Nestle sells Yinlu business in China amid portfolio cleanup

📆 25/11/2020 12:10 م
📰 Reuters

⏱ Reading Time:
10 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 97%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Nestle has agreed to sell its Yinlu peanut milk and canned rice porridge businesses in China to Food Wise Co Ltd, a company controlled by the family of Yinlu founder Chen Qingshui, the world's largest packaged food group said on Wednesday.

FILE PHOTO: The company's logo is seen at a Nestle plant in Konolfingen, Switzerland September 28, 2020. REUTERS/Arnd Wiegmann

The deal covers all of Yinlu’s operations, including its five factories in Fujian, Anhui, Hubei, Shandong and Sichuan. Yinlu brands had sales of 700 million Swiss francs in 2019.

اكتب تعليق

They better clean up more than that

Break up Nestle Break up Nestle Break up Nestle Break up Nestle Break up Nestle Break up Nestle Break up Nestle Break up Nestle

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

مصر أحدث الأخبار, مصر عناوين