| Bettencourt: Nestlé no threat to L’Oréal |
| L’Oréal billionaire shareholder Lilian Bettencourt has said that the food giant poses no threat to L’Oréal’s interests or independence, and has reiterated her position and passion for the cosmetics company. Nestlé currently holds a 30 per cent stake in the cosmetics giant, and chairman Peter Brabeck announced last week that the firm would not decide on what to do with its share until 2014. The year 2014 is significant because it marks the end of a 10-year standstill agreement that does not allow Nestlé to sell its stake in the L’Oréal business, which is still majority owned by the Bettencourt family. Last year there was significant speculation over whether or not Nestlé were considering raising their investment in the world’s biggest cosmetic and personal care company. However, this speculation was quashed at the end of last year in an interview with French magazine Le Point, when L’Oréal chairman Lindsay Owen-Jones was quoted as saying that a takeover bid by the Swiss food company was ‘unlikely’. |
news n°
145208
PARLUX ❤️ Eccellenza italiana, innovazione e crescita sui mercati globali
I NUOVI PRODOTTI PER RESTARE LEADER La d.ssa Elisa Parodi,Direttore Generale Parlux spa dichiara: “Restare leader significa non smettere mai di ascoltare il mercato.I nostri nuovi prodotti nascono sempredall’osservazione quotidiana del lavoro nei...
