Latest news with #Freixe
Time of India
22-05-2025
- Business
- Time of India
Nestle to refocus on core business, CEO says
Swiss food giant Nestle is refocusing on the group's core business after straying into segments like health supplements that "weakened the fabric of the organisation," CEO Laurent Freixe was quoted as saying in the Financial Times on Thursday. Freixe, who took the helm of the company in September, told the newspaper he did not see the merits of slimming down the company's portfolio, except in segments where Nestle was not in a position to win. "I think we should never forget that M&A is not the strategy," he was quoted as saying. In another interview earlier this week, Freixe said Nestle was recovering market share in the U.S. despite concerns stemming from the Trump administration's imposition of tariffs on its key trading partners last month.
RTÉ News
22-05-2025
- Business
- RTÉ News
Nestle to refocus on core business, CEO says
Swiss food giant Nestle is refocusing on the group's core business after straying into segments like health supplements that "weakened the fabric of the organisation," CEO Laurent Freixe was quoted as saying in the Financial Times today. Laurent Freixe, who took the helm of the company in September, told the newspaper he did not see the merits of slimming down the company's portfolio, except in segments where Nestle was not in a position to win. "I think we should never forget that M&A is not the strategy," he was quoted as saying. In another interview earlier this week, Freixe said Nestle was recovering market share in the US despite concerns stemming from the Trump administration's imposition of tariffs on its key trading partners last month.
Time of India
22-05-2025
- Business
- Time of India
Nestle to refocus on core business, CEO says
Swiss food giant Nestle is refocusing on the group's core business after straying into segments like health supplements that "weakened the fabric of the organisation," CEO Laurent Freixe was quoted as saying in the Financial Times on Thursday. Freixe, who took the helm of the company in September, told the newspaper he did not see the merits of slimming down the company's portfolio, except in segments where Nestle was not in a position to win. "I think we should never forget that M&A is not the strategy," he was quoted as saying. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cara Membantu Orang Terkasih Menghadapi Limfoma Limfoma Pelajari Undo In another interview earlier this week, Freixe said Nestle was recovering market share in the U.S. despite concerns stemming from the Trump administration's imposition of tariffs on its key trading partners last month.
Yahoo
22-05-2025
- Business
- Yahoo
Nestle to refocus on core business, CEO says
(Reuters) -Swiss food giant Nestle is refocusing on the group's core business after straying into segments like health supplements that "weakened the fabric of the organisation," CEO Laurent Freixe was quoted as saying in the Financial Times on Thursday. Freixe, who took the helm of the company in September, told the newspaper he did not see the merits of slimming down the company's portfolio, except in segments where Nestle was not in a position to win. "I think we should never forget that M&A is not the strategy," he was quoted as saying. In another interview earlier this week, Freixe said Nestle was recovering market share in the U.S. despite concerns stemming from the Trump administration's imposition of tariffs on its key trading partners last month. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New Straits Times
21-05-2025
- Business
- New Straits Times
US consumers unsettled by economic slowdown, Nestle CEO says
ZURICH: Consumers in the United States are unsettled by a slowdown in the economy, but Nestle is recovering market share there, the CEO of the Swiss food group was quoted as saying in a newspaper interview published on Wednesday. Nestle CEO Laurent Freixe told the Neue Zuercher Zeitung daily that his company was performing well in the US despite concerns stemming from the Trump administration's imposition of tariffs on its key trading partners last month. "The US market is under pressure," he said. "There's uncertainty, and consumers are feeling the economy slowing. But we've recently performed better than our competitors in the US We're regaining market share. We're on the right track." Freixe also said his company was not putting its water business on sale - but might sell a stake in it. "To unlock the full potential, we need a partner as a co-investor so that we don't have to take the funds for expansion out of our core business," Freixe told the newspaper. "A joint venture would be one possibility."
