NEW YORK: As new Nestle SA chief executive officer Mark Schneider prepares to lay out his strategic vision for the Swiss food giant, his plans will be overshadowed by a changing of the guard at another European consumer-goods giant – L’Oreal SA of France.
Nestle owns 23% of the French cosmetics maker, and the death of heiress Liliane Bettencourt raises questions about the future of the investment.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!