date:May 09, 2014
the $1 trillion food and beverage sector.
That creates headaches for Vevey, Switzerland-based Nestle, whose coffee business has slowed of late after driving revenue and margin expansion for much of the past decade. Sales growth at the unit that includes most of the coffee portfolio has halved, while the single-serve Nespresso division has lost market share to copycats in Europe and failed to make a dent in the US.
Nestle now has proper competition just at a time when theyre struggling, Jonny