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.