VENTURE CAPITAL POST

LVMH Moet Hennessy Louis Vuitton, a French luxury fashion conglomerate was reported to have hired a new chief digital officer from Apple, reported by The Wall Street Journal.

Japan hair and cosmetics company Shiseido on Thursday said it had been discussing with L'Oreal about the latter's acquisition of the Decleor and Carita skincare brands for EUR230 million or USD314.3 million.

Analysts said Sanofi could buy back its L'Oreal shares with cheap debt to boost earnings.

Nestle SA said that it would keep all possible options open as it considers the sale of its 29.4% stake in L'Oreal SA.

One scenario is the divestment of the L'Oreal shares but Nestle may pull a surprise at the last minute.

French cosmetic firm L'Oreal said it could afford to buy back the EUR 23 billion stake that Nestle holds in the firm.

L'Oreal CEO Jean-Paul Agon said that the company would be ready to buy Nestle's stake in the company which was valued at EUR22 billion.

L'Oreal's planned expansion into China's beauty markets had been burdened with complications as the country mandates animal testing for every new product introduced to Chinese consumers.

L'Oreal puts in an offer to buy Magic Holdings Ltd for US$840 million.