Home Progressive Grocer Nestle CEO Says Losing Appetite for Laggard Brands

Nestle CEO Says Losing Appetite for Laggard Brands


Nestle, the world’s largest food maker, has less ability to hold onto underperforming brands as its focus shifts to more scientific businesses such as medical nutrition and skin health.

Former RBI Deputy Governor joins Nestle India
Mohan was also Secretary in Department of Economic Affairs, Ministry of Finance from October 2004 to July 2005

Nestle Chief Executive Paul Bulcke said the company’s newer businesses, which include aesthetic dermatology products, were more complicated than food and therefore required greater investment, according to Reuters. As a result, Nestle has to cut off any “dead wood” brands.

Bulcke was speaking at an investor conference in Boston that was broadcast online. He also affirmed the company’s full-year outlook, which calls for organic sales growth of around 5 percent.