Nestlé and L’Oréal to End Innéov Joint Venture
Nestlé and L’Oréal are ceasing the activities of their joint venture Innéov during the course of the first quarter of 2015. Created in 2002, Innéov offers cosmetic nutritional supplements sold in pharmacies. The brand has not met the development expected by both partners. In 2013, Innéov achieved a turnover of Eur52 million.
Both partners will keep the benefits of the research and intellectual property as well as the developments achieved which could be potentially used in their respective fields.
L’Oréal and Nestlé are committed to review all employment opportunities within their groups for all employees of Innéov. This project is being submitted for information/consultation to employee representatives according to the regulations of each country concerned.
