Nestlé has more work to do in health push - Reuters

takingmong.blogspot.com

Nestlé (NESN.S) is failing the fitness test. According to an internal document cited by the Financial Times, more than 60% of the KitKat maker’s mainstream food and drinks do not meet a “recognised definition of health”. That jars with a strategy of “health, nutrition and wellness”.

The analysis only focuses on half the Swiss group’s portfolio, though Chief Executive Mark Schneider isn’t deaf to the charges. Since a Third Point attack in 2018 which pushed a similar strategy, he’s sold down ice cream, dumped U.S. confectionery, ditched Herta sausages and expanded pet food. The latter represented 14% of sales in 2018 compared to 17% last year. Nutrition and health science shrunk during the period, but that’s because Schneider sold a Botox unit to focus on nutrition, recently acquiring much of supplements maker Nature’s Bounty read more . But Aeros or greasy Hot Pockets will never be good for you, so ramping up divestments is now a vital ingredient. (By Dasha Afanasieva)

On Twitter http://twitter.com/breakingviews

Capital Calls - More concise insights on global finance:

Short-sellers and their targets get a warning read more

Manila snackmaker’s flat IPO may find some fizz read more

Tata’s BigBasket deal bags top super-app item read more

Klarna $50 bln value beats richly priced rivals read more

Third Point activist flips script on Dan Loeb read more

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

Adblock test (Why?)

"work" - Google News
June 01, 2021 at 05:19PM
https://ift.tt/3i8HeGA

Nestlé has more work to do in health push - Reuters
"work" - Google News
https://ift.tt/3bUEaYA


Bagikan Berita Ini