Moby THE GIST. Nestlé has decided it does not want to be the world’s biggest everything anymore. Under new CEO Philipp ...

The Swiss giant said it has no plan to exit the Froneri ice-cream partnership set up with PAI Partners in 2016.

CEO Philipp Navratil called the segment "a distraction" as the company looks to slim down its portfolio and focus on its biggest brand opportunities.

Nestlé calls its ice cream arm a distraction, opting to transfer global operations to Froneri. The move mirrors Unilever’s strategy as major CPGs streamline portfolios.

Nestlé CEO Philipp Navratil unveils strong 2025 results and a sharpened strategic focus, while major challenges loom - from a global infant formula contamination crisis to 16,000 planned job cuts and ...