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:

  • Fit for Fitness

    Fit for Fitness

    Christine Esposito, Associate Editor||February 21, 2017
    Kinx Active is a new brand targeting women who want beauty products that can stand up to their fitness routines.

  • Cargo Says Aloha To Spring/Summer

    Cargo Says Aloha To Spring/Summer

    Christine Esposito, Associate Editor||February 13, 2017
    Cargo Cosmetics has rolled out its new Spring/Summer collection with Hawiianan singer Anuhea.

  • Monday Morning Quarterback

    Monday Morning Quarterback

    Christine Esposito, Associate Editor||February 6, 2017
    Super Bowl commercials are big business. Let’s look at some of personal and household care brands that bought spots this year

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Relief for Sensitive Scalps

    Relief for Sensitive Scalps

    Guadalupe Pellon and Annette Mehling , BASF||February 2, 2017
    BASF researchers detail the attributes of the company’s highly effective hair care system focusing on scalp sensitivity.

  • Defining Clean Skin

    Defining Clean Skin

    Nava Dayan PhD, Dr. Nava Dayan LLC||February 1, 2017
    A look at the issues, research and history surrounding this controversial topic.