From beacon of hope to problem child: Nestlé sells vitamin brands at billion-euro loss
Nestlé once had ambitious plans in the health business. The company's CEO Philipp Navratil is scaling them back.
Nestlé has sold its mainstream vitamins, minerals, and supplements business to US private equity firm Yellow Wood Partners for approximately 800 million Swiss francs. The deal includes seven brands, primarily sold in the US, including Nature's Bounty. The sale marks a significant shift away from Nestlé's ambitions in the health business, which had been championed by former CEO Mark Schneider.
Nestlé will retain its high-end vitamin brands Solgar and Pure Encapsulations, and will focus on products where it has a competitive advantage.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
