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Nestle Management Under Continuous Investor Pressure

07/07/2018

Third Point, an investment group led by activist Dan Loeb, continues to place pressure on Mark Schneider, CEO of multinational Nestle.

Loeb, with a $3 billion shareholding, claims that Nestle is moving too slowly in divesting non-core brands. Schneider intends to sell 10 percent of the current range compared to the demand for a 15 percent divestment by Third Point. A major point of contention is the $32 billion minority investment in cosmetics manufacturer L’Oreal.

Concurrently with the sale of non-core brands, Schneider has been making strategic investments to assure long-term profitability including a deal with Starbucks and an intended purchase of Champion Petfoods, a major producer in Canada which would require a $2 billion investment.

It is noted that Nestle has consistently emphasized welfare in sourcing and has led the group of activists cooperating with E.U. agencies.


Dan Loeb, Thrid Point Investments