this post was submitted on 12 Jul 2023
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Nestle (as of last year’s financial returns) owns 20% of L’Oreal (L’Oreal details on last share sale, Nestle statement of its relationship with L'Oreal). They reduced their holdings a couple of years ago (down from 23%) but at 20% they’re still one of the more significant L’Oreal shareholders (though not the largest at L’Oreal).