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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 L’Oreal’s stock. In an agreement between Nestle and Lilaine Bettencourt, the company’s 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 L’Oreal in the late 60’s as a salesman. He did well and was marked for rapid promotion. From 1978-81 he ran L’Oreal’s Italian business. From 1981-84 he headed the U.S. subsidiary. In 1988 Owen Jones was named chairmen of L’Oreal, making him the only foreigner to head a major French company...
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