• Nestlé (NESN) to sell remaining ice-cream brands to Froneri (retains 50%), may sell Nature’s Bounty and vitamins, plans ~16,000 job cuts and refocus on coffee, pet care, nutrition, food
  • Nestlé sells 50% of bottled water and premium drinks into €3bn JV Peranel with Platinum Equity; deal to close H1 next year pending approvals. H1 net profit fell to CHF 3.5bn; share ~CHF 80.09
  • Nestlé Q2: organic sales +3.7%, company real internal growth +1.8%. North America volumes weak; regional real internal growth -0.6%. Company keeps current margin outlook.