Nestlé confirms L’Oréal divestment is on the agenda

At L’Oréal’s annual financial meeting in February, chairman and ceo Jean-Paul Agon said that the group was ready to buy back the stake should Nestlé choose to sell

Swiss group Nestlé may decide to sell its 23% stake in L’Oréal, according to reports. The group’s chairman, Paul Bulcke, has reportedly said that a sale is “something active on the board’s agenda”, and that the board would “take the...

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