L'Oréal and Nestlé announce the project to end the activity of their joint venture Innéov
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Nestlé S.A. /
L'Oréal and Nestlé announce the project to end the activity of their joint
venture Innéov
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Clichy, Vevey, 27 November 2014 - L'Oréal and Nestlé announce the project to end
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 as the developments achieved which could be potentially used in their
respective fields.
L'Oréal and Nestlé are committed to review all employment opportunities within
their Groups for all employees of Innéov. This project is being submitted for
information / consultation to employee representatives according to the
regulations of each country concerned.
About L'Oréal
L'Oréal has devoted itself to beauty for over 105 years. With its unique
portfolio of 28 international, diverse and complementary brands, the Group
generated sales amounting to 23 billion euros in 2013 and employs 77,500 people
worldwide. As the world's leading beauty company, L'Oréal is present across all
distribution networks: mass market, department stores, pharmacies and
drugstores, hair salons, travel retail and branded retail.
Research and innovation, and a dedicated research team of 4,000 people, are at
the core of L'Oréal's strategy, working to meet beauty aspirations all over the
world and attract one billion new consumers in the years to come. L'Oréal's new
sustainability commitment for 2020 "Sharing Beauty With All" sets out ambitious
sustainable development objectives across the Group's value chain.
www.loreal.com
About Nestlé
Nestlé is the world's leading science-based Nutrition, Health and Wellness
company. The creation of Nestlé Health Science S.A. and the Nestlé Institute of
Health Sciences reinforced this strategic direction and focus on helping
consumers lead a healthier life through nutritional solutions from food and
beverages to life-enhancing scientific products. Responding to increasing
consumer needs, Nestlé extended its activities to include the field of
specialized, medical skin treatments through the creation of Nestlé Skin Health
S.A., a global leader focused on meeting the world's increasing skin health
needs with a broad range of innovative and scientifically-proven products.
Nestlé was founded nearly 150 years ago in Vevey, Switzerland. The company
employs 333,000 people in more than 150 countries and has 465 factories. The
Group's turnover amounted to CHF 92 billion in 2013. www.nestle.com
Contacts
L'Oréal
Media: Stephanie Carson-Parker Tel : +33 1 47 56 76 71
stephanie.carsonparker(at)loreal.com
Investors: Françoise Lauvin Tel : +33 1 47 56 86 82
francoise.lauvin(at)loreal.com
Nestlé
Media: Robin Tickle Tel.: +41 21 924 22 00 mediarelations(at)nestle.com
Investors: Tel.: +41 21 924 35 09 ir(at)nestle.com
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Source: Nestlé S.A. via GlobeNewswire
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Unternehmensinformation / Kurzprofil:
Datum: 27.11.2014 - 18:00 Uhr
Sprache: Deutsch
News-ID 355826
Anzahl Zeichen: 4201
contact information:
Town:
Vevey
Kategorie:
Business News
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