Nestlé owns 30% of the world's largest cosmetics and beauty company L'Oréal and its brands including Garnier, Maybelline, and Lancôme as well as The Body Shop stores.
Nestlé owned 100% of Alcon. In 2008 Nestlé sold 24.8% of Alcon shares to the Swiss pharmaceutical giant Novartis. In 2010 Nestlé sold another 52% of Alcon to Novartis. Novartis paid a total of 39.1 bn US$.
This is a selected list of the former brands formerly owned, discontinued, or sold to another company by Nestlé. Overall, Nestlé has discontinued, sold, or changed the name of many of its brands. Former brands are categorized by their targeted markets.
1 Currently manufactured by General Mills in the United States. Produced by Cereal Partners under the Nestlé brand elsewhere. 2 Brand owned by General Mills; US and Canadian production rights controlled by Nestlé under license. 3 US production rights owned by The Hershey Company. 4 Canadian production rights owned by The Hershey Company. 5 US rights and production owned by Smarties Candy Company, with a different product. 6 US rights and specific trade dress owned by Nestlé; rights elsewhere owned by Associated British Foods. 7 Produced by Cereal Partners, branded as Nestlé. 8 Produced by Cereal Partners, and Branded Nestlé in The United Kingdom, and Ireland. Produced by Post Foods, elsewhere.