date:Sep 21, 2018
move raises questions about the future of its ties with the worlds biggest cosmetics firm, LOreal.
In February, LOreal declared its readiness to buy Nestles 23 percent stake in the firm were it to sell, saying it had access to cash and funding at its disposal.
LOreal said it could finance a purchase of the holding, worth approximately US$27.4 billion, with cash, by selling its stake in French drugmaker group Sanofi or through borrowing if needed, Reuters reported at the time.
Although Nestl