Nestle to cut $2.8 billion of costs by 2027, boost marketing under CEO Freixe
Nestle will boost advertising and marketing, trim costs by at least $2.8 billion by 2027 and carve out its water and premium drinks businesses into a standalone global unit as it looks to drive growth under its new chief,
Nestlé to cut $2.8B in costs, separate water into standalone business
CEO Laurent Freixe also told investors and analysts the packaged goods giant plans to fix, rather than sell, the majority of its underperforming businesses.
Nestle's Bold Move: CEO Laurent Freixe Targets $2.8Bn Cost Cuts, Marketing Boost, and Restructuring Premium Beverages
Nestle is set to increase marketing and advertising, cut costs by at least $2.8 billion by 2027 and cut back its premium drinks and water businesses into a separate global unit as it looks to boost growth under its new chief,
Nestle CEO to Separate Water Brands Into Standalone Business
Nestle SA plans to separate its bottled water brands into a standalone business as new Chief Executive Officer Laurent Freixe seeks to bolster growth at the world’s largest food company.
Nestle to cut more costs, step up marketing under CEO Freixe
Nestle will step up advertising and marketing, cut costs, split its water and premium drinks business out of the rest of the company, and make other changes to drive growth under new CEO Laurent Freixe,
Nestle ramps up cost-cutting by another £2.2bn in overhaul
Recently-appointed boss Laurent Freixe is aiming to make savings to channel spending into advertising and marketing as part of a turnaround plan.
Nestlé plans to double down on ‘billionaire brands’ in major overhaul, cutting $2.8 billion in costs
Nestlé is home to 31 brands that are "billionaires" in their own right. Still, it's slipped behind competitors—new CEO ...
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Laurent Freixe
and spin off its premium water and drink business as part of a turnaround being led by its new boss. Recently-appointed chief ...
Nestle to Step Up Spending in Push to Boost Sales Growth
The food giant tempered its profit expectations for next year and for sales growth over the medium term, as it steps up ...
Nestle Won't Launch Further Buyback After Strategic Shift to Growth
This comes after Nestle launched a growth-focused strategy under Chief Executive Laurent Freixe's plan to revive sales growth at the Swiss food giant. Freixe now seeks to step up investment in ...
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Nestlé to spin off water business in attempt to fuel growth
At the capital markets day event today, Nestlé CEO Laurent Freixe, who took the helm in September, described an overall ...
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Stocks diverge on fears of Ukraine-Russia escalation
Stock markets fell in Europe and were mixed on Wall Street as fears of escalation of Russia's war against Ukraine prompted ...
Nestle to Cut Costs by $2.8 Billion, Boost Marketing Under CEO Freixe
VEVEY, Switzerland (Reuters) -Nestle will boost advertising and marketing, trim costs by at least $2.8 billion by 2027 and ...
RTE Online11h
Nestle to cut costs, boost marketing under new CEO Freixe
Nestle will boost advertising and marketing, trim costs, carve out its water and premium drinks businesses into a standalone ...
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European stocks slide on fears of Russia-Ukraine escalation
European stock markets slid Tuesday on fears of escalation in the Russia-Ukraine war after President Vladimir Putin broadened ...