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It argued that Nestle should sell its 23 percent stake in French cosmetics firm L'Oreal.
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A 23 percent stake in French cosmetics group L'Oreal should be sold or handed back to investors.
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French cosmetics maker L'Oreal OREP.PA had said this week it suffered a slowdown, mainly in Asia and Southern Europe.
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But his comments triggered talk Nestle could even shed its 28 percent stake in French cosmetics group L'Oreal OREP.PA.
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Her most recent collaboration is with the French cosmetics house Clarins, a brand she says has an impressive provenance.
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On Third Point's wish list is a sale of the 23 percent stake Nestle owns in French cosmetics company L'Oreal.
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The French cosmetics firm L'Oreal is developing its presence in Africa, as consumer spending on cosmetics rises across the continent.
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L'OREAL The French cosmetics maker said it had purchased baby products company Cadum to reach more customers in its domestic market.
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French cosmetics maker L'Oreal reported second-quarter sales below market expectations, hit by a slowdown in trading in North America and eastern Europe.
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The French cosmetics company offered Bergdorf a seat on a newly formed UK diversity and inclusion advisory board, a role she accepted.
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L'OREAL French cosmetics maker L'Oreal reported second-quarter sales below market expectations, hit by a slowdown in trading in North America and eastern Europe.
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A customer walks past a cosmetics display of French cosmetics group L'Oreal in Nice, France, April 6, 2016.
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The French cosmetics firm pledged to improve its results this year after first-quarter sales beat forecasts and marked a clear return to growth.
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French cosmetics and beauty products maker L'Occitane International S.A. sank 3.3 percent after posting weaker-than-expected results on Tuesday.
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The French cosmetics giant was forced into making its interest public after a sharp rise in the Body Shop share price on Wednesday.
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The Nespresso owner said it won't increase its 23 per cent investment in the French cosmetics maker and wants to keep all other options open.
