CEO’s Office Romance Shakes Nestlé at a Delicate Time
Another leadership change comes as the food giant grapples with higher costs, weaker demand and pressure to make healthier products.
KitKat chocolate covered wafer bars produced by Nestlé.
Photographer: Dominic Lipinski/BloombergWelcome to the Business of Food newsletter, covering how the world feeds itself in a changing economy and climate. This week, Sonja Wind looks at a scandal at the world’s biggest food company. Any tips or feedback? Email food czar Agnieszka de Sousa. And if you aren’t yet signed up to receive this newsletter, please do so here.
When it comes to the business of food, it doesn’t get bigger than Nestlé. The Swiss giant behind KitKat, Nespresso and Nesquik is the largest food company in the world, steadily churning out staples for more than a century. But an unexpected drama put another dent in the veneer of stability this week.