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A blog for Small Business Consultants and the vendors who serve them. In 1974, fearing that France would nationalise the company, Bettencourt did a deal with Nestle wherein she offloaded about half her holding in trade for shares in Nestle. Since then Nestle and Bettencourt have had one of many longest tangos in business historical past. Nestle, a meals firm, with no presence in any respect in cosmetics, had a 30{65705f2b290a2dc16dbfaad642ccdf62c35ff371a9575d5f7766326c54da72cd} stake on the planet’s largest cosmetics firm (now right down to 23{65705f2b290a2dc16dbfaad642ccdf62c35ff371a9575d5f7766326c54da72cd}). But in an agreement with Bettencourt, Nestle remained a sleeping accomplice and promised to not purchase any more shares or to bid for Bettencourt’s personal shares as long as she was alive. Presumably Nestle had thought that she wouldn’t stay so lengthy. However they saved their word and until now haven’t interfered at all within the business just pocketing the dividends and biding their time. A lot … Read More

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Earlier than the web (and up until mid-Nineties), distribution of images to consumers was … Read More