Hints and tips:
...The DD team certainly know their Bollorés from their Bettencourts....
...Departures Liliane Bettencourt, L'Oréal heiress, David Rockefeller; Bhumibol Adulyadej of Thailand, Helmut Kohl, Simone Veil, Zbigniew Brzezinski, Martin McGuinness, Manuel Noriega....
...But Andrew Wood, an analyst at Bernstein, says Nestlé missed important consumer trends....
...In the case of the Zaouis, these include the Bettencourt family, which controls French cosmetics group L’Oréal, and Sir Andrew Witty, boss of GSK, the UK’s largest pharmaceuticals group....
...asked Andrew Wood at Bernstein Research. “There does not seem to be much out there for L’Oréal to buy.”...
...Andrew Wood, analyst at Bernstein Research, said the Galderma acquisition revealed Nestlé’s shift in its business model....
...For years, the Swiss food group has been a major shareholder in the French cosmetic manufacturer along with France’s Bettencourt family, which owns a 30.5 per cent stake....
...Andrew Wood, analyst at Bernstein Research, noted that recent results from some of the cosmetic group’s peers have highlighted that the “eastern Europe issues are largely L’Oréal specific”....
...The woman from L’Oréal Madoff refers to is Liliane Bettencourt, one of Europe’s richest women....
...valuation is being limited by a concern from investors that a bid for L’Oréal is potentially forthcoming while L’Oréal’s valuation is being buoyed by a belief…that Nestlé might make a bid for L’Oréal,” said Andrew...
...Mrs Bettencourt also owns about 30 per cent of L’Oréal....
...When the sons, Andrew and Mark, compared notes they decided to confront their father....
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