Robert Besser
26 May 2025, 20:25 GMT+10
VEVEY, Switzerland: Nestle is realigning its focus on its core food and beverage operations after expanding into areas like health supplements that "weakened the fabric of the organization," CEO Laurent Freixe told the Financial Times this week.
Freixe, who took over as CEO in September, said the company does not see widespread portfolio reduction as necessary—unless it involves categories where Nestle cannot remain competitive.
"I think we should never forget that M&A is not the strategy," he said, pushing back on the notion that acquisitions alone should define the group's direction.
Earlier this week, Freixe also noted that Nestle is regaining market share in the U.S., despite recent concerns over trade friction following new tariffs imposed by the Trump administration on key trading partners.
Get a daily dose of Switzerland Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Switzerland Times.
More InformationVEVEY, Switzerland: Nestle is realigning its focus on its core food and beverage operations after expanding into areas like health...
DUBLIN, Ireland: The Bank of Ireland has announced an ambitious new target to support the construction of 30,000 homes across the country,...
GOTHENBURG, Sweden: Volvo Cars is stepping up its collaboration with Google to become the lead development partner for Android automotive...
KUALA LUMPUR, Malaysia: Airbus is in discussions with Malaysian airlines to introduce its A220 aircraft, the company's Asia-Pacific...
New Delhi [India] May 26 (ANI): Indian stock market opened in the green as major indices Nifty and Sensex started the trading day with...
Washington DC [US], May 26 (ANI): Following US President Donald Trump's proposal for a 50% tariff on all imports from the European...
BRUSSELS, Belgium: European Union antitrust regulators are examining fees imposed by payment giants Visa and Mastercard, Bloomberg...
WASHINGTON, D.C.: The U.S. Army plans to change the records of transgender soldiers to list only their sex at birth, according to a...
WASHINGTON, D.C.: The Federal Aviation Administration (FAA) said this week that it will require airlines to reduce the number of flights...
GAZA - The home of a doctor working in the emergency room at the Nasser Medical Complex in southern Gaza was struck by Israel Air...
ORLANDO, Florida: For years, Universal Orlando played second fiddle to Disney's sprawling empire in Central Florida. Now, with the...
WASHINGTON, D.C.: The U.S. Transportation Department is expected to say that fuel economy rules created under President Joe Biden went...