Nestle to Decide on L’Oreal in 2014, Chairman Brabeck Says
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Nestle SA said it will decide what to do with its stake of 30 percent in L’Oreal SA, the world’s biggest cosmetics maker, in 2014, the year that restrictions on the foodmaker selling the holding to a third party are lifted.
Nestle’s board has started considering its options concerning the “extremely important and complex issue of the future of our involvement in L’Oreal,” Chairman Peter Brabeck-Letmathe said at the company’s annual shareholder meeting today in Lausanne, Switzerland.