date:Dec 09, 2013
Nestle was selling its 10 percent stake in Swiss fragrance and flavour maker Givaudan on Friday for as much as 1.08 billion Swiss francs ($1.20 billion), as it concentrates resources on its core food businesses.
The world's biggest food group cut its sales outlook earlier this year and said it would dispose of underperforming businesses to slim down its sprawling portfolio which spans Perrier bottled water, KitKat chocolate and Gerber baby food.
Nestle is confirming its intention of better all