Nestle SA has agreed to sell its U.S. ice cream business to Froneri in a deal va...
) has agreed to sell its U.S. ice cream business to Froneri in a deal valued at $4 billion, moving control of brands including Häagen-Dazs to a joint venture the Swiss group set up in 2016.
With operations in regions including Latin America and Asia, it is one of the largest ice cream companies in the world with a turnover of around 2.9 billion Swiss francs as of last year. Nestle owns the rights to Häagen-Dazs in the United States, while Yoplait maker General Mills sells the premium brand in non-U.S. markets.
“ underlines the seismic change going on at Nestle in terms of portfolio transformation to focus on where it thinks it can add value, while rolling those businesses where it thinks others can do better into ventures that do so,” Kepler Cheuvreux analyst Jon Cox said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Haagen-Dazs cash may melt in Nestlé’s pocketThe Swiss giant is selling its U.S. ice cream unit to a joint venture with buyout firm PAI for $4 bln. A big dollop of debt gives the $312 bln group a taste of private equity returns. After his second big disposal this year, CEO Mark Schneider might be tempted to splash out.
Lire la suite »
The Breadth of Details in Anomalie’s Wedding Gown Design Arsenal Is No AccidentCustomizable made-to-order bridal brand Anomalie offers 4 billion different wedding dresses — yes, that’s billion.
Lire la suite »
Holly Willoughby looks like princess in a cream sequin dressHolly Willoughby looked incredible on Instagram ahead of filming for Dancing on Ice in a cream sequin dress by Joao Rolo Couture, high heels by Gina, and diamonds by Boodles.
Lire la suite »
Corporate venture capital deals hit new record as banks invest in fintech competitorsCorporate venture capital funding is at an all-time high and banks are leading the charge.
Lire la suite »
Mochi ice cream is finally having a mainstream momentMochi ice cream has evolved from an exotic niche dessert to a mainstream product, popping up nearly everywhere, including malls, street fairs and major supermarket chains
Lire la suite »
Elite Athletes Seeking Visas Face Heightened Scrutiny by the Trump AdministrationFor foreign-born swimmers, jockeys, tennis players, gymnasts and ice dancers who want to live in the U.S., the toughest competition these days may be persuading the Trump administration they are extraordinary
Lire la suite »