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Nestle Puts Skin-Health Unit Up for Possible $8 Billion Sale -

BNN Bloomberg

(Bloomberg) -- Nestle SA Chief Executive Officer Mark Schneider took another step toward sharpening the food giant’s portfolio, putting the company’s skin-care business with sales of 2.7 billion Swiss francs ($2.8 billion) on the block. The maker of Nescafe and KitKat said Thursday it opened a strategic review of its skin-health unit that should be complete by mid-2019. A sale could fetch as much as 8 billion francs, estimates Alain Oberhuber, an analyst at MainFirst...

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