Sorry, but this goes back to Vanguard/BlackRock every single time. Garnier is owned by L'Oreal, and a significant portion of L'Oreal is owned by Nestle. Nestle's biggest investor is Vanguard/BlackRock. This is why seemingly every company in the West is doing this, because there are no companies anymore. There are only these mysterious "investors."
Sorry, but this goes back to Vanguard/BlackRock every single time. Garnier is owned by L'Oreal, and a significant portion of L'Oreal is owned by Nestle. Nestle's biggest investor is Vanguard/BlackRock. This is why seemingly every company in the West is doing this, because there are no companies anymore. There are only these mysterious "investors."