(MarketScreener with Reuters) Nestlé's new CEO, Laurent Freixe, has said that the Swiss group will refocus on its core business after venturing into segments such as food supplements, which he believes have "weakened the organization's structure." In an interview with the Financial Times on Thursday, Freixe emphasized that some diversifications had not strengthened the group's overall coherence.
At the helm of Nestlé since September, he said he was not in favor of a general reduction in the business portfolio, except in segments where the group did not have critical mass. "I think we must never forget that mergers and acquisitions are not a strategy in themselves," he insisted.
In another interview earlier this week, Freixe also said that Nestlé was regaining market share in the United States, despite concerns raised by the Trump administration's recent decision to impose tariffs on some of its key trading partners.
Nestlé S.A. is the world's leading agri-food group. Net sales break down by category of products as follows:
- powdered and liquid beverages (26.9%): soluble coffees (Nescafé and Starbucks brands), coffee in capsules (Nespresso), chocolate drinks (Nesquik, Milo, etc.), tea drinks (Nestea), etc.;
- pet food (20.7%): brands such as Purina, Friskies, Felix, etc.;
- pharmaceutical, nutrition and well-being products (16.6%): nutritional supplements (Resource, Boost, Nutren, Optifast, Peptamen brands, etc.), infant and maternal nutrition products (NAN, illuma, Cerelac, Nido, Gerber), ketogenic beverages (BrainXpert), (Nesquick, Fitness, Cheerios, Lion, etc.), etc.;
- ready meals and seasoning products (11.7%): frozen and chilled dishes (Lean Cuisine, Hot Pockets and Stouffer's brands), soups (Maggi), etc.;
- dairy products and ice cream (11.4%): powdered milk, sweetened condensed milk, yoghurt and cream desserts, ice cream (Nido, Nesvita, Carnation, La Laitière, Coffee Mate, Nestlé Ice Cream, Dreyers, Häagen-Dazs, Extrême brands, etc.);
- chocolates, sweets and biscuits (9.2%): Kit Kat, Smarties, Cailler, Terrafertil, etc. brands;
- bottled waters (3.5%): Nestlé Pure Life, Vittel, Perrier, S. Pellegrino, etc. brands.
Net sales are distributed geographically as follows: Switzerland (1.2%), the United Kingdom (4%), France (3.8%), Germany (2.2%), Europe (13.1%), the United States and Canada (35.2%), China (5.9%), Brazil (4.4%), Mexico (4.2%), Chile (1.2%), Latin America (3.8%), Philippines (2.9%), India (2.2%), Australia (1.6%) and Oceania (14.3%).
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