Loeb To The Rescue? Investor Lays Out Plans To Fix Nestlé: Analysis
Like Nelson Peltz at Procter & Gamble, activist investor Daniel Loeb believes that fundamental changes are necessary at Nestlé, in order for the company to return to strong growth.
The investor, whose hedge fund Third Point acquired around 40 million shares in the Swiss food giant last summer – around $3.5 billion – has been nothing short of outspoken on the future direction of the company under recently appointed chief executive Mark Schneider, who is just completing his first year in the job.
‘Thoughtful Review’ Of L’Oréal Stake
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