Buy custom Loreal - Global Makeover
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Topic: |
Business
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Number of pages / Number of words: |
14 / 3712 |
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In a complex deal, the Swiss food-products company, Nestle, took a 49% stake in the company Gesparal, the other 51% being owned by Bettencourt, Gesparal in turn acquired just over half of LâOrealâs stock. In an agreement between Nestle and Lilaine Bettencourt, the companyâs share structure will not change in her lifetime, but after her death Nestle might consider a takeover...
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He started at the bottom, working for LâOreal in the late 60âs as a salesman. He did well and was marked for rapid promotion. From 1978-81 he ran LâOrealâs Italian business. From 1981-84 he headed the U.S. subsidiary. In 1988 Owen Jones was named chairmen of LâOreal, making him the only foreigner to head a major French company...
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