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A weblog for Small Business Consultants and the distributors who serve them. In 1974, fearing that France would nationalise the corporate, Bettencourt did a cope with Nestle whereby she offloaded about half her holding in exchange for shares in Nestle. Since then Nestle and Bettencourt have had one of many longest tangos in business historical past. Nestle, a food firm, with no presence in any respect in cosmetics, had a 30{65705f2b290a2dc16dbfaad642ccdf62c35ff371a9575d5f7766326c54da72cd} stake on this planet’s largest cosmetics firm (now all the way down to 23{65705f2b290a2dc16dbfaad642ccdf62c35ff371a9575d5f7766326c54da72cd}). But in an agreement with Bettencourt, Nestle remained a sleeping partner and promised not to acquire any extra shares or to bid for Bettencourt’s own shares as long as she was alive. Presumably Nestle had thought that she wouldn’t live so lengthy. But they stored their phrase and until now have not interfered in any respect in the business simply pocketing the dividends and biding … Read More