PARIS — Nestlé SA said it will not alter its stake in L’Oréal in April, but industry watchers still believe a change could take place in the mid- to long-term.
“We are not in a hurry to do anything,” Jim Singh, Nestlé’s chief financial officer, said during a financial analyst conference call Thursday to discuss its 2008 results. He explained the Swiss food giant, which holds 30.6 percent of L’Oréal, would uphold its commitment to Liliane Bettencourt, who with her family owns 30.8 percent of the French beauty giant. Bettencourt is the 86-year-old daughter of L’Oréal founder Eugene Schueller.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"