Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 LOreal, Nestle Sign Deal - Beauty Packaging

What are you searching for?

Sign in
Beauty Industry

LOreal, Nestle Sign Deal

L'Oreal will soon gain back a stake in Galderma.

Author Image

By: Jamie Matusow

Editor-in-Chief

L’Oreal has signed a final agreement with Nestle, for the sale of its stake in Galderma. It’s a step toward L’Oreal ultimately being able to buy back an 8% stake in the company, from Nestle.

L’Oreal’s board of directors approved the sale last week. The two companies came to the agreement last month – for L’Oreal to buy back for 6.5 billion euros ($9 billion) an 8 percent stake held by Nestle in Galderma. The deal allows both companies to boost earnings per share.


Add us as a preferred source on Google

Get the latest Beauty Packaging news, insights and analysis in your Google Search and AI experiences.

Add Beauty Packaging as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Beauty Packaging Newsletters