SWX:NESNFood
Nestlé Reshapes Portfolio As Ice Cream And Waters Sales Loom
Nestlé (SWX:NESN) is in advanced talks to sell its ice cream business as part of a CEO led turnaround plan.
The company has also begun a sale process for its waters and drinks division, pointing to a potential exit from sizeable parts of its portfolio.
These moves follow pressure on profits linked to baby formula recalls and increasing demands from shareholders for change.
Nestlé is one of the largest global consumer packaged food companies, with brands across coffee, pet care,...