Nestlé is overhauling its business to drill down on its top-growing brands, spin off its underperforming water unit, and cut $2.8 billion in costs by 2027.
The measures were announced by Nestlé’s CEO of 80 days, Laurent Freixe. His goal is to “accelerate Nestlé” and make growth the center of its investments in the upcoming years, Freixe said at the Capital Markets Day presentation on Tuesday.
