Blog: Nestle mulls future of another unit
Dean Best | 14 November 2014
Davigel, Nestle's France-based foodservice division, could be the next business sold as the world's largest food maker reshapes its portfolio.
The Swiss food giant, which has sold a clutch of assets in recent months, said today it is "exploring strategic options for the development of Davigel".
In a short statement, Nestle said that exploration "mainly involves identifying a partner to help Davigel in its next stage of growth while safeguarding the best interests of employees, customers and shareholders".
A sale is by no means certain - but appears likely.
Nestle has been steadily trimming parts of its portfolio in recent months. CEO Paul Bulcke has said the company has been "looking at our product and brand portfolio and analysing it through a sharper, stricter lens".
In February, Nestle announced the sale of its PowerBar unit to Post Holdings and late last year, the group completed the sale of its Jenny Craig weight management assets in North America and Oceania.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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