This Week in Sovereign: July 19, 2026

Good day! This week: L'Oreal locks up Gucci Beauty for half a century, Dott shows shared micromobility can pay its way, and Risk Ledger raises $32 million as Britain tightens its cyber rules.

L'Oreal Secures 50-Year Gucci Beauty Licence as Coty Exits Early for $400 Million

L'Oreal has entered a 50-year exclusive licence to create, develop and distribute Gucci fragrances and beauty products from July 2027, after Kering paid Coty $400 million to end its existing agreement roughly a year ahead of schedule.

The settlement clears the last obstacle from Kering's €4 billion sale of its beauty division to L'Oreal in October 2025, which covered Gucci, Bottega Veneta and Balenciaga but left Coty's separate Gucci licence, due to run until 2028, in the way.

Dott Reports €20 Million Trailing EBITDA as It Reaffirms Full-Year Guidance

The Amsterdam-based e-scooter and e-bike operator posted an adjusted EBITDA margin of 22 percent in the second quarter, lifting its last-twelve-months adjusted EBITDA to €20 million and keeping it on course for a full-year target of €30 million to €40 million.

Q2 net revenue came in at €47 million, up 3 percent year on year on a like-for-like basis. For a sector long defined by cash burn, the numbers are a signal that shared micromobility can run at a real profit.

Risk Ledger Raises $32 Million as UK Tightens Cyber Rules for Critical Suppliers

The London company, which maps security weaknesses across corporate supply chains, has closed a £24 million Series B just as Britain prepares to place the cyber defences of its most important suppliers under statutory oversight for the first time.

The money will fund more UK customers, AI tools for spotting supplier risk, and an entry into the United States.

Also This Week

That's all for this week. See you next Sunday.