Nestle ramps up cost-cutting by another £2.2bn in overhaul

By Yahoo! Finance | Nov 19, 2024 at 03:15 AM EST

Nestle plans to cut costs by 2.5 billion Swiss francs and spin off its premium water and drink business under new CEO Laurent Freixe. The company aims to increase investment in advertising and marketing by 9% of sales by 2025 while focusing on efficiency and profitability.

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