International Companies

Nestle cuts forecast, shakes up executive board after sales disappoint

By Abigail Townsend

Date: Thursday 17 Oct 2024

(Sharecast News) - Nestle is to undergo a major organisational overhaul, the Swiss food giant confirmed on Thursday, as it cut sales targets in the face of persistently weak consumer demand.
New chief executive Laurent Freixe said the changes would help Nestle "sharpen" its focus on consumers, speed-up decision making and...

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