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Mission: To help businesses expand or relocate to more optimum, business-friendly, lower-price locations. In 1974, fearing that France would nationalise the company, Bettencourt did a deal with Nestle wherein she offloaded about half her holding in exchange for shares in Nestle. Since then Nestle and Bettencourt have had one of the 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}). However in an agreement with Bettencourt, Nestle remained a sleeping accomplice and promised to not acquire any more shares or to bid for Bettencourt’s own shares as long as she was alive. Presumably Nestle had thought that she would not reside so lengthy. However they saved their phrase and till now have not interfered at all within the business just pocketing the dividends and biding their … 
