Nestle, the world’s biggest food company, won’t make ice cream
Nestle, the world’s biggest food company, won’t make ice cream
https://www.cnn.com/2026/02/19/business/nestle-selling-ice-cream-business-intl
Publish Date: 2026-02-19 04:58:00
Source Domain: www.cnn.com
- Nestle is in “advanced negotiations” to sell its remaining ice cream business, currently held by its joint venture partner Froneri.
- The move is part of new CEO Philipp Navratil’s plan to boost sales and simplify Nestle’s operations, focusing on its coffee, petcare, nutrition, and food and snacks businesses.
- Navratil aims to streamline the portfolio by cutting around 16,000 jobs worldwide and utilizing automation and artificial intelligence.
- Nestle is dealing with a challenging period marked by internal changes, including the abrupt dismissal of former CEO Laurent Freixe, and the recall of some infant formula batches due to traces of the toxin cereulide.
- Navratil’s strategy echoes similar decisions by competitors like Unilever, which spun off its ice cream unit in December.
