Nestle Plans $10 Billion Skincare Business Sale to EQT Partners

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.

What was the reason behind Nestle's decision to sell its skin care business?

How much did Nestle sell its skin care business for?

What were some of the concerns raised about Nestle's involvement in the skin care business?

What potential uses does Nestle have for the cash influx from the sale?

What does the interest from private equity firms in different pieces of the skin care business indicate?