date:Jun 05, 2014
Nestle has less tolerance for underperforming food brands as its focus shifts to more scientific businesses such as medical nutrition and skin health that require deeper investments.
Paul Bulcke, chief executive of the world's largest packaged food group, said on Wednesday its newer businesses, which include injectable wrinkle treatments, were more complicated than food and therefore required greater resources.
That's a little bit the tension I have, said Bulcke, who has led the Swiss company