UK: Nestle - cold feet in UK ice cream - COMMENT (Members)
Nestle is planning to sell its UK ice cream business to private label firm Richmond Foods. The Swiss giant feels that Unilever's dominance of the UK market is just too strong to be worth competing against. It will sell the business, and license its brands, probably to Richmond. But while it looks sensible for Nestle to cut its losses and focus on high margin operations, it's far from clear that Richmond will do any better.
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