By  on September 26, 2017

PARIS – Nestlé’s chief executive officer Mark Schneider has no intention of changing the company’s approach to its investment in French beauty giant L’Oréal. “Our approach to this investment is currently not changing,” he told an investor event on Tuesday. “I just wanted to [make] that clear.”

His comments addressed market speculation that Nestlé’s attitude to its 23.3 percent stake in L’Oréal might change following the death of L’Oréal heir Lilane Bettencourt on Sept. 21.

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