Andrea Felsted, Columnist

Nestle's Deal Junkie CEO Needs to Show He's Also a Seller

Schneider needs to get cracking on divesting non-core assets, including L'Oreal.

February 15, 2018 at 10:59 AM UTC

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

L'Oreal Products Ahead Of Earnings — Alessandra Benedetti/ Bloomberg

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Nestle SA's relatively new Chief Executive Officer Mark Schneider has shown he knows how to buy. Now he needs to sell too.

Schneider, who was something of a deal junkie when he ran Fresenius SE, wasted no time in his first year at Nestle, snapping up the likes of supplement maker Atrium Innovations and Blue Bottle Coffee. He also took his first step in reshaping the global group's disparate portfolio, offloading the U.S. confectionery business for a good price.