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Nestle's Stake in L'Oreal is a Financial Investment, Nestle CEO Says

Nestle views its stake in L'Oreal as a financial investment, and while it is regularly reviewed, there is nothing new to report on the matter, Nestle CEO Philipp Navratil was quoted as saying on Tuesday.

"This stake is a financial investment for us," Navratil told Swiss newspaper Finanz und Wirtschaft in an interview, when asked about the stake. "We review it time and again with the board of directors, but there's nothing new to say."

Navratil, who took the helm in September after a period of unusual turmoil at the company, said Nestle intended to reach its goal of 4% organic growth as fast as possible.

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