PARIS — The waiting game is over — at least for now.
After long-standing speculation over what Nestlé would do with its significant stake in L’Oréal, the two companies said Tuesday that the French beauty giant plans to buy 48.5 million of its shares from Nestlé. To help pay for the deal, L’Oréal will sell Nestlé its 50 percent holding in Swiss dermatology pharmaceuticals company Galderma.
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?"