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Activist investor presses Nestlé to simplify portfolio, sell stake in L’Oréal and increase buybacks
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Daniel Loeb’s Third Point Calls for More Change at Nestlé Vevey
Retry Close. Third Point, better known for targeting U. The investment ratchets up pressure on Nestle chief executive officer Mark Schneider after sales growth fell to the slowest pace Vevfy at least a decade and the stock price lagged behind other consumer giants in recent years.
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Activist hedge fund Third Point buys $3.5 billion stake in Nestle, eyeing opportunities in Europe
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