Danone forecast a resumption of growth in the second half of 2014 as the world’s biggest yogurt maker rebuilds its infant nutrition brands in China following the first annual earnings decline in more than a decade.
Nestle SA, the world’s largest food company, forecast growth near the low end of its target in 2014 after reporting the smallest annual sales advance in four years amid sluggish spending and lower prices in developed markets.
Nestle SA paid $3.6 billion yesterday to take full control of Galderma, the dermatology business that revives skin. Nestle Chief Executive Officer Paul Bulcke will need to do the same at the unit to spur growth.
Nestle SA, the world’s biggest food company, has a shortlist of businesses it is looking to sell after identifying laggards that it cannot fix, Chief Executive Officer Paul Bulcke told investors today.