By  on March 4, 2010

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.

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