Browsing: Nestlé

Nestlé will sell its U.S. ice cream business to a new joint venture for $4 billion, shifting focus to a broader global frozen treats strategy and sharpening its competitive edge worldwide.

Nestlé USA has named its coffee division head as the company’s next chief executive, signaling a strategic focus on its fast-growing beverage portfolio, The Business Journals reports.

Nestlé plans to cut 16,000 jobs worldwide as part of a sweeping restructuring. The company’s U.S. office in Rosslyn is expected to face impacts, raising concerns for local employees.