A consortium of renowned institutional investors has acquired Nestlé Skin Health, rebranding the entire unit Galderma and refocusing it as a pure play dermatology business.
Nestlé Skin Health will open a global network of 10 innovation hubs focused on developing solutions and techniques that will promote healthy skin through medical investigation, education and application of skin health technologies.
Swiss food giant Nestlé has extended its investment in skin care by buying the rights to several of Valeant Pharmaceuticals dermatology products for $1.4 billion (€1027).
Food giant Nestlé has something of a sweet tooth for skin care it appears, having acquired full ownership of the Galderma brand from L’Oréal and announces its skin health focus.