Nestlé

Nestlé is divesting its remaining ice cream businesses in Asia, Canada, and parts of Latin America to Froneri, a joint venture in which Nestlé retains a 50 percent stake. This move is part of a broader portfolio simplification strategy under CEO Philipp Navratil, aiming to focus on coffee, pet care, nutrition, and food & snacks divisions. The company also reported better-than-expected fourth-quarter sales growth and plans to deconsolidate its water business.

Nestlé announced global job cuts of 16,000 over the next two years as part of cost-cutting measures to revive financial performance amid rising commodity costs and U.S. imposed tariffs.

Nestlé's SMA Infant Formula and Follow-On Formula products have also been recalled due to potential contamination. While not the primary focus of the latest recall, Nestlé is implicated in the broader issue of contaminated infant formula.

Nestlé served as a proof of concept for the GPU-accelerated IBM watsonx.data, demonstrating significant cost savings and performance improvements in its global supply chain data analytics. This showcases Nestlé's commitment to leveraging advanced AI for operational efficiency.

Nestlé is investing an additional $60 million in Pakistan, strengthening its existing commitments.