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Nestle's sales growth slows as Asia decelerates
date:Oct 18, 2012
Sales growth at foods giant Nestle eased to 6.1 percent in the first nine months of the year, just missing forecasts as consumers in Europe and North America continued to watch their spending and demand in emerging markets also slowed.

Underlying sales growth at the maker of KitKat chocolate bars and Maggi soup was down from 6.6 percent in the first half, with sales growth in Asia, Oceania and Africa slowing to 9.4 percent from 11.6 percent.

Interestingly, growth in the developed markets was s

12/23 01:19