Sector News

Nestle and L’Oreal to end Inneov joint venture in 2015

November 28, 2014
Consumer Packaged Goods
(Reuters) – 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 (41.26 million pounds).
 
(Reporting by Astrid Wendlandt, editing by Leila Abboud)
 

comments closed

Related News

May 4, 2024

Emergent Cold LatAm opens ‘Chile’s largest’ frozen food warehouse

Consumer Packaged Goods

Temperature-controlled storage and logistic solution provider, Emergent Cold LatAm, has opened ‘Chile’s largest’ frozen food warehouse. Located in Talcahuano, a region renowned for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.

May 4, 2024

Asahi Beverages buys Australian gin manufacturer Never Never

Consumer Packaged Goods

Never Never gin will be sold through Asahi’s alcohol division, Carlton & United Breweries (CUB). According to the company, the acquisition – which won’t impact daily operations – will enable Never Never’s premium gin to reach a wider customer base while enhancing support and product offerings for existing customers.

May 4, 2024

Coca-Cola Europacific Partners CFO resigns, moves to Diageo

Consumer Packaged Goods

Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year.

How can we help you?

We're easy to reach