The food giant plans to sell its remaining ice-cream operations as it slims down its structure to focus on four main ...

CEO Philipp Navratil called the segment "a distraction" as the company looks to slim down its portfolio and focus on its biggest brand opportunities.

The Swiss giant said it has no plan to exit the Froneri ice-cream partnership set up with PAI Partners in 2016.

Moby THE GIST. Nestlé has decided it does not want to be the world’s biggest everything anymore. Under new CEO Philipp ...

Since his appointment, Navratil has announced 16,000 job cuts over the next 18 months. As well as the planned ice cream exit, ...

Nestlé is moving to streamline its sprawling portfolio, announcing plans to sell its remaining ice-cream business and ...

Nestlé calls its ice cream arm a distraction, opting to transfer global operations to Froneri. The move mirrors Unilever’s strategy as major CPGs streamline portfolios.

Nestlé is negotiating to sell off the remainder of its ice cream business to a company it partnered with ten years ago, but ...

Nestle shares rose 3% Thursday after the maker of Nescafé and KitKat reported organic sales growth for the fourth quarter that beat analyst forecasts.

Nestlé SA is considering further reducing its footprint in the ice cream business, as new Chief Executive Officer Philipp ...

Bhd (Nestle Malaysia) has initiated a process to explore the potential sale of its ice cream business to Froneri after its ultimate ...

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