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EU Passes Nestle, L’Oreal “Healthy” Cosmetics Joint Venture

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By: TOM BRANNA

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The European Commission, Brussels, Belgium, cleared Swiss Food group Nestle SA’s joint venture with French cosmetics giant L’Oreal to develop a new range of “healthy” cosmetics. The new company, Laboratoires Inneov, will offer cosmetics with vitamins and other nutritional supplements.Inneov will depend on Nestle’s nutrition research as one of the world’s largest food suppliers. L’Oreal will provide the cosmetics background and specifically its expertise ...

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