Nestlé’s sales growth forecast for 2024 – after two cuts – fell to 2%. Emerging markets are not what they used to be. Products have reached a reasonable penetration and local brands are increasingly formidable competitors. In fact, Nestlé’s sales growth in emerging markets, at almost 12 per cent in 2012, will drop to around 4 per cent this year. P.S.. : All the Italian press failed to report the water fraud perpetrated by Nestlé in France.
On Unilever read here: the ice cream business – which accounts for about 16 per cent of total sales – as part of CEO Hein Schumacher’s turnaround plan, also includes cutting 7,500 jobs, mostly in Europe for now does not meet the interest of large private equity groups
