The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
VEVEY, Switzerland — Nestlé Chairman Paul Bulcke said the food giant's stake in French cosmetics firm L'Oréal was "something active on the board's agenda" in an interview with the Financial Times published on Monday that could trigger a fresh round of speculation.
Nestlé is under pressure from New York-based hedge fund Third Point, run by investor Daniel Loeb, to overhaul its business and sell its stake in L'Oréal.
Asked whether Nestlé would consider allowing Third Point on its board, Bulcke declined to answer, the Financial Times reported. "We are open to all ideas and then we judge what is best for the company," he said.
By Silke Koltrowitz.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.