Nestle Cuts Its Stake In L’Oreal To 20 Pct
Consumer packaged goods (CPG) giant, Nestle, is reducing its stake in L’Oreal to 20.1% by selling shares worth $10 billion. The company’s stake in the
Consumer packaged goods (CPG) giant, Nestle, is reducing its stake in L’Oreal to 20.1% by selling shares worth $10 billion. The company’s stake in the
L’Oréal USA has revealed its plans to open a second company headquartered in El Segundo, California, in early 2022. “We are fortunate to be in a position to invest
Direct-to-consumer (DTC) beauty brand, Glossier, has appointed L’Oréal executive Kleo Mack as vice president of brand. Mack will spearhead the growth and evolution of the Glossier
L’Oréal, the world’s largest cosmetics company, saw higher than expected revenue growth in Q4. The company benefitted from a surge in digital sales during the
Replika Software, a social commerce company, has caught the eyes of LVMH Luxury Ventures and L’Oréal Bold. The company announced that it has received Series
Brazilian cosmetics giant Natura & Co. has agreed to sell The Body Shop to private investor Aurelius Group for $254.32 million, six years after buying
Private equity firm Aurelius is currently holding talks to potentially acquire The Body Shop from Brazilian beauty company Natura & Co., which the brand bought
As of August 1, 2023, Prada will expand into the makeup and skincare business with the launch of new collections in each category. The Milan-based
On Monday, June 26, 2023, Gucci’s parent company Kering announced its plans to acquire Creed, a prestigious French fragrance brand. The deal marks Kering’s first acquisition
In a strategic move to expand its business, direct-to-consumer (DTC) company Ring Concierge has hired Neda Whitney as its first-ever marketing chief. Nicole Wegman, the CEO and