Activist shareholder Third Point has applied increasing pressure to provide better returns of investment to shareholders. On Friday, Swiss food group Nestle stated that it plans on cutting 400 jobs in France in support services and HQ functions. The cost… Read More ›
The move underscores Nestle’s desire to reshape its business to new consumer trends and healthcare as it finds ways to boost returns of investment to shareholders. On Monday, Nestle disclosed it has sold two of its tea brands in North… Read More ›
Being Nestle third joint venture, this new factory has the potential to double Nestle current turnover of $135 million in the near term. In a significant development, Nestle laid the foundation stone for a $55 million coffee and biscuits factory… Read More ›
Heiko Schipper, 48, is set to join Bayer from March 2018. He will be replacing Erica Mann. Schipper will have to stem the flow of losses from Bayer’s non-prescription drugs business and manage the growing preference by consumers to shop… Read More ›
Here are the key steps Nestle will be taking to boost the performance of its infant nutrition business. On Wednesday, Nestle, the world’s largest packaged food manufacturer, stated it would reorganize its infant nutrition business to boost its performance. In… Read More ›
By sharing his views publicly with Nestle, Daniel Loeb is hoping to pressure the company into improving its performance in comparison with its peers. As per a source familiar with the matter at hand, Daniel Loeb, an activist investor, is… Read More ›
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