Nestle was this week reportedly said to be eyeing a possible takeover bid for US natural and organic products group Hain Celestial - but would it be a shrewd move for the world's largest food maker? Andy Coyne reports.
Hain Celestial has grown rapidly to become one of the largest companies in perhaps the most attractive segments of the US food sector. However, there appears to have been a recognition that broadening the experience of the natural and organic group's senior management team is what the company needs.
Shares in Hain Celestial nose-dived yesterday (16 August) as Wall Street responded to a surprise announcement on Monday late afternoon US time from the Earth's Best baby food maker - and it was an announcement that capped an unsettling year for the business.