L’Oréal and Nestlé announced they will end their joint venture Innéov during the course of the first quarter 2015.
Created in 2002, Innéov offers cosmetic nutritional supplements sold in pharmacies. The brand has not met the development expected by both partners, the companies said in a press release. In 2013, Innéov achieved a turnover of €52 million.
Both partners will keep the benefits of the research and intellectual property as well as the developments achieved which could be potentially used in their respective fields.
L’Oréal and Nestlé are committed to review all employment opportunities within their Groups for all employees of Innéov, their statement said.
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