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The Independent UK
The Independent UK
Business
Henry Saker-Clark

Nestle in talks to sell ice cream arm as formula recall squeezes profits

Nestle has said it is in advanced negotiations over the sale of its remaining ice cream business as it indicated profit have been squeezed by the impact of baby formula recalls (Steve Parsons/PA) - (PA Archive)

Nestle has said it is in advanced negotiations over the sale of its remaining ice cream business as it indicated profits have been squeezed by the impact of baby formula recalls.

The Swiss consumer giant confirmed talks regarding selling the ice cream business to Froneri, an ice cream joint venture with private equity firm PAI Partners – which owns brands such as Haagen-Dazs.

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