L\'Oréal CEO fuels speculation over Nestlé deal

Published: 2-Sep-2013
Finance

French cosmetics giant will be ready to buy out Nestlé stake in 2014, says Agon

L'Oréal will be ready to buy Nestlé's 29.5% stake in L'Oréal next year, CEO Jean-Paul Agon has told French publication Les Echos. The newspaper quoted Agon as saying the French cosmetics giant would have the means to buy Nestlé's holding from April 2014, when a ten year mutual right of first refusal with L'Oréal's founding Bettencourt family expires, which will allow the Swiss food group to sell. Agon estimated the value of Nestlé's holding at around €22bn.

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L'Oréal CEO speaks out on impact of Middle East conflict on the business

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L’Oréal CEO Nicolas Hieronimus has outlined the so-far manageable effects of the US-Iran war on the French beauty giant, but there is uncertainty around how long the conflict will last

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L'Oréal CEO speaks out on impact of Middle East conflict on the business

L’Oréal CEO Nicolas Hieronimus has outlined the so-far manageable effects of the US-Iran war on the French beauty giant, but there is uncertainty around how long the conflict will last
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L’Oréal sales surge 7.6% in Q1 driven by ‘step up’ in innovation

L’Oréal CEO Nicolas Hieronimus has hailed a ‘great start’ to the year, with performance ‘significantly’ ahead of the market and ‘encouraging’ signs in the skin care category, plus a limited impact of the Middle East conflict so far
Finance

L'Oréal CEO Nicolas Hieronimus on why acquiring Kering Beauté is a 'win-win partnership'

Hieronimus spoke about L'Oréal’s acquisition of Kering Beauté and the future partnership during Kering’s Capital Markets Day held in Florence, Italy
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L’Oréal’s BOLD venture fund invests in premium body care brand Hanni

BOLD, L’Oréal’s venture capital fund, has announced the addition of ‘clean’ body care brand Hanni to its beauty portfolio via a LinkedIn post
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Kering reports lacklustre Q1 revenues in first quarter without beauty

Revenues decreased 6% to €3.5 billion following the luxury fashion house's offloading of its beauty arm, Kering Beauté, to L’Oréal on 31 March 2026
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L’Oréal appoints Global Chief Commercial Officer for its Consumer Products Division

Stijn Demeersseman is a L’Oréal veteran, having previously spent eight years working at the French beauty giant, and joins the company again from ecommerce goliath Amazon
Fragrance

L’Oréal finalises ‘significant’ €4 billion acquisition of Kering Beauté

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