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Is L'Oréal next?
December 6, 2013
By: TOM BRANNA
Editor
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 busine...
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