#q3-sales

#q3-sales

Philipp Navratil, who took over after Laurent Freixe was ousted for hiding a relationship with a subordinate, increased Nestlé's target for cost savings to 3 billion Swiss francs ($3.7 billion) by the end of 2027, from 2.5 billion francs. The moves indicate the new CEO is sticking with his predecessor's broader strategy, which included reviews and possible sales of underperforming units.