PARIS — L’Oréal stock rose strongly Friday following news that Nestlé will sell its 10 percent stake in Givaudan, the Swiss fragrance and flavors supplier.
The French beauty giant closed the day up 3.6 percent to 126.80 euros, or $173.64 at current exchange, as market speculation percolated yet again that Nestlé could divest its 29.3 percent stake in L’Oréal in April, once a shareholder pact expires.
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?"