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 CEO fuels speculation over Nestlé deal

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.

See more

You may also like

Research & Development
La Roche-Posay opens Young Investigator Grant applications for 2026

La Roche-Posay opens Young Investigator Grant applications for 2026

Read more
The L’Oréal-owned dermatologist-led skin care brand’s Young Investigator Grant initiative provides up to US$50,000 for research that aims to transform patient quality of life through clinical medicine, biology and pharmacology

Trending Articles

  1. Coty names Soraya Benchikh CFO amid rocky Q4 financial update Soraya Benchikh brings more than two decades of international finance and general management experience to the role, and will report into Markus Strobel, Executive Chairman and Interim CEO of Coty
  2. Estée Lauder Companies’ CEO on revitalising lagging make-up sales and fuelling growth in China As Estée Lauder Companies' (ELC) make-up division faced ongoing profitability pressures, Stéphane de La Faverie, ELC President and CEO, explains how the business plans to recover while also fuelling growth in Asia-Pacific
  3. Coty Q4 2026 sales impacted by weaker Consumer Beauty demand The Kylie Cosmetics and Rimmel London owner reported a weak performance across Consumer Beauty, as the planned exit for Gucci also weighed on the French beauty giant’s outlook
  4. You need to be a subscriber to read this article.
    Click here to find out more.
    Tropic Skincare reopens headquarters following phase one of £5 million investment The ambassador-led skin care and cosmetics brand, founded by Susie Ma, has reopened doors to its headquarters in Croydon, England, as phase one of a £5 million investment across Tropic Skincare’s locations completes
  5. Estée Lauder Companies US tariff refunds help net sales top $15 billion in 2026 The beauty giant recorded a $38 million benefit in cost of sales from refunds received during the fiscal 2026 fourth quarter, following a Supreme Court ruling that US President Donald Trump had incorrectly used the International Emergency Economic Powers Act to levy taxes

Upcoming event

Anti-Ageing & Skin Health: The Actives Driving Growth

10 September and 17 September 2026 | Virtual See all

You may also like

Research & Development
La Roche-Posay opens Young Investigator Grant applications for 2026

La Roche-Posay opens Young Investigator Grant applications for 2026

The L’Oréal-owned dermatologist-led skin care brand’s Young Investigator Grant initiative provides up to US$50,000 for research that aims to transform patient quality of life through clinical medicine, biology and pharmacology
Colour Cosmetics
L’Oréal names new Chief Diversity, Equity & Inclusion Officer, North America

L’Oréal names new Chief Diversity, Equity & Inclusion Officer, North America

The beauty giant has promoted Rahquel Purcell to Chief Diversity, Equity & Inclusion Officer, North America, succeeding Liliahn Majeed, who has decided to leave L’Oréal after three years of service
Colour Cosmetics
L’Oréal plots first Gucci Beauty launch as early as 2028 and wants to make it a multibillion-euro brand

L’Oréal plots first Gucci Beauty launch as early as 2028 and wants to make it a multibillion-euro brand

L’Oréal CEO Nicolas Hieronimus has given  a timeline for the ‘reacceleration’ of Gucci Beauty after gaining early access to the brand’s 50-year licence from Coty, and shared his ambitions to make it a multibillion-euro brand
Finance
L'Oréal’s dermatological division leads soaring sales in H1 2026

L'Oréal’s dermatological division leads soaring sales in H1 2026

The French beauty giant benefited from strong demand for CeraVe’s new ceramide sun care range and the ongoing recovery of the Chinese beauty market
You need to be a subscriber to read this article.
Click here to find out more.
Packaging
Is beauty’s refill movement actually working?

Is beauty’s refill movement actually working?

Beauty brands have invested heavily in refillable formats over the past couple of years, but availability, cost and convenience continue to stand between consumer interest and long-term behavioural change, writes Nyima Jobe
You need to be a subscriber to read this article.
Click here to find out more.
Colour Cosmetics
Analysis: L'Oréal must address what Gucci Beauty stands for in licence takeover

Analysis: L'Oréal must address what Gucci Beauty stands for in licence takeover

With L’Oréal set to acquire Gucci’s beauty licence from Coty sooner than expected, we discuss what the giant can do for the luxury fashion house – from addressing Gucci Beauty’s identity crisis, to building a make-up line that can mature and build equity
Finance
L’Oréal inks partnership with the Plenitude Arena to extend cultural reach

L’Oréal inks partnership with the Plenitude Arena to extend cultural reach

The French giant has signed a two-year partnership with Europe’s largest indoor venue to become its Exclusive Beauty Partner, with L’Oréal now able to showcase its portfolio of 40 beauty brands to ‘highly diverse audiences’ during events
Subscribe now