Nestlé, the world’s largest food and drinks company, is a giant awakening. Since the start of the year, new chief executive Mark Schneider has reacted to forces reshaping the global consumer goods industry — and pressure from activist investors. Profit margin targets have been set, growth areas identified and a SFr20bn share buyback programme unveiled. On Wednesday, its infant nutrition business was broken into regional units, to get closer to customers. Expectations have mounted that Mr Schneider will revamp Nestlé’s portfolio with big acquisitions and disposals.
> Read the full article on the Financial Times website
By Ralph Atkins
Source: Financial Times
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