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Nestle announces $2.8 billion cost-cutting plan, ramps up marketing to boost growth under new CEO

Nestle announces $2.8 billion cost-cutting plan, ramps up marketing to boost growth under new CEO

Nov 20, 2024, at 05:44 am

Nestle plans to ramp up marketing efforts, cut costs by at least $2.8 billion by 2027, and reorganize its premium drinks and water businesses into a separate global unit to accelerate growth under new CEO Laurent Freixe, Reuters reported.