A French court rejected on Tuesday a case against Nestle's Perrier mineral water brought by a consumers group who demanded the sparking water be withdrawn from markets.
Nestle wants out of mass-market vitamins. But a move by consumers towards more expensive, science-backed products risks complicating the Swiss conglomerate's effort to fetch a high price for its underperforming brands.
Nestlé delivered solid Q3 results, with sequential organic sales growth across all regions despite FX headwinds and US category softness. Management reaffirmed 2025 and medium-term targets, aiming for at least a 16% operating margin in 2025 and a 17%+ margin over the medium term. A global headcount reduction of ~16,000 is planned, doubling annual savings to CHF 1 billion by 2027, supporting mar...
Nestle is upgraded to 'Buy' as new CEO Philipp Navratil initiates bold cost-cutting and cultural transformation. NSRGY targets a 6% workforce reduction and a shift to performance-based culture, aiming for agility and improved accountability. Recent results show accelerating organic growth, with priority products growing 14% year-to-date.
White-collar employment is taking another hit.Nestle on Thursday offered the latest example of a big employer looking to save money by streamlining its white-collar workforce.
Nestle fired CEO Laurent Freixe in September over an undisclosed relationship with an underling.
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