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Another Divestment from Nestle

After selling Jenny Craig a few months ago, Nestle SA (VTX:NESN) is back again with another divestment. The food giant will sell its entire 10 interest in Givaudan, a flavors and fragrance maker. Givaudan is valued at $1.3 billion. Nestle wants to streamline operations and focus on profitable generating brands. Nestle will continue to get rid of underperforming business units. In recent years, Nestle has been weighted down by previous acquisitions that didn’t strategically fix with the company. Throughout the year, Nestle shares have lagged behind competitors. In my opinion, the divestment strategic will bring Nestle back to the foreforth again.