analysts. The turnover shown up 10% to 16.43 billion, despite the climate of "mixed" for the PC market.

Cancellations will travel faster than the revolutions themselves Arab. While the wind blows still timidly revolt in the Middle East, several of them noted a sharp drop in hotel bookings.

Jordan in particular, several sources said that cancellations had reached 50%. A tour operator confirms that in 3000 tourists who booked a trip in the coming months, 1200 had already annulled. Jean-Francois Rial, CEO of Voyageurs du Monde, a leading tour operator in France, also referred 50% of cancellations to the country. This situation is particularly worrying for a local economy where tourism represents 14% of GDP, with a turnover estimated at one billion dollars in 2010.

Syria is no exception.Ghassan Chahine, owner of Naya Tours agency in Damascus, said he registered 35-40% cancellations for peak tourist season which runs from March to May, mainly by Europeans. The Syrian Minister of Tourism Saadallah Agha al-Qala, has been forced to revise downward its objectives: "We do not expect an increase of over 11% to 12% of the number of tourists" against an average annual growth of 15% since the early 2000s.

"All in the same bag"

Tourism professionals in the Middle East denounced the confusion in the minds of Western tourists. "They are influenced by media coverage and put all countries in the Middle East in the same bag, do not differentiate one country from another," said Nabulsi Touhami, office of tourism in Jordan. Tourists have canceled their trips to all Arab countries. "

Jean-Francois Rial, "people are more worried about what might happen in other countries than those where the revolution is over. Is that King Abdullah will not jump, do as the king of Morocco does not have a problem, as Hu Jintao? ". Ghassan Chahine agrees: "People tend to think that the revolts are taking place across the region."

Hopes

Despite their concerns, industry professionals want to believe in an imminent improvement in the situation. "The perception of people change very quickly. It does not take much time before the booking for a country not resume, "says Sean Tipton of the Association of British tour operators.

Until the fears subside, tour operators could, like the Maghreb, betting promotions.Marmara, the leading destination Tunisia is already seeing the success of its offer a "pay for a given": "We found in March the level of bookings last year, with 8000 departures scheduled within a month," explained Le Figaro Florian Vighier, its director general.

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The CAC 40 was never able to really take off on Thursday. Nevertheless, the benchmark index of the Paris Stock Exchange, which closed yesterday in the green, continues to progress slowly but surely. So much so that it has exceeded its highest in April. At closing, he won 0.30% to 4061.34 points. The London Stock Exchange ahead of his side of 0.27% and the Dax in Frankfurt at 0.52%.

Caution remained high after several indicators were published in the day.In France, first of all, the consumer sentiment, which had plunged in December after three months of improvement, was still somewhat degraded in January, the new indicator that summarizes the point in having lost 85 points, according INSEE.

The same applies to the entire euro zone economic sentiment decreased slightly in January, higher morale, industry leaders did not offset the increased consumer gloom in the light of figures released on Thursday the Commission European.Also note, the demand for credit companies, encouraged by the economic recovery, increased in late 2010 in the euro zone for the second consecutive quarter in two years, announced Thursday the European Central Bank (ECB) .

Then the United States, the Department of Labor has identified 454,000 unemployment claims (against 403,000 the previous week).

The Commerce Department reported a 2.5% decline in durable goods orders, after falling 0.1% in November. Analysts on average expected a rebound of 1.5%.

Promises of home sales rose 2.0% in December, while analysts had forecast an increase of 1.0%. In one year, the December index stood at 93.7, against 97.8 in December 2009, a decrease of 4.2%.

Note that the side of the currency, the euro surpassed $ 1.37 Wednesday, while the greenback was mistreated after the speech by the Fed. The single currency has even touched 1.3722 dollars, the highest since late November 2010.On Thursday morning, the European currency remains slightly above the 1.37 dollars at 1.3704 dollars (+0.04%).

Several turnover expected

Carrefour – 0.51% to 33.90 euros

The title Carrefour retreated Thursday morning at the Paris Stock Exchange, while the group will have to pay fines in China after having misled its customers about the price, which could harm the image of the dispenser very present in the country.

Lafarge: -2.22% to 44.99 euros

The title of the cement was affected by several cuts of recommendation from managers who link including high exposure group to Egypt.

Aperam: + 6.02% to 31.7 euros.

Fruit of the division of stainless steels, Arcelor Mittal, Aperam continues to generate interest in the wake of its first listing and pending its release CAC 40 after the close Monday payday loans online.

Plastic Omnium: + 1.31% to 58.10 euros

The group on Thursday issued an annual turnover up 32.2% to 3.25 billion euros, supported by sales of its branch "car" (+37.9% to 2.78 billion euros) and its branch "environment" (+6.2% to 471.6 million). Plastic Omnium said it expects 2010 earnings of "strong growth".

Sanofi Aventis: -0.45% to 51.17 euros

The CEO said Termeer GenzymeHenri unlikely that Sanofi-Aventis appealing directly to the shareholders of the U.S. biotech while discussions between the two of them are making progress.Sanofi-Aventis has extended again until February 15 under the same terms is $ 18.5 billion in total, its offer to buy U.S. biotech group.

Essilor: + 0.47% to 48.39 euros

The world leader in ophthalmic lenses has signed eight partnerships in the world for a total of 40 million euros, with a "major" in Brazil, he says in a statement Thursday.In this country, "the group has taken stakes in Embrapol Sul, located in the Paraná region and achieving about 9.3 million euros in turnover in Tecnolens (Bahia, 7.3 million euros) and Farol (Rio Grande do Sul, 7.2 million euros). "

Technip: + 3.15% to 71.49 euros

The group announced an investment project, unencrypted, to strengthen its capacity to manufacture flexible pipes in Brazil to produce larger volumes and high-tech products.

Fimalac: + 1.13% to 31.35 euros

The group has published a consolidated turnover of the first quarter 2010-2011 of 169.3 million euros (+20.2% on a reported basis and 5.6% on a comparable basis).After capital reduction for Lucien Barriere, Fimalac said that he will own 40% of Lucien Barrière, for a purchase price of 186 million euros.

Vivendi: -0.21% to 21.72 euros

The operator GVT Telecom, a subsidiary of French media and telecommunications Vivendi said on Wednesday 760 million euros of investments in Brazil in 2011, to finance its development in the country.

Lagardère: -0.95% to 33.87 euros

The group has signed a new multi-currency syndicated loan of 1.6 billion euros in five years, to cover the general needs of the business. It replaces the previous syndicated loan signed in 2005 to 2.2 billion euros.

In today's schedule, Beneteau present its perspectives. After market, Vinci will unveil its 2010 sales, Areva will report its earnings for the fourth quarter, as JCDecaux and Boiron.

Attention, a French cheese may hide another. Lactalis is no longer the only candidate tricolor redemption of 50% of Yoplait sold by investment fund PAI. According to several sources, Bel withdrew an information pack through the transfer process.

Unlike Lactalis, the owner of The Laughing Cow, Boursin Babybel and has no activity yogurt. But the opportunity to acquire a global brand in the ultra-fresh is worth studying closely. The group, which achieved a turnover of 2.2 billion euros in 2009, discusses in any case with the Strategic Investment Fund for a possible co-investment.

Irony of the case, Lactalis is a shareholder of Bel at 24% but without any power, the remaining capital is held by a family holding company no fax payday loans.For its part, the group led by Emmanuel Besnier has not received the file, after the rejection of its offer to $ 1.4 billion for the entire Yoplait to the chagrin of Sodiaal, who wants to remain a shareholder.

A score of candidates participating in the proceedings at that stage. Including Nestle, but PepsiCo. Tenders nonbonding are expected in early February.

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According to the letter dated Friday, brought to the attention of Figaro and sent by registered post to "senior position III C" holding the position of "Director of Front vehicle projects since 2006, the automaker said it had received" an anonymous tip involving namely, because (his) supervisor, Mr. Balthazard and indirectly Mr. Tenenbaum, Deputy Program Director electric vehicle "indicating that they have received" bribes ".

Explaining having initiated an investigation, "the responsibility of the compliance" of the company, submitted on January 6 in the "Compliance Committee" – editor's note: "Ethics" – Renault wrote that it "appears from these investigations than have "received money from foreign sources, leading to the conviction, given (its) responsibilities in a vital area for the future of the company (he has) given in exchange of strategic information for the company. "

Renault estimates, without providing details, that "these extremely serious acts indicate an intent to harm the company and constitute a serious and obvious to (its) obligations of confidentiality and loyalty to the company (..)»..

"My client knows nothing about the case against him"

Considering himself "unfairly hurt," Rochette Bertrand decided to strike back against the voices of his lawyers.

His advice Me Christian Charriere-Bournazel, intends on Monday sue for libel direct quote non-public proceedings before the police court. It refers to "the signer of the letter and the Renault is civilly liable," said the former president of the College. "I want to hold those responsible for the Renault to give us what they consider their evidence, since they did not have the reflex to give live to debate as they are now break the life of my client without having taken the precaution to say exactly why. "

In addition, Ms. Charriere-Bournazel has announced its intention to go as fast with Jean-Claude Marin, Public Prosecutor of Paris to learn the specifics of the complaint filed Thursday against X by Renault for "industrial espionage ."My client knows nothing about the case against him, he is put in food to the public and must be justified on the facts which we understand nothing, tenor Parisian rebels. We feel the heart of a trial of the largest Soviet era … "

On the social side of the record, My Marie-Sophie Rozenberg and Sabrina Gabyzon will enter into early next week the Industrial Tribunal to contest the dismissal of Bertrand Rochette saying that "the contents of the letter does not state specific allegations and Renault is based on mere belief can not justify a serious fault fast cash advance. "Both lawyers complain that the disciplinary procedure of the manufacturer is "based on an anonymous letter that does not ensure the reliability of the informant and that does not even mention Bertrand Rochette."

Accused of having opened an account in Switzerland

The executive in question, who maintains his innocence, had written to the director of executive management and senior officers of the Board a letter of two pages including Le Figaro has obtained a copy. Bertrand wrote Rochette being summoned by Patrick Pelata, CEO of Renault, Monday, Jan. 3, for a meeting on "management of the architecture of new vehicles.""So I was very surprised when Mr. Pelata me immediately announced that misconduct had been alleged (..) and that the company had evidence that I was involved in a case industrial espionage related to the electric vehicle with the key money and foreign powers. "

After being escorted from his home by Mark T., a former member of the Police Department for the Protection of the group, Rochette Bertrand says he was "accused of having opened an account in Switzerland on which corporation shall have been made in consideration confidential information that I trasmises to third. Marc T. reportedly said "they had evidence of what he said." "All this is strictly impossible, I suggested to Mr. T. to go to Switzerland to check up on conditions under which this alleged account was opened. "

Remembering be gone the next day early in the afternoon on the TGV to Geneva with Marc T. and one of his colleagues, Bertrand Rochette ensures arriving too late to see this bank account which he repeats all ignore. "It was decided to spend the evening and night in Geneva. Mr. T. we suggested a drink and dinner together, "says Bertrand Rochette. The next morning at breakfast, it was agreed that Messrs. T. and G. pass me up at my room in 10 hours. It was only 11:30 that these gentlemen have "reappeared" and informed me that the visit to the bank, which I still do not know the name, was canceled and we returned to Paris on the orders of Renault .. " This trip would have made abortion "qu'accuenter the nightmare" of the framework in question.

As part of his "dismissal for gross misconduct," Bertrand Rochette was served Friday the obligation to surrender on the field its "laptop, badge, car, mobile phone, credit card, and all business records (he) might have kept. "

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Seated on either side of the fireplace in the Oval Office, Barack Obama and Nicolas Sarkozy made a brief statement Monday, after a working meeting of about an hour on the issues of the G20, which takes place in Cannes in November . Besides the sacred union against terrorism, Obama has assured France's support for the G20.

Very warm, multiplying words of friendship and consideration for the French leadership on these issues, Barack Obama was careful not to give any pledge on the specific issues that are defended by the Elysee. The U.S. president has said that "too many imbalances" in the world, without specifying their nature. "France and the United States will make proposals on currencies and commodity prices," assured his side Nicolas Sarkozy.

The issue of foreign exchange spot, however, Washington on the defensive.Nicolas Sarkozy has repeatedly criticized the role of the dollar, global currency and reserve currency, driven without consulting with trading partners of the United States. Washington believes that emergency money is more on the side of the euro area still mired in the debt crisis. The United States has repeatedly expressed concern about this, pushing the Europeans to agree in an emergency. On Monday, Nicolas Sarkozy has sought to reassure Barack Obama and U.S. Treasury boss Tim Geithner, the "efforts of European partners to bring more European Governance by the end of the year," slips a collaborator of the French President .

Openness and frankness

Long considered by Paris as an opportunity to define a "new Bretton Woods," the G20 in 2011 is now presented by the head of state with extreme caution."We are only at the beginning of the G20, which has really only started in January. We must go forward step by step, by setting very specific goals, "warned the president's entourage. The first step is to "pass the seminar with China in March," it warns. The latter welcomed the "frank" and "openness" of Barack Obama, and the presence of any U.S. president's team around him during this interview. "This has prevented misunderstandings," said a relative of the head of state, and that when making appointments to the White House open to business circles close to Republicans, known for their open hostility to the French proposals in regulation.

"We have also come to reassure. No, we do not want to make revolution and we lost in stratospheric proposals. No, we do not want to destroy the dollar.No, we do not want a fixed exchange rate on raw materials, "summed up one senior source in the entourage of Nicolas Sarkozy. Even if the United States remains very skeptical about the need to regulate commodities, the discussion on Monday was "good," said the Elysee, "They want an attachment to the market price, but they understand the need a transparency about the state of stocks of raw material to avoid speculation, and they are open on the regulation of products derived from raw material. ".

Accompanied by his wife, Carla Bruni-Sarkozy, and Foreign Ministers Michele Alliot-Marie, and Economy Christine Lagarde, Nicolas Sarkozy then continued the conversation with his U.S. counterpart at a luncheon focused on diplomatic posts.

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In the wake of good numbers of private employment in the United States and good reaction from U.S. exchanges, the CAC 40 was unable to maintain its initial advance and finally finished on a score the same as Friday at 3904.42 affichaint points while a gain of more than 1% mid-term.

Same atmosphere in the other major European markets. At the London Stock Exchange, the FTSE-100 has finally finished down 0.40% to 6019.51 points. Only the Dax in Frankfurt managed to maintain its lead with a gain of 0.60% to end 6,981.39 points.

With the exception of Nikkei, Asian stock indexes have more or less responded to these U.S. statistics.

On Wednesday, the Paris index was narrowly saved the 3900 points, after the pessimism Tuesday by the Fed on European debts.

Weak macroeconomic news

On the macroeconomic front the news is mostly European and American.

For the euro area, retail sales decreased 0.8% in November compared to the previous month, after remaining stable in October, according to data released Thursday by the EU statistics office Eurostat.

However, the confidence of entrepreneurs and consumers in the euro area has continued to grow in December, according to an index released Thursday by the European Commission.

More good news, orders to German industry rose significantly more than expected in November.These orders rose 5.2% while economists polled by Reuters had expected an average increase of 0.9%.

United States, a single economic indicator is expected: the weekly claims for unemployment benefits. However, the weekly jobless claims rose in the U.S. during the first week in January at 409,000 against 391,000 (revised) the previous week. Economists on average had expected 400,000 registered unemployed. The entries of the week to 25 December were revised up from an initial estimate of 388,000.

On the currency markets, the euro slowed its decline against the dollar.About 11:00 am in Paris, the European currency was worth 1.3118 dollars against 1.3150 dollars on the previous evening, after falling briefly below the $ 1.31 for the first time since Dec. 29.

Lagardère values its sales to two billion

Lagardère: + 5.47% to 34.80 euros

In an interview with Le Figaro economy, Arnaud Lagardere said his eponymous group will use the proceeds from the sale of its minority interests (Le Monde, Canal + France, Amalric) and his international magazines, which may account for up to two billion euros for acquisitions in sport and digital.In addition, Lagardère will retain ownership of the trademark "She".

Total: 1.19% to 41.78 euros

Total said it had made a new gas condensate discovery in the west of the Shetlands in the UK North Sea, near Laggan and Tormore fields currently under development.

L'Oreal: + 1.42% to 85.86 euros

On the occasion of his wishes addressed to the press, Jean-Paul Agon, CEO of L'Oreal has confirmed its target of earning a billion new customers in 2011, focusing on the development of the middle class in countries emerging.

Carrefour: + 0.40% to 32.28 euros

According to sources familiar with the matter, Carrefour will sue Deloitte, he blames exceptional losses charged by the Brazilian subsidiary of the distribution group.

Sanofi-Aventis: + 2.01% to 50.84 euros

Vivalis and Sanofi Pasteur, the vaccine division of Sanofi-Aventis announced Wednesday it had launched a second program of discovery of human monoclonal antibodies through a partnership announced in June 2010.

PSA Peugeot-Citroen: + 1.99% to 30.96 euros

Guests of the Association of economic and financial journalists (AJEF), Philippe Varin, CEO of PSA Peugeot-Citroen said that the group has set a record by selling 3.6 million vehicles worldwide in 2010. Buoyed by such declaration of his side Renault climbed 2.68% to 46.67 euros.Renault acknowledged Thursday that its "strategic assets" were at the heart of the industrial espionage case that shook the government and did not hesitate to equate to an "economic war".

Hermes: -0.42% to 157.35 euros, LVMH: + 1.67% to 121.80 euros

In the case of Hermes / LVMH, the Autorité des marchés financiers (AMF) on Thursday examined the claim filed by Hermes takeover.

Eurazeo: + 0.11% to 57.12 euros

Eurazeo has hired investment bank Lazard to conduct a reflection on Europcar, the holding company acquired in 2006, and the possibility of an IPO of hire cars is discussed, as the daily Les Echos.

Manitou: -0.88% to 17.55 euros

World number one forklifts, Manitou counting on emerging markets to regain its lost revenue since the beginning of the economic crisis.

Novagali: + 0.1% at 3.41 euros

The biopharmaceutical company, Novagali, announced Wednesday it had received a positive opinion from European Medicines Agency (EMA) for the Phase III clinical trial of its drug Cyclokat, for the treatment of dry eye.

Beneteau (+1.64% to 16.47 euros) will publish after-hours trading turnover in the first quarter 2010-2011.

Closed Thursday because of holidays, the Tokyo Stock Exchange finished Friday's session down 0.65%. Investors, few, were defeated by Japanese securities firms exporting due to a resurgence of the yen vis-à-vis the dollar and euro.

At the close, the Nikkei index of 225 blue chips lost 67.29 points to finish at 10,279.19 points. The broader Topix index of all titles of the first table on his side finished the day down by 4.12 points (-0.45%) to 901.66 points. The trading volume was very low on the eve of Christmas, with only 1.28 billion shares traded on the primary market.

The Tokyo Stock Exchange was closed Thursday as the dollar and euro have weakened significantly since Wednesday against the Japanese currency, the first falling to less than 83 yen and the second in the 109 yen.The rise of the yen hurts Japanese companies that sell to the outside, diminishing profits collected abroad and distorting their financial forecasts. Titles Kyocera and Olympus and have declined by 1.06% and 1.38%. The action, however, Toshiba gained 0.68%, the group announced that it would subcontract the manufacture of chips at South Korea's Samsung Electronics bad credit payday advance.

Crude oil prices mixed

Moreover, the Hong Kong Stock Exchange, which closed earlier Friday because of Christmas, finished down 0.30%, partly due to fears of a tightening of monetary policy in China.The Hang Seng Index lost 69.17 points to close at 22,833.80 points, for a limited volume of trade to 23.63 billion Hong Kong dollars (3.05 billion dollars).

On the oil market, crude prices were mixed Friday in electronic trading in Asia, suffering some profit taking after hitting the day before a new high for the past two years. In morning trading, a barrel of light sweet crude for February delivery yielded 13 cents to 91.38 dollars, one of Brent North Sea crude for February delivery gained 18 cents to 94.43 dollars. The previous day, oil had climbed to 91.63 dollars during trading in New York, and up to 94.54 dollars in London, levels last seen in early October 2008.Crude prices are supported by the "index of consumer confidence in the U.S., which suggests an increase in gasoline demand," according to a note from the Commonwealth Bank of Australia.

Blocking ports and refineries in October was felt in industrial production. Monthly production of the manufacturing industry decreased by 0.8%, according to the INSEE index released Friday morning. The last three months, production remains in the green, with an increase of 0.6%.

The refining industry has plagued the index. She saw his production drop of 56 unsecured personal loans.5%, "due to social movements for the month of October," notes the INSEE. The indicator also shows a decline in chemistry (-3%), textiles and clothing (-2.2%) among others. In contrast, pharmaceutical advances (+1.3%), as well as in computer and electronic products (+1.6%). Please note, car production rose sharply, by 4.2%.

Coty buying spree. The American group of perfumes and cosmetics just bought the Carlyle care products Philosophy skin. It would have paid about $ 1 billion to get hold of this company, who wishes to involve the care of the skin to "general welfare" of women.

Ten days ago, offered himself Coty cosmetics German Dr. Scheller, owned by Russian Kalina. By seizing particular brand of makeup Manhattan, the group founded in Paris in 1904 became No. 2 sector in Germany behind his great rival L'Oreal.Embodied by the brand Rimmel, Coty's cosmetics business generates 23% of sales (3.6 billion), against 62% for its perfumes (Calvin Klein, Chloe, Marc Jacobs, Jennifer Lopez, Davidoff, Playboy … ).

"Coty is now forced to diversify because of declining U.S. market fragrances," says Oru Mohiuddin, an analyst at Euromonitor International. Coty Prestige, which will be integrated Philosophy, has recently extended its partnership with Calvin Klein to the development and distribution of the makeup of the mark. Coty seriously eyeing the California OPI nail.

Its activity in muscles, skin care, Coty goes further cheap credit report. "This is the category grows, and grow it faster in absolute value in the global market for beauty, boosted by the wrinkle," says Oru Mohiuddin.Yet apart including creams Lancaster, Coty is still very present in this sector.

Agreement with Lady Gaga

By acquiring Philosophy, mainly present in North America, Coty is also betting on synergies in distribution on one of its biggest markets. Creams, makeup and bath products of Philosophy include distributed in stores such as JCPenney or Sephora, where a limited edition of its cream Hope has just been launched in honor of Oprah Winfrey.

Multiplying acquisitions and diversifying its portfolio of brands, Coty also seeks to give a strong signal. The group, of which 57% of business comes from Europe, has suffered from the crisis. But it gets better. He boasts of having made from July to September the best quarter in its history.The results he celebrated last week by signing a partnership in perfumes with Lady Gaga …

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