date:Apr 29, 2016
Nestl and RR, an ice cream company based in the United Kingdom, have agreed to set up Froneria joint venture with sales of around CHF 2.7 billion in more than 20 countries employing about 15,000 people. Froneri will be headquartered in the United Kingdom and will operate primarily in Europe, the Middle East (excluding Israel), Argentina, Australia, Brazil, the Philippines, and South Africa.
The new company will combine Nestl and RRs ice cream activities in the relevant countries and will includ