Philipp Navratil Reshapes Nestlé With Sale of Ice Cream and Water

Philipp Navratil announced a major restructuring of Nestlé to focus on four core business areas after reporting fourth-quarter organic sales growth of 4%.The Swiss food giant will exit the ice cream market by selling its shares in Froneri and plans to divest water brands like Perrier following recent scandals in France.Despite 1.7 billion francs in restructuring costs related to infant formula recalls, Philipp Navratil and Pablo Isla target continued growth through 2026.