Nestlé Explores Options for Skin Health Division

PARIS — With a view of sharpening its focus on food, beverage and nutritional health products, Nestlé said Thursday that it will explore strategic options for the Nestlé Skin Health division. The news reignites speculation over the Swiss conglomerate’s stake in L’Oréal. “After further analysis and consideration, the board has come to the conclusion that the future growth opportunities of Nestlé Skin Health lie increasingly outside the group’s strategic scope,” Nestlé said. “The review is expected to be completed by mid-2019.” Earlier this year, the board of directors of the Vevey, Switzerland-based maker of Kit Kat, Alpo and Gerber baby products, as part of its regular strategy review, assessed Nestlé’s nutrition, health and wellness strategy. “By enhancing the group’s focus, the board expects to deepen resource commitment to its key growth initiatives and facilitate the implementation of its accelerated long-term value creation strategy,” said the company. Lausanne, Switzerland-based Nestlé Skin Health includes a portfolio of medical and consumer brands. In the Consumer Care division there’s Cetaphil and Proactiv. The Prescription division counts Epiduo and Soolantra, while the Aesthetics division comprises the Restylane and Azzalure brands. Nestlé Skin Health, which employs more than 5,000 people in 40 countries, in 2017 generated revenues of about 2.7 billion Swiss

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