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 today (28 September) announced a "mutual cooperation agreement" with Engaged Capital, the activist investor that bought a 10% stake in the Tilda rice-to-Earth's Best baby food maker this summer.
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 food business the latest to feel the heat. However, there were already signs of change at Nestle under new CEO Mark Schneider, Dean Best argues.