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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 Laurent Freixe wants to fix that.

Food Dive · 1h

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.

Invezz · 5h

Nestle’s big gamble: will cost-cutting & marketing be enough?

Nestle, the world's largest food company, is embarking on a transformative journey under its new CEO, Laurent Freixe.

Reuters on MSN · 8h

Nestle to cut costs by $2.8 billion, 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,

The Irish News on MSN · 10h

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.

7hon MSN

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 ...

Nestle plays down RFK Jr's anti-packaged food rhetoric

Nestle on Tuesday sought to play down any differences with Robert F. Kennedy Jr., who has been critical of packaged foods, ...

Bloomberg L.P.4h

Nestle Will Lift Coffee Prices, Shrink Bags as Beans Get Pricier

The world’s biggest coffee maker, Nestle SA, will continue raising prices and make packs smaller to limit the impact of ...

18m

UBS Remains a Hold on Nestlé SA (NSRGF)

UBS analyst Guillaume Delmas maintained a Hold rating on Nestlé SA (NSRGF – Research Report) today and set a price target of CHF83.00. The ...

2hon MSN

Nestle open to partnerships for water business -exec

San Pellegrino and Perrier owner Nestle will spend the coming months carving out its 3.3 billion-Swiss-franc water business ...

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 ...

19m

Analysts’ Opinions Are Mixed on These Consumer Goods Stocks: Nestlé SA (OtherNSRGF) and Walmart (WMT)

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Nestlé SA (NSRGF – Research Report) and Walmart (WMT – ...

The Financial Times10h

Nestlé serves up a bland vision for consumer conglomerates

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For the average consumer goods giant, life is sadly lacking in spice. The pandemic-era bubble has dissipated, ...

Baking Business3h

Nestle to expand South Carolina frozen food plant

COLUMBIA, SC. — Nestle USA is investing $150 million to expand its frozen food facility in Gaffney, SC. The expansion will ...

14h

Nestle India Share Price Live Updates: Nestle India ends trading day at Rs 2213.2

Welcome to the Nestle India Stock Liveblog, your ultimate source for real-time updates and analysis of one of the most ...

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