Nestle streamlines portfolio with potential ice cream business sale

Nestle CEO Philipp Navratil has announced that the company is in advanced talks to sell its remaining ice cream businesses in Asia, Canada, and parts of Latin America to Froneri. The move is part of a broader strategy to simplify the Swiss food giant's operations and focus on high-growth categories like coffee, petcare, and nutrition. Despite recent challenges, including a major infant formula recall, Nestle remains focused on achieving its 2026 growth targets.