Nestle Reports Better-than-Expected Q4 Sales Growth

Nestle in talks to sell ice cream arm as formula recall squeezes profits

Nestle reported a 75 million Swiss franc (£71.9 million) impact to the underlying profits due to the hit by baby formula recalls on its sales.

Nestle reports better-than-expected Q4 sales growth

Nestle has reported better than expected fourth-quarter sales growth and said it was sharpening its focus to four businesses led by its strongest brands, a drive that includes plans to sell off its remaining ice cream business.

Nestle weighs limiting presence in ice cream business, Bloomberg News reports

Nestle is exploring options for a smaller presence in the ice cream sector. This includes potentially reducing its stake in Froneri, a joint venture. Nestle might also sell some of its wholly-owned ice cream operations to Froneri. Froneri, a major ice cream maker, secured investment in October. PAI Partners could increase its stake, or another investor might buy Nestle's share.

Nestlé Weighs Reducing Exposure to Ice Cream, Revamps Board

(Bloomberg) -- Nestlé SA is considering further reducing its footprint in the ice cream business, as new Chief Executive Officer Philipp Navratil reviews the company’s sprawling operations, people with knowledge of the matter said.

Nestle Reevaluates Its Stake in Froneri Ice Cream Venture

Nestle Reevaluates Its Stake in Froneri Ice Cream Venture Nestle is reassessing its involvement in the ice cream industry, considering a diminished stake in the Froneri joint venture, as Bloomberg News disclosed recently.The Swiss conglomerate is exploring the sale of some of its wholly-owned ice cream assets to Froneri, a company nurtured with investments from PAI Partners, Goldman Sachs, and ADIA, now valued at 15 billion euros.While current d…

Nestle Weighs Scaling Back Ice Cream Unit As Investors Seek Turnaround Plan From CEO

Nestle Weighs Scaling Back Ice Cream Unit As Investors Seek Turnaround Plan From CEO Update (1405ET) Nestlé SA reports full-year results on Thursday. Ahead of the release and investor call, CEO Philipp Navratil is expected to outline a turnaround plan, while a new report says the Swiss foodmaker is considering a smaller footprint in its ice cream business. People familiar with the discussions told Bloomberg: The Swiss food giant has been studyi…