Nestlé sells stake in Givaudan, stirs speculation about share in L’Oréal

Food group Nestlé is to sell its 10% share in flavor and fragrance company Givaudan for Sfr1.08bn ($1.21bn), a move that has given rise to speculation that it would also divest its 29.3% stake in L’Oréal next year.   Nestlé’s...