Finance
US consumers unsettled by economic slowdown, Nestle CEO says
Published by Global Banking & Finance Review®
Posted on May 21, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 21, 2025
1 min readLast updated: January 23, 2026
US consumers feel uneasy about the economic slowdown, but Nestle is regaining market share, according to CEO Laurent Freixe.
ZURICH (Reuters) -Consumers in the United States are unsettled by a slowdown in the economy, but Nestle is recovering market share there, the CEO of the Swiss food group was quoted as saying in a newspaper interview published on Wednesday.
Nestle CEO Laurent Freixe told the Neue Zuercher Zeitung daily that his company was performing well in the U.S. despite concerns stemming from the Trump administration's imposition of tariffs on its key trading partners last month.
"The U.S. market is under pressure," he said. "There's uncertainty, and consumers are feeling the economy slowing. But we've recently performed better than our competitors in the U.S. We're regaining market share. We're on the right track."
Freixe also said his company was not putting its water business on sale - but might sell a stake in it.
"To unlock the full potential, we need a partner as a co-investor so that we don't have to take the funds for expansion out of our core business," Freixe told the newspaper. "A joint venture would be one possibility."
(Reporting by Dave Graham and Kanjyik Ghosh; Editing by Sandra Maler)
Consumers in the United States are unsettled by a slowdown in the economy, feeling the pressure of economic uncertainty.
Nestle is recovering market share in the US despite economic concerns and has recently performed better than its competitors.
The CEO mentioned that Nestle is not putting its water business on sale but may consider selling a stake in it to unlock its full potential.
The economic pressure is attributed to uncertainty stemming from the Trump administration's imposition of tariffs.
Nestle plans to seek a partner as a co-investor for its water business expansion to avoid using funds from its core business.
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