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Eat the rich (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 1 year ago (1 children)

I dont think that is true any longer. They had stock at one point in Loreal but it doesn't seem to be the current case when I tried researching it recently. A LOT of luxury salon hair brands are in the loreal umbrella like redken, biolage, and of course loreal.

Yeah and people act like nestle is just gross junk food. Coffee mate, Starbucks (packaged stuff sold in stores)

That said it was pretty easy for me to quit I only really had to replace a few things myself. Loreal would be way harder

[–] [email protected] 1 points 1 year ago

Nestle (as of last year’s financial returns) owns 20% of L’Oreal (L’Oreal details on last share sale, Nestle statement of its relationship with L'Oreal). They reduced their holdings a couple of years ago (down from 23%) but at 20% they’re still one of the more significant L’Oreal shareholders (though not the largest at L’Oreal).