Nestle SA is supersizing its Nespresso machine to appeal to Americans who prefer a big mug of Joe to a dainty shot to try and win more customers in a market where it’s dwarfed by Green Mountain Coffee Roasters Inc.
Nestle SA paid $3.6 billion yesterday to take full control of Galderma, the dermatology business that revives skin. Nestle Chief Executive Officer Paul Bulcke will need to do the same at the unit to spur growth.
Reckitt Benckiser Group Plc said it will start a strategic review of its pharmaceutical unit, pointing to the possible sale of a business that analysts say could fetch at least 1.5 billion pounds ($2.4 billion).
L’Oreal SA, the world’s largest cosmetics maker, rose the most in three years in Paris trading as the company kept open the option of buying back the 29 percent stake held by Nestle SA and profitability improved.
Reckitt Benckiser Group Plc made a surprise $1.4 billion counterbid for Schiff Nutrition International Inc., topping an agreed offer from Bayer AG for the maker of vitamins, supplements and nutrition bars.