LONDON: Nestle reported better than expected fourth-quarter sales growth on Thursday and said it was sharpening its focus to four businesses led by its strongest brands, a drive that includes plans to sell off its remaining ice cream business.
Nestle, the maker of Maggi stock cubes and Nescafe coffee, said it would focus on its Coffee, Petcare, Nutrition and Food & Snacks units and was in advanced negotiations to sell the ice cream business to Haagen-Dazs owner Froneri, which is a joint venture between European buyout firm PAI Partners and Nestle.
