What is Nestle known for?
With a 150-year-plus history, Nestle is the largest food and beverage manufacturer in the world by sales, generating more than CHF 90 billion in annual revenue. Its diverse product portfolio includes brands such as Nestle, Nescafe, Perrier, Pure Life, and Purina.
Is Nestles financial performance lagging its peers?
With margins lagging some of its large-cap peers, there should be plenty of low-hanging fruit with which Nestle could improve its financial performance. The breadth and diversity of Nestles portfolio and its geographic reach allow for easier absorption of brand and operational shocks.
Why is Nestle selling 20% of its stake in LOreal?
The presence of Nestle, which is cutting its stake to just over 20% from 23% by selling shares worth about $10 billion, alongside the LOreal founding family helped insulate the French group from unsolicited takeover bids.