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Top related persons:
Laurent Freixe - 2 Mark Schneider - 1 Jon Cox - 1 Cox - 1 Kepler Cheuvreux - 1 Schneider - 1 Freixe - 1 Laurent - 1
Top related locs:
Swiss Schneider London Konolfingen Switzerland Brazil
Top related orgs:
Nestle - 2 Kepler - 1 CNBC - 1 America - 1 REUTERS - 1 Rights - 1 Grupo CRM - 1 Brasil - 1

Search resuls for: "Freixe"


3 mentions found


☆ Nestle CEO departure seen as 'not such a bad thing' for investors, analyst says
  + stars: | 2024-08-23 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +1 min
LONDON — Investors may think that the replacement of Nestle CEO Mark Schneider with company veteran Laurent Freixe is "not such a bad thing," analyst Jon Cox said Friday. "I think confidence has been severely hit in the case and particularly in Schneider," he told "Squawk Box Europe." "I presume most people will think it's not such a bad thing at this point for Schneider to go," he said. Freixe, who joined Nestle in 1986 and served most recently as executive vice president and CEO of the Latin America unit, will take over from Sept. 1. The company has struggled to retain market share as consumers have shifted away from labelled products amid inflationary pressures.
Persons: Mark Schneider, Laurent Freixe, Jon Cox, Cox, Kepler Cheuvreux, Schneider, Freixe, Laurent, Nestlé, Paul Bulcke Organizations: Nestle, Kepler, CNBC, America Locations: Schneider, London, Swiss
☆ Nestle buys majority stake in Brazilian premium chocolate maker
  + stars: | 2023-09-07 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsZURICH, Sept 7 (Reuters) - Nestle (NESN.S) is buying a majority stake in Brazilian premium chocolate maker Grupo CRM, the Swiss food group said on Thursday. Grupo CRM operates a direct-to-consumer model, with more than 1,000 chocolate boutiques under the Kopenhagen and Brasil Cacau brands and a strong, growing online presence, Nestle said. The executive has been with the company for 25 years and has built up and significantly expanded Grupo CRM, which currently only operates in Brazil. In June, Brazilian competition regulator Cade approved Nestle's acquisition of Chocolates Garoto more than 20 years after it was first announced. Among the conditions for the approval, the company agreed not to make any acquisitions that account for at least 5% of the Brazilian chocolate market for five years.
Persons: Arnd, Nestle, Valor Economico, Renata Moraes Vichi, Laurent Freixe, Cade, John Revill, Friederike Heine, Janane Organizations: Nestle, REUTERS, Rights, Grupo CRM, Brasil, Advent International, Valor, Grupo, Thomson Locations: Konolfingen, Switzerland, Swiss, Brazil
☆ Nestle unveils $100 million Colombia investment to grow capacity
  + stars: | 2023-01-28 | by ( ) www.reuters.com   time to read: +1 min
BOGOTA, Jan 27 (Reuters) - Global food giant Nestle (NESN.S) is set to invest $100 million over the next three years in its Colombian operations, President Gustavo Petro said on Friday, part of his push to boost industrialization. The Colombian leader outlined the announcement in a post on Twitter late Friday. "Industrializing Colombia is essential if we want to get out of poverty," Petro wrote on Twitter. Nestle did not immediately respond to a request for comment. Reporting by Luis Jaime Acosta and Carolina Pulice; Editing by David Alire Garcia and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.
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