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Nestle shakes up infant nutrition to tackle local rivals

Reuters  |  LONDON/ZURICH 

By Martinne Geller and Silke KoltrowitzLONDON/ZURICH (Reuters) - Nestle, the world's largest packaged food firm, is reorganising its infant nutrition unit to compete with regional rivals, the latest in a string of shake-ups for global packaged goods companies struggling to reignite sales.The Swiss maker of Gerber baby food and Illuma formula said on Wednesday it would appoint regional managers for the $10 billion business to address local trends faster. The change comes five months after Nestle's new CEO listed its highly profitable infant formula as a priority focus.Consumer groups like ...

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First Published: Wed, November 15 2017. 20:17 IST