Activist investors putting pressure on food companies is not new, especially not in recent years, although Nestle's stature in the industry may have raised eyebrows as US investment fund Third Point made the world's largest...
Nestle has outlined where it plans to focus its resources on trying to drive growth, including in the consumer health sector, just days after an activist investor bought a stake in the world's largest food maker and called on the business to shake up its "staid culture".
Third Point, a US hedge fund controlled by Daniel Loeb, has taken a CHF3.28bn (US$3.38bn) stake in Nestle - equivalent to about 1% of shares - and called for a strategy shake-up at the Swiss food giant.
Confectionery, particularly chocolate, is one of Nestle's flagship businesses and has often been the subject of speculation among industry watchers and the investment community. For much of the last decade, talk centred on whether Nestle would look to build its position in confectionery through the acquisition of a company like Switzerland's Lindt & Sprungli but, in recent quarters, the chatter has switched to whether the KitKat maker would look to quit the sector. Nestle's announcement yesterday (15 June) of plans to review the future of its US confectionery business has sparked a debate among analysts covering the world's largest food group. Dean Best reports.
The rate at which Nestle's organic sales rose in the first quarter of 2017 was the slowest this century but the results, issued on Thursday, were dampened by calendar effects and were a tick above analyst expectations. Dean Best reports on the key takeaways from the figures and from Nestle's discussions on the numbers with analysts.
Nestle saw weaker organic growth in the first quarter of 2017 than in the corresponding period a year earlier - but the KitKat maker's underlying sales still came in ahead…
Announcing's Nestle 2016 results today (16 February) newly-installed CEO Mark Schneider revealed growth at the Swiss food giant came in below expectations. All eyes are now on Nestle's direction under…
Nestle has indicated that it expects a jump in restructuring charges during 2017 as it booked net earnings that failed to meet analyst expectations this morning (16 February). Nestle's 2016…
Nestle appointed Ulf Mark Schneider, currently CEO of healthcare company Fresenius, as its chief executive officer last month. just-food takes a look at what could be on the executive's 'to…
Nestle's shares fell today (18 February) after the world's largest food maker missed analyst expectations on sales and trading operating profit - and disappointed with its guidance for this year.…
© Copyright Verdict Media Limited 2021
