Nestle will step up advertising and marketing, cut costs, split its water and premium drinks business out of the rest of the ...

CEO Laurent Freixe, a 40-year veteran of the world's biggest food company, took the reins in September replacing ousted Mark ...

The food giant tempered its profit expectations for next year and for sales growth over the medium term, as it steps up ...

Nestle on Tuesday sought to play down any differences with Robert F. Kennedy Jr., who has been critical of packaged foods, ...

Nestlé unveiled an ambitious cost-cutting initiative and reduced its profit outlook on Tuesday, as new chief executive ...

This comes after Nestle launched a growth-focused strategy under Chief Executive Laurent Freixe's plan to revive sales growth at the Swiss food giant. Freixe now seeks to step up investment in ...

The packaged goods giant also plans to fix, rather than sell, the majority of its underperforming businesses, CEO Laurent ...

KitKat maker Nestle has revealed plans to slash costs by at least another 2.5 billion Swiss francs (£2.2bn) and spin off its ...

VEVEY, Switzerland ― Nestle will boost advertising and marketing, trim costs by at least $2.8 billion by 2027 and carve out its water and premium drinks businesses into a standalone global unit as it ...

Marketing and advertising costs in 2023 were 7.7 per cent of sales ... Frexie has earlier expressed his interest in investing ...

The world’s biggest coffee maker, Nestle SA, will continue raising prices and make packs smaller to limit the impact of ...