Get the app today! Download iPhone App Download Android App

Nestlé Expecting Better Second Half To Keep Third Point At Bay

Published on Jul 26 2018 8:57 AM in A-Brands tagged: Trending Posts / Nestlé / Third Point / Mark Schneider / Paywall

Nestlé Expecting Better Second Half To Keep Third Point At Bay

Food giant Nestlé said it expects an improvement in sales and profitability in the second half of 2018 as it seeks to assuage activist shareholder Third Point, with its infant formula business helping second-quarter results.

Packaged food groups have seen sales slow as health-conscious consumers switch to fresh, local foods.

Nestlé has also come under pressure from New York-based hedge fund Third Point, run by investor Daniel Loeb, asking for a bolder and faster overhaul at the world's biggest food group.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Tumblr Share via Email