Rise of Founder Control in Beauty Industry Hits Record High as Mid-Term Goals Raised
Rolls-Royce's mid-term targets have been lifted to reflect its confidence in future profit growth after a plan to improve engines and cut costs helped its results beat expectations, pushing its shares up 15% on Thursday. The company's CEO described it as a "burning platform" in need of a fundamental turnaround. Rolls-Royce has announced a dividend of 6 pence per share and launched a 1 billion pound share buyback.
- This announcement may signal a broader trend towards founder-led companies reclaiming control from outside investors, potentially leading to more innovative and agile businesses in the beauty sector.
- How will the increasing influence of founders in the beauty industry impact consumer trust and loyalty in the coming years?