Business
Nestle to axe 16,000 jobs as new CEO targets sales growth
Nestle will axe 16,000 jobs as it tries to raise sales volumes, new CEO Philipp Navratil said on Thursday (Oct 16), as the world’s largest…
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Nestle bows out of initiative to reduce dairy’s climate impact
Less than two years ago, a group of the world’s biggest food companies, including Nestle, Danone and Kraft Heinz, announced a major…
Business
Nestle ushers in new leadership era as chairman exits early
Nestle chairman Paul Bulcke will step down early and hand over to former Inditex chief Pablo Isla on Oct 1, accelerating a changing of the…
Business
Laurent Freixe: Former Nestle CEO Was Fired After He Was Caught by His Mistress Cheating With Junior in Swiss Hotel
Former Nestlé CEO Laurent Freixe was reportedly fired after a senior executive, said to be his mistress, allegedly caught him at a Zurich…
Business
Nestle sales rise on price hikes for coffee, cocoa products
Nestle’s sales rose as the maker of Nespresso and KitKat candy bars increased prices to counter soaring costs for coffee and cocoa.…
Business
Nestle announces restructuring, misses nine-month organic sales forecast
NESTLE announced it is revamping senior leadership and its operating structure, cut its full-year sales outlook and reported…