Retail News

Hedge fund investor plans to shake up Nestlé

CNN Money 06/26/2017

Third Point, a hedge fund owned by activist investor Daniel Loeb, has acquired a 1.3 percent stake in Nestlé. The hedge fund has been critical of the consumer packaged goods giant’s management, claiming the company is “stuck in its old ways.” Third Point has called on Nestlé to sell its 23 percent stake in L’Oréal and to pursue deals to move non-core brands.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!