Nestlé: Increasing pressure
Nestlé: (NEUTRAL, Fair Value CHF84 (+12%))Increasing pressure
Activist Third Point, which took a 1.3% stake in Nestlé in June 2017, has issued a press release in which it called the group’s strategy “muddledâ€. The main criticisms were the company was: 1/ not moving fast enough to divest its underperforming and non-strategic assets and 2/ not selling its 23% stake in L’Oréal and using the proceeds to purchase companies or repurchase shares.
Nestle is a holding company which is based in Switzerland. Through its subsidiaries and allied companies, Co. is engaged in the food processing industry. Co.'s product portfolio has seven categories, Powder and Liquid Beverages, Nutritional and Health Science, Milk products and ice cream, Prepared dishes and cooking aids, PetCare, Confectionery and Water.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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