L'Oreal CEO on Nestle deal: 'This is business fiction'
August 30, 2013 at 02:01 AM EDT
L'Oreal's rumored buyback of Nestle's 29.5 percent stake in the French cosmetics giant looked far from a done deal on Friday, with Jean-Paul Agon, chairman and CEO of L'Oreal, telling CNBC that the ball was in the Swiss food giant's court.
