- 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.
TradingView
Key facts: Nestlé sells ice-cream; ~16k cuts; €3bn JV; Q2 +3.7%
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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,