Nestle will cut 16,000 jobs as the world’s largest packaged food company seeks to cut costs and win back investor confidence.
Read More Nestle to cut 16,000 jobs as new CEO ignites ‘turnaround fire’
Tag: Nestle
Diageo CEO Crew steps down as company pursues turnaround, cost cuts
Shares in the maker of Johnnie Walker whisky and Guinness beer rose as much as 4.5% after the Financial Times first reported the news.
Read More Diageo CEO Crew steps down as company pursues turnaround, cost cuts
Froot Loops maker WK Kellogg agrees to $3.1 billion deal from Italy’s Ferrero
The deal, which is Ferrero’s biggest acquisition in recent years, brings legacy brands such as Nutella, Kinder, Tic Tac, Frosted Flakes, Froot Loops and Special K under one roof.
Read More Froot Loops maker WK Kellogg agrees to $3.1 billion deal from Italy’s Ferrero
The Revenge Of Nestle Kills Baby
Several companies must face lawsuit over tainted baby food, US judge rules
A U.S. judge said several companies including Walmart, Beech-Nut and Gerber must face a nationwide lawsuit claiming that toxic heavy metals contaminated their baby food.
Read More Several companies must face lawsuit over tainted baby food, US judge rules