PARIS — Talk about Nestlé’s participation in L’Oréal has bubbled up again here. But Françoise Bettencourt Meyers, granddaughter of the French beauty giant’s founder, has helped squelch the conjecture by reiterating her family’s support for L’Oréal.
A report in the U.K.’s The Daily Telegraph on Monday referred to gossip involving Nestlé speaking informally to Liliane Bettencourt, L’Oréal’s largest shareholder with 30.8 percent of its capital and daughter of its founder, about an acquisition of her stake in the company. “Traders believe Liliane Bettencourt…has asked Nestlé to put its offer in writing before she makes a decision,” the newspaper reported.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"