By
Reuters
Reuters
Published
Sep 26, 2017
Sep 26, 2017
Nestle says approach to L'Oreal stake unchanged
By
Reuters
Reuters
Published
Sep 26, 2017
Sep 26, 2017
Nestle said on Tuesday its approach to its 23 percent stake in French cosmetics firm L‘Oreal was unchanged after the death of L‘Oreal heiress Liliane Bettencourt last week triggered speculation of an ownership shake-up.
“Our approach to the L‘Oreal investment is currently not changing,” Chief Executive Mark Schneider told investors at the food group’s investor seminar in London after offering condolences to the Bettencourt family.
© Thomson Reuters 2024 All rights reserved.