Nestle to Shed Ice-Cream Business in Major Shakeup
By Aimee Look
Swiss food giant Nestle said it plans to offload its ice-cream business and consolidate other major areas of its operations around four main categories.
The maker of KitKat chocolate bars and Nescafe coffee on Thursday said it would sell its remaining ice-cream business to its Froneri joint venture.
Nestle said it plans to structure the company around four businesses: coffee, petcare, nutrition, and food, as it integrates the nutrition and health-science divisions into one business.
Chief executive of the health-science unit, Anna Mohl, will leave her position, Nestle said.
The company also said it expects to have offloaded its waters and premium beverages arm by 2027.
Meanwhile, Nestle reported that organic sales accelerated to 3.5% in 2025, compared with analysts' expectations of 3.4%. Sales were 89.49 billion Swiss francs ($115.75 billion) compared with 91.35 billion francs the year before. Analysts had expected 89.69 billion francs.
Write to Aimee Look at aimee.look@wsj.com
(END) Dow Jones Newswires
February 19, 2026 02:12 ET (07:12 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for November
3 of the Best Dividend Stocks to Own
The 10 Best Companies to Invest in Now
It’s Been a Long Time Since Bonds Looked This Good
United States