Nestlé aims to heat up ice-cream market with sale of US business
Nestlé CEO Mark Schneider is selling slower-growing businesses to focus on pet food, water and coffee products
Zurich — Nestlé is selling its US ice cream business that includes brands such as Haagen-Dazs to a joint venture with private equity firm PAI Partners for $4bn.
The venture, Froneri, was created in 2016 when the Swiss company merged its European ice cream business with PAI-owned R&R. Now it is expanding to create a stronger challenger to Unilever, the global leader in ice cream with the Ben & Jerry’s and Magnum brands...