date:Aug 07, 2013
the financial crisis.
Vontobel analyst Jean-Philippe Bertschy, said Nestle might instead keep its holding as it waits for a suitable big takeover target to emerge. Last year, Nestle took over Pfizer's (PFE.N) baby food unit for $11.85 billion.
The buy-side analyst said a focus on more profitable businesses like pet food and infant formula, where sales grow faster than the average for the group, would help Nestle weather the tough trading environment.
Its Nespresso portioned coffee, which has