Nestle to refocus on core business, CEO says

Freixe, who took the helm of the company in September, told the newspaper he did not see the merits of slimming down the company's portfolio, except in segments where Nestle was not in a position to win. In another interview earlier this week, Freixe said Nestle was recovering market share in the U.S. despite concerns stemming from the Trump administration's imposition of tariffs on its key trading partners last month.