Nestle Cuts 2025 Profitability Target, Steps Up Spending in Turnaround Push

Dow Jones11-19

By Michael Susin

Nestle cut its 2025 profitability target and said it would step up advertising and marketing investment as part of Chief Executive Laurent Freixe's plan to turn around the Swiss food giant.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

November 19, 2024 01:18 ET (06:18 GMT)

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