Nestlé S.A. and L'Oréal S.A. announced that they have signed an agreement to form a joint venture: "Laboratoires INNEOV". The aim of the joint venture is to develop a global market for nutritional supplements for cosmetic purposes. The plan is to base the new company in France. Both parent companies will each own 50 percent of the joint venture.
These nutritional supplements, resulting from research, are intended to improve the quality of skin, hair and nails by supplying nutrients essential to their physiology.
These nutritional supplements, resulting from research, are intended to improve the quality of skin, hair and nails by supplying nutrients essential to their physiology.
The conclusion of this agreement is subject to regulatory approval.