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Nestle Is Working With Advisers to Review Skin-Health Unit

  • J&J, KKR said to be among potential bidders for the asset
  • Skin-care division may fetch a value of up to $10 bilion
Photographer: Todd Oren/WireImage via Getty Images

Nestle SA is working with advisers on the potential sale of its skincare division as the Swiss firm moves ahead with plans to narrow its sprawling business interests, people familiar with the matter said.

Credit Suisse Group AG is one of the banks that Nestle is working with on the review, which could value the business at $8 billion to $10 billion, the people said, asking not to be identified as the appointment is private. The division may attract bids from personal-care companies such as Johnson & Johnson and private equity firms including KKR & Co. and Apax Partners, they said.