Nestle CEO Says Middle East Conflict Is Driving Cost Inflation; Company Is Mitigating Some Costs And Reducing Some Product Lines; Company Is Not Only Selling Businesses, But May Buy Brands
– Comments at investor conference
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Why It Matters
Nestle says fighting in the Middle East is making ingredients cost more money. The company is trying to save money by cutting some products and possibly buying other brands to stay strong.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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