Finance
Nestle to refocus on core business, CEO says
Published by Global Banking & Finance Review®
Posted on May 22, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 22, 2025
1 min readLast updated: January 23, 2026
Nestle CEO Laurent Freixe announces a strategic shift back to the company's core business, moving away from less successful segments like health supplements.
(Reuters) -Swiss food giant Nestle is refocusing on the group's core business after straying into segments like health supplements that "weakened the fabric of the organisation," CEO Laurent Freixe was quoted as saying in the Financial Times on Thursday.
Freixe, who took the helm of the company in September, told the newspaper he did not see the merits of slimming down the company's portfolio, except in segments where Nestle was not in a position to win.
"I think we should never forget that M&A is not the strategy," he was quoted as saying.
In another interview earlier this week, Freixe said Nestle was recovering market share in the U.S. despite concerns stemming from the Trump administration's imposition of tariffs on its key trading partners last month.
(Reporting by Ariane Luthi, editing by Kirsti Knolle)
Nestle is refocusing on its core business after previously straying into segments like health supplements that weakened the organization.
Freixe emphasized that mergers and acquisitions are not the strategy for Nestle, indicating a preference for strengthening the core business instead.
Despite concerns related to tariffs imposed by the Trump administration, Freixe stated that Nestle is recovering market share in the U.S.
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