PARIS, France — L’Oréal SA, the world’s largest cosmetics maker, reported a 2.2 percent drop in first-quarter revenue as unfavorable currency fluctuations and slowing demand in North America weighed on growth.
PARIS, France — L’Oreal SA, the world’s largest cosmetics company, agreed to buy back 8 percent of its stock for 6 billion euros ($8.2 billion), from Nestle SA.
PARIS, France — Nestle SA is exploring ways to reduce its $30 billion stake in L’Oreal SA and has signaled its intentions to the world’s largest cosmetics maker’s management, people with knowledge of the matter said.
PARIS, France — French cosmetics giant L'Oréal has the resources to buy back the 23 billion euro ($30 billion) stake Nestlé holds in it, the company's boss said on Friday, though he steered clear of pledging such a move.
ZURICH, Switzerland — Nestlé wants to keep its options open for its stake in cosmetics firm L'Oréal and will not extend a purchase contract with France's Bettencourt family, the food group's chairman told a Swiss newspaper.