date:Apr 16, 2014
thers. To fuel growth, it recently launched a large-cup coffee maker for North America.
Like some of its peers, Nestle is reviewing its portfolio to get rid of underperforming brands that has already led to the divestiture of the bulk of its Jenny Craig weight management business and its PowerBar energy bars.
Nestle shares, which have gained 2.5 percent so far this year, are trading at around 19 times forward earnings, in line with rivals Danone (DANO.PA) and Unilever (UNc.AS) (ULVR.L).
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