Nestle SA and L’Oreal SA began a partnership in 1974 out of fear France’s government might nationalize the cosmetics company. Forty years later, L’Oreal is slowly unraveling itself from the grip of its Swiss partner.
Nestle SA is exploring ways to reduce its $30 billion stake in L’Oreal SA and has signaled its intentions to the management of the world’s largest cosmetics maker, people with knowledge of the matter said.
Helena Rubinstein, the cosmetics entrepreneur, was “the world’s first self-made female tycoon.” Eugene Schueller, the founder of the French hair-color company L’Oreal , thought women had no business in the workplace. In 1988, after their deaths, his firm acquired hers.
With the world’s balance of economic power shifting, we’re often asked to recommend books that put the upheaval in context. Here’s a list of our 10 favorite titles on markets and economics so far this year.
Google Inc. grills “zombie hordes” of job applicants with fiendish puzzles and China spurns “suicidal” economic shock therapy in two of our favorite business books of late. Here’s a list of recommended titles.
Paul Allen recalls the energy and backstabbing that accompanied the founding of Microsoft Corp., while William D. Cohan parses the history of Goldman Sachs Group Inc. in two of our favorite business books so far this year. Here’s a list of recommended titles.