Nestlé To Focus More On High-Growth Businesses, Less On Packaged Foods

Nestlé SA this week sketched out a strategic future that seems to veer away from packaged foods. After investor Daniel Loeb, who has a 1.25 percent stake in the company, asked for some big changes, Nestlé said it would spend more on its high-growth businesses, including bottled water, coffee, infant nutrition and pet care, and would consider consumer healthcare acquisitions. Industry analyst Jean-Philippe Bertschy predicted that Nestlé would divest its frozen foods, ice cream and pizza businesses over the next three to four years. [Image Credit: © Nestlé SA]