Breaking News

Nestle To Sell Givaudan

December 6, 2013

Is L'Oréal next?

Nestlé will sell its 10% stake in Givaudan, the Swiss fragrance and flavors supplier, the company announced today. The sale is being handled by Goldman Sachs and is expected to fetch as much as $1.2 billion.

Last month, Nestlé sold its weight management business Jenny Craig in North America and Oceania to a US-based private equity group North Castle Partners. The Jenny Craig business in France was not part of the transaction. Nestlé is also said to be looking for a buyer of its Power Bar business.

The moves are all part of Nestlé's strategy to focus on its core food business. The world's biggest food group cut its sales outlook earlier this year and said it would dispose of underperforming businesses to slim down its sprawling portfolio which spans Perrier bottled water, KitKat chocolate and Gerber baby food.

"Nestle is confirming its intention of better allocating its capital," said Vontobel analyst Jean-Pilippe Bertschy.

But does that plan include L'Oréal? Observers have speculated for months that Nestlé will sell its 30% stake in the world's largest cosmetics company as early as April 2014, when restrictions on selling the company loosen.


Related End-User Markets:

blog comments powered by Disqus
  • Problems for Preservatives

    Problems for Preservatives

    June 20, 2016
    David Steinberg details the issues surrounding this critical ingredient category.

  • Voyage to Better Skin

    Voyage to Better Skin

    June 13, 2016
    Skin Inc. rolls out new light-based device to US market.

  • Patent Update

    Patent Update

    June 9, 2016
    Avon’s use of melicope extract, skin care with SPF and chicory root, microdermabrasion cream and more in recent patents.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.