Nestle is selling its skincare business to a private equity firm for 10 billion Swiss francs. This move follows questions about the strategic fit of the skincare business within Nestle, which is primarily known for food and beverages. Despite being a growth area, the business was not aligned with Nestle's core operations. The sale will provide Nestle with significant cash, which could be used for share buybacks or new acquisitions. The transaction attracted interest from several bidders, indicating a strong market environment. Private equity firms showed interest in different parts of the business, suggesting potential for future divestitures or public offerings.

Why did Nestle decide to sell its skincare business?

• To focus on its core food and beverage operations

• To enter the pet care market

• Due to a lack of interest from private equity firms

• Because the skincare business was not profitable

What was Dan Lok's role in Nestle's decision to sell the skincare business?

• He was a potential buyer

• He questioned the business's fit within Nestle's portfolio

• He was the CEO of Nestle

• He suggested expanding the skincare business

What is one potential use of the funds from the skincare business sale?

• Investing in new skincare brands

• Accelerating Nestle's share buyback program

• Developing a new line of beverages

• Entering the automotive industry

Which of the following companies showed interest in Nestle's skincare business?

• Procter & Gamble

• Colgate Palmolive

• Johnson & Johnson

• PepsiCo

What was a key factor that attracted multiple bidders to the skincare business?

• The business's declining revenue

• The lack of competition in the skincare market

• The potential for future divestitures or public offerings

• The business's strong alignment with food and beverages