date:Apr 26, 2023
segments, with Infant Nutrition being the largest growth contributor.
Growth in zone AOA was driven by price hikes, improved mix and continued momentum of out-of-home channels. Nestl also saw market share gains in culinary, coffee and ice cream.
Business moves
Nestl, whose current pizza business in Europe is distributed under the Wagner, Buitoni and Garden Gourmet brands, recently formed a joint venture for frozen pizza brands in Europe with Pai Partners with the transaction expected to clos