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Loeb Presses Nestle to Fix Strategy, Sell L’Oreal Stake

Free Malaysia Today

NEW YORK: One year after buying a stake in Nestle SA and watching his holding lose value, activist investor Dan Loeb is running out of patience. Loeb fired off a 34-page presentation over the weekend, demanding a far more radical transformation than the world’s largest food company has so far embraced...

Mentions: CEO Starbucks Nestle