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Nestlé To Focus More On High-Growth Businesses, Less On Packaged Foods

June 28, 2017: 12:00 AM EST
Nestlé SA this week sketched out a strategic future that seems to veer away from packaged foods. After investor Daniel Loeb, who has a 1.25 percent stake in the company, asked for some big changes, Nestlé said it would spend more on its high-growth businesses, including bottled water, coffee, infant nutrition and pet care, and would consider consumer healthcare acquisitions. Industry analyst Jean-Philippe Bertschy predicted that Nestlé would divest its frozen foods, ice cream and pizza businesses over the next three to four years. [Image Credit: © Nestlé SA]
Brian Blackstone, "Is Food Giant Nestlé Turning Away From Food?", The Wall Street Journal, June 28, 2017, © Dow Jones & Company, Inc.
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