Nestlé Commits to Skin Care with New Subsidiary
Nestlé recently announced plans to create its first full subsidiary in skin care, Nestlé Skin Health. The subsidiary joins Nestlé’s nutrition and health division, which reported the fastest growth among all divisions in the company. Ildiko Szalai, Foods analyst at Euromonitor, says this is good news for Nestlé, which recently sold an 8 percent stake in L’Oreal to create the skin care subsidy.
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