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L'Oréal and Nestlé JV didn't meet sales expectations.
December 2, 2014
By: TOM BRANNA
Editor
One beauty supplement business never really blossomed. L'Oréal and Nestlé announced that they will terminate the activity of their joint venture Innéov during the course of the first quarter 2015. Created in 2002, Innéov offers cosmetic nutritional supplements sold in pharmacies. The brand has not met the development expected by both partners. In 2013, Innéov achieved a turnover of 52 million euros. Both partners will keep the benefits of the research and intellectual property as well a...
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