- Nestle's worst quarterly revenue report in four years has prompted an internal review that could result in some of its 8,000 brands getting axed or heavily doctored, Bloomberg reports.
- Nestle's frozen food unit, which includes brands such as Lean Cuisine, and PowerBar may be among those that Nestle sizes up for sale.
- The company has bolstered what it calls a "cell methodology" tool this year in order to evaluate which of it its 1,000 business units in 194 countries are deserving of greater or less investment.
From the article:
... Selling a large food business would be a departure for Nestle. This year’s enforced sale of infant-nutrition licenses in Australia and Africa was its biggest publicly disclosed divestment of a food-related asset since the 1997 sale of a canned tomato business to Del Monte Foods Co. for $197 million, according to data compiled by Bloomberg. In contrast, Unilever has sold Skippy peanut butter for $700 million and Wish-Bone salad dressings for $580 million this year alone. ...