Nestlé splashes $1.4bn to revamp skincare business
Wednesday 28 May 2014
Nestlé has bought the US and Canadian rights to lotions and potions used in “specialised medical skin treatments” from Valeant Pharmaceuticals in a $1.4 billion deal.
Under the agreement with Valeant, Nestlé gains the rights to Perlane, Emervel, Dysport and Sculptra products. It already has the use of these brands outside of the US and Canada.
This deal in the fast-growing anti-aging market is the latest in Nestlé’s wider expansion into healthcare.
In March the company agreed to take over Galderma, its dermatology joint venture with L’Oreal. It created a division called Nestlé Skin Health which will include the Galderma operation and its Bübchen infant skincare business.
Nestlé chairman Peter Brabeck-Letmathe, said: “With this deal we have acquired key, strategic assets to extend Nestlé’s activities in the field of specialised, medical skin treatments, providing consumers with life-enhancing scientific products.”
- 1 Which country would be hardest to invade?
- 2 The man who filmed the Freddie Gray video has been arrested at gunpoint
- 3 Indonesia executions: Death row British grandmother Lindsay Sandiford will refuse to wear a blindfold when she faces firing squad
- 4 How the language you speak changes your view of the world
- 5 Royal baby girl born: Duchess of Cambridge's second child will be a princess thanks to Queen
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: SNP and its activists 'openly racist' towards the English, Farage says
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
iJobs Money & Business
£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...
£24000 - £28000 per annum: Recruitment Genius: A Senior SEO Executive is requi...
£16000 - £18000 per annum: Recruitment Genius: An Online customer Service Admi...
£18000 - £22000 per annum: Recruitment Genius: This global, industry leading, ...