To Press Releases listSydney, Australia,Feb 12, 2014
Nestlé has announced it will extend its activities to include the field of specialised medical skin treatments through the creation of Nestlé Skin Health S.A.
The new wholly-owned subsidiary will offer a broad range of innovative and scientifically-proven products, responding to consumer needs and building on our strengths as a science-based nutrition, health and wellness company.
The foundation for Nestlé Skin Health S.A, will be Galderma, the joint venture owned by Nestlé and the French company L’Oréal.
L’Oréal’s 50% stake in Galderma will be transferred to Nestlé as part of a transaction in which Nestlé sells part of its shareholding in L’Oreal. The transaction is subject to customary conditions and approvals.
- Press releases
Nestlé Skin Health S.A.
English (pdf, 108 Kb) | Français (pdf, 111 Kb) | Deutsch (pdf, 112 Kb)
Strategic Transaction Approved by Boards of Nestlé and L’Oréal
English (pdf, 58 Kb) | Français (pdf, 61 Kb)
- 08:00 CET Press Conference webcast
Peter Brabeck-Letmathe, Nestlé Chairman, Paul Bulcke, Nestlé Chief Executive Officer, Jean-Paul Agon, Chairman and Chief Executive Officer of L'Oréal and Christian Mulliez, Executive Vice-President Administration and Finance of L'Oréal took part in a joint press conference at the L'Oréal headquarters in Clichy, France.