The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
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.
PARIS, France — L'Oréal, the world's largest cosmetics group, has offered to acquire Chinese skincare company Magic Holdings International for HK$6,538 million ($840 million).