Andrea Felsted, Columnist

Nestle Fights Activist Dan Loeb With Lunch Meat

CEO Schneider is doing a good job restructuring the portfolio. That should give confidence a L’Oreal deal will come when the timing works.

February 14, 2019 at 11:37 AM UTC

By Andrea Felsted

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

So long.
Photographer: Stefan Wermuth/Bloomberg

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

Crow’s feet are in and cold cuts are out at Nestle SA.

The company said Thursday it was considering a sale of its Herta meat business, which could be worth about 1.3 billion francs ($1.3 billion), according to Martin Deboo at Jefferies. This announcement follows a recent Bloomberg News report that it could consider a full sale of its skin health business, which includes cosmetic fillers among its products and could fetch about $10 billion.