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Woman French Cosmetics News:
Added on: 11 February 2014, 11:00 am
L'Oreal to buy 8% of its stake from Nestle for $9 bn
French cosmetics firm L'Oreal is buying 8 per cent of its shares from Swiss food group Nestle for Euro 6.5 billion ($9 billion), loosening their 40-year partnership and allowing both firms to boost earnings per share.
Added on: 11 February 2014, 8:03 am
Nestle cuts stake in L'Oreal, but staying for 'long haul'
By Astrid Wendlandt and Pascale Denis PARIS (Reuters) - Swiss food group Nestle is selling an 8 percent stake in L'Oreal to the French cosmetics firm for 6.5 billion euros ($9 billion), loosening their 40-year partnership and allowing both firms to boost earnings per share. However, Nestle said on Tuesday it remained committed to the maker of Garnier shampoo and Lancome creams for the "long haul ...
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