1. Nestle Cuts the Meat in Bid to Build Healthier Food Giant

    Nestle Cuts the Meat in Bid to Build Healthier Food Giant

    (Bloomberg) -- Nestle SA put its ailing Herta lunch-meat business up for sale as Chief Executive Officer Mark Schneider tries to spark faster sales growth by transforming the world’s largest food company through acquisitions and divestments. The Swiss company’s shares rose as much as 3.7 percent to a record as it forecast improved sales and said that it expects to cede control of its dermatology unit by the middle of this year...

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    1. With these portfolio changes, the strategic picture of the group becomes much clearer than one to two years ago, with our focus on food and beverage and nutritional health.
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