Toggle Navigation
①Professional design team at your service.
②Quality guaranteed customer oriented.
③Export specialist: not to waste your time and effort
④Convenient and safe payment terms.
⑤Favourable Price for you.
⑥We are a TrustPass member alibaba
⑦We are SGS Certificated attested by SGS SA
⑧We are the factory with SEDEX audited.
⑧Once you generously offer us a first chance to do business with you,we will become your reliable partners forever.
Tel：+86 755 29023436
Fax：+86 755-29023395
Website：http://www.jafonbeauty.com
Email：sales@jafonbeauty.com
Address:7F, Building F, Bafangzhigu industrial, #10 Huanguannan, Junzibu, Guanlan Town ShenZhen China
Swiss food and beverage giant Nestlé has sold its 10% stake in flavours and fragrances firm Givaudan,The Wall Street Journalreports. The stake, which has been valued at almost US$1.3bn, was sold through a private placement to institutional investors rather than on the open market.
Nestlé first acquired the stake when it sold food ingredient company FIS to Givaudan in 2002. It is said to be one of Givaudans biggest clients for food flavourings.
The sale is said to be in line with Nestlés attempts to streamline its business, and follows the sale of its Jenny Craig business in November to US private equity company North Castle Partners. According toThe Wall Street Journal, CEO Paul Bulcke recently stated that the company intends to fix or sell a "sizable percentage" of its underperforming brands and businesses.
Meanwhile, speculation continues that the company could sell its 29.8% stake in French cosmetics company LOréal after the deal between the two firms expires in April 2014.