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Nestle overhauls executive team as sales slump
Nestle overhauls executive team as sales slump
Business and Economy
by  AFP

Nestle's new CEO lowered sales growth expectations for 2024 and announced a leadership reshuffle on Thursday in what one analyst described as a "painful reset" for the global food giant. The global packaged-food giant and its rivals had logged high sales growth in the past three years as they raised prices to make up for higher costs due to soaring inflation.