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L’Oréal/Nestle JV

This article was originally published in The Rose Sheet

Executive Summary

European Commission grants regulatory clearance to L'Oréal and Nestle joint venture to market beauty-oriented supplements under a new business called Laboratoires Inneov July 29. Venture "will have no competitive impact given the current absence of activity of the parties in this particular area" and strong presence of competitors in the pharmaceutical industry, commission says. Supplements are expected to be introduced in 2003 in Europe (1"The Rose Sheet" July 2, 2002, p. 7)...

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