Nestlé responds to investors' demands with a list of measures

(awp / sda) The Nestlé Food Company responded to third-party requests over the weekend by issuing a press release. Among other things, Nestle points to the appointment of a new CEO, the acceleration of portfolio repositioning, recent sales growth in a challenging environment or investments in their own brands.

The Third Investment Company Founded by American Investor Dan Loeb In an online report and in a letter to management, Point criticized Nestlé's "confusing strategic direction". Nestle does not move fast enough in the separation of parts of the business, it says in the letter, among other things. The US investor specifically asks for measures to yield 15% of sales. The funds will be used for acquisitions and other redemptions of shares.

Loeb largely repeats, with the report published over the weekend, the exhibitions that he had already made in a letter to shareholders last January. For example, the stake in the French cosmetics group L & # 39; Oréal, in which Nestlé holds a stake of about 23%, will be sold. Thirdly, Nestlé proposes to divide Nestlé into three sectors: beverages, nutrition and groceries.

Nestle Expects Accelerated Restructuring

Nestle Claims to Be Used for Last Year Accelerated restructuring and improvement of operational efficiency. In addition, a margin target has been formulated and the initial results have already exceeded expectations.

In light of Third Point's concrete affirmations, Nestle simply states: "Nestlé's board of directors and management take the perspectives of all shareholders seriously.

In addition, Monday's Wall Street Journal article indicated that Nestle was interested in taking control of the Canadian Petfoods Champion and potentially paying more than $ 2 billion.