World  Business and Economic Analysis 


   

   

Katharine L’Heureux

       
        Writer Kate O'Brien | August 18, 2015   
       
   
       
            

With a background in publishing and public relations, Katharine L’Heureux was living in New York with her husband and three children when a chance visit to Morocco in 2007 ignited a passion that burns on. “I was approaching 50 and trying to live a healthier lifestyle,” she explains, “but the earthy organic smell of the more natural skincare products available at the time didn’t appeal to me as a luxury skincare buyer. I didn’t trust that these products would work for me. First and foremost, skincare needs to work. I was in the Moroccan desert and my skin became so dry that the local Berber women gave me some argan oil. It really worked, I loved it and I loved Morocco so much.”

These Berber women have used the pressed juice of the argan kernel for centuries to combat the dry desert air and reduce the signs of ageing. The oil is sourced from the argan tree or ‘Tree of Life’ as it is called locally, that grows exclusively in the Souss valley of southwestern Morocco, an area that is now a UNESCO biosphere reserve.

Overflowing in vitamin E, essential fatty acids and antioxidants, it helps soften, repair and rejuvenate every skin type.

Back in New York, L’Heureux began to import small quantities of the oil for personal use, when something on her radar enticed her to develop this organic, sustainable product a little further. So began the pure, natural and sustainable brand Kahina Giving Beauty.

It marks a timely move too, as she believes that the movement for pure ethical skincare is only just beginning. “As more people realise what is in conventional beauty products, and the health problems that these toxic ingredients can cause, as well as their effects on the environment and on animals, it is understandable that people will look for alternatives. Once they see the results they are achieving with natural skincare, the choice soon becomes clear.”

       
 
 
   
   
                                              
       
       
       
       
       
   
       
                       
           
               

 

       

 

 
 

Our forecast provides key findings at the global, regional and sector level. Those findings include:
 
 Global forecast
• Global M&A and IPO activity will continue rising in the next three years, peaking in 2017 in developed markets and 2018 in emerging markets.
• Global economic growth will accelerate, and low interest rates and easy credit conditions in key countries are likely to maintain upward momentum in equity markets.
• The transaction peaks in 2017 and 2018 won't be as high as those before the global financial crisis, as we are not experiencing the same bubble-like conditions prior to 2007.
• As the global economic recovery continues and central banks begin to raise interest rates, equity markets will decline, leading to a moderate downturn in global deal-making by 2018.
• Emerging market M&A activity will capture a larger share of total deals, rising to 21% of total transactions in 2018, up from 18% in 2014.
             
               
               
 Regional M&A forecast
North America will experience strong levels of deal-making for the next three years, particularly the US.
• M&A deals in Europe will rise, driven largely by inbound transactions by US companies taking advantage of a strong US dollar.
Asia will re-emerge as one of the world's most dynamic growth stories, beginning with a resurgence of cross-border transactions next year.
• Growth prospects in Latin America will improve as a result of policy reforms in countries like Mexico.
Africa and the Middle East will see more deal-making activity as oil prices rebound over the next few years.
             
               
               
 Regional IPO forecast
• Domestic IPOs in North America will recover from last year's dip, pushing toward a new record of US$82 billion by 2017.
• IPOs in Europe will slow this year, amid uncertainty linked to parliamentary elections, with an upswing in activity to return next year.
• IPO activity in Asia Pacific will accelerate over the next three years, peaking at US$87.4 billion in 2018.
Emerging markets-based companies will continue pursuing cross-border listings to raise capital in deeper, better capitalized markets in the US and UK.
             
               
               
 Sector M&A forecast
• The pharmaceutical sector will drive global deal-making, and transactions in the more broadly defined healthcare sector should continue rising in the next three years.
Technology and telecom companies have become increasingly active players in global M&A and will continue that trend, spurred by increased regulation and intense competition.
• Greater consumer confidence, improved corporate balance sheets and rising wages should drive more transactional activity in the consumer goods and services sector.
• A wave of consolidation amid the drop in oil prices will boost M&A in the energy sector.
• M&A activity in the industrial manufacturing sector should rise over the next three years as commodity prices rebound and the US dollar remains strong.
• Deal-making in the banking sector will rebound in the next three years, driven by increased regulation and capital requirements that will force banks to sell off their non-core businesses.
             

 

   
   
           




       
   
 
   
                                
                      
   

    

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