Today, the Swiss food group has a 28.9 percent stake in the French beauty giant, which is also 30 percent owned by Liliane Bettencourt, the 86-year-old daughter of L’Oréal’s founder, Eugene Schueller. Under terms of the current shareholder agreement, Nestlé is free to sell its holding in L’Oréal starting April 29, 2009, but cannot take a majority share in the firm unless Bettencourt passes away earlier, and, in that case, only six months after. Post-April 29, 2009, Nestlé does not have the right to acquire L’Oréal unless she gives her approval, and that six-month grace period remains in the event of her death.
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?"