Nestlé to slash costs by $2.8 billion, lowers profit margin forecast to 17% under new CEO
The money from cost cutting and lost margin will be spent on advertising to boost sales. As part ‘Accelerating Nestlé’ plan, the company will also carve out its waters and premium beverages business into a global standalone business as of January 1, 2025.
The money from cost cutting and lost margin will be spent on advertising to boost sales. As part ‘Accelerating Nestlé’ plan, the company will also carve out its waters and premium beverages business into a global standalone business as of January 1, 2025.
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