A sign for Nestlé is seen during a general shareholders meeting in Ecublens, near Lausanne, on April 18, 2024. Fabrice Coffrini/AFP via Getty Images
International food and beverage giant Nestlé has announced some major changes to its product line this year, with the divestiture of its ice cream and water businesses.
Under the leadership of CEO Philipp Navratil, the Switzerland-based company that produces a range of products from chocolate bars to cat chow will now focus on its four “powerhouse” businesses: coffee, petcare, nutrition, and food and snacks.
