By  on August 28, 2013

PARIS — The suspense over what Nestlé might do with its 29.3 percent stake in L’Oréal was heightened Wednesday when the Swiss food giant’s chairman told a local newspaper that Nestlé would not extend its 10-year purchase contract with France’s Bettencourt family, which owns 30.5 percent of the beauty giant.

Peter Brabeck-Letmathe added that Nestlé wishes to keep all its options open, including the status quo.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus