Nestlé to divest its supplements business

The Manila Times 28 h Philippines

LONDON ─ Nestlé will sell its mainstream vitamin brands to private equity firm Yellow Wood Partners for $1 billion, it said on Tuesday, as CEO Philipp Navratil tightens the company's strategic focus. Navratil, who took the top job at Nestle exactly a year ago, has reduced Nestlé's exposure to ice cream and water brands through joint ventures, slimming the Swiss conglomerate's portfol

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