Nestle faces investor challenge over healthy food targets

A coalition of investors has filed a resolution asking the company to set targets to increase sales of healthier foods. — Reuters

Vevey (Switzerland): Nestle SA is facing a formal demand from some shareholders, including Legal & General Investment Management (LGIM), to significantly improve the amount of healthy food the Swiss consumer group sells.

A coalition of investors, led by ShareAction, has filed a resolution asking the maker of Kit Kat chocolate to set targets to increase sales of healthier foods, at a time of surging ill health related to poor nutrition worldwide.