L'Oreal SA (OREP.PA)
25 Sep 2017
LONDON (Reuters Breakingviews) - Nestlé’s stake in L’Oréal looks ready for a makeover. The death of Liliane Bettencourt, whose family is the French cosmetics group’s largest shareholder, will revive the debate about the Nescafé owner’s 23 percent stake. Offloading it is the best solution. Putting 24 billion euros of value to better use could become Nestlé Chief Executive Ulf Mark Schneider’s big challenge.
PARIS The death of billionaire Liliane Bettencourt focused attention on Friday on how L'Oreal's founding family and major shareholder Nestle would manage their stakes in the world's biggest cosmetics firm. | Video
PARIS French businesswoman and billionaire Liliane Bettencourt, whose family founded L'Oreal and still owns the largest stake in the cosmetics giant, has died aged 94, her daughter said on Thursday.
* L'Oreal shares outperform, Nestle also up (Adds comment, details of Bettencourt ownership)
PARIS, Sept 22 Shares in cosmetics group L'Oreal rose on Friday after the death of 94-year old billionaire Liliane Bettencourt, who had the largest stake in the company and whose passing may alter the ties between L'Oreal and Nestle.
PARIS, Sept 21 French businesswoman and billionaire Liliane Bettencourt, whose family founded L'Oreal and still owns the largest stake in the cosmetics giant, has died aged 94, her daughter said on Thursday.
PARIS, Sept 21 Regularly named France's richest person and for years the wealthiest woman in the world thanks to her L'Oreal inheritance, Liliane Bettencourt lived her life surrounded by the scent of money, politics and more than a touch of scandal.
PARIS, Sept 21 French businesswoman and heiress of cosmetics giant L'Oreal Liliane Bettencourt, 94, has died, her daughter said on Thursday.
ZURICH Nestle plans to cut up to 450 jobs at a Galderma research and development center in southern France, the Swiss company said on Thursday, as it seeks to make the underperforming skin health business more efficient.
* L'Oréal and Natura have finalised sale of Body Shop to Natura Cosmeticos