By
Reuters
Reuters
Published
Nov 27, 2014
Nov 27, 2014
Nestle and L'Oreal to end Inneov joint venture in 2015
By
Reuters
Reuters
Published
Nov 27, 2014
Nov 27, 2014
PARIS, France - French cosmetics giant L'Oreal and food group Nestle on Thursday announced their intention to end their nutritional supplement joint venture Inneov as of the first quarter of next year.
Inneov, created in 2002, "has not met the development expected by both partners," the groups said in a statement. In 2013, Inneov generated sales of 52 million euros ($64.86 million).
$1 = 0.8017 euros
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