The giant swiss food Nestlé announced on Thursday that he did not intend to renew the agreement with L’oréal, while the shareholder pact approach of the cut-off date for the publication of its annual results which prove to be mixed.
The shareholders ‘ agreement which binds Nestlé and the Bettencourt family came to an end on march 21, 2018.
“In order to keep all options open in the interests of shareholders, Nestlé, the Board of directors has decided not to renew this agreement,” said the group in a press release.
“We have no intention to increase our stake in L’oréal and we are committed to continuing our constructive relationship with the Bettencourt family,” he said.
L’oréal remains an important investment for Nestlé, insisted the swiss group, stressing that he intended to pursue a constructive relationship with the Bettencourt family.
Its turnover has increased by 0.4%
The giant swiss food has reported a 15.8% decrease in net income compared to the previous year, to 7.2 billion swiss francs ($6.2 billion euros), due primarily to an increase in restructuring charges and depreciation and amortization on goodwill for its subsidiary, Nestlé Skin Heath.
Its turnover has increased by 0.4% compared to the previous year, to 89.8 billion swiss francs.
Unemployment, industry, high-tech, media… the graphics of Challenges in 2017