this post was submitted on 20 Feb 2026
14 points (93.8% liked)

World News

24361 readers
149 users here now

Breaking news from around the world.

News that is American but has an international facet may also be posted here.


Guidelines for submissions:

These guidelines will be enforced on a know-it-when-I-see-it basis.


For US News, see the US News community.


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 4 years ago
MODERATORS
 

Nestlé is offloading the remainder of its ice cream assets as the world’s largest food company takes a larger review of its businesses in an aggressive push to turn around sales.

The CPG’s ice cream business outside the U.S. will be sold to Froneri “in a phased way,” Nestlé CEO Philipp Navratil said during an earnings call Thursday. Froneri, a joint venture created by the Swiss company and PAI Partners, acquired Nestlé’s U.S. ice cream business for $4 billion in 2019. Navratil said its remaining ice cream holdings are “strong but small,” adding that the segment is “a distraction for us” as the company chases larger growth opportunities.

top 2 comments
sorted by: hot top controversial new old
[–] MummifiedClient5000@feddit.dk 4 points 3 hours ago (1 children)

They really couldn't figure out how to kill children with ice cream?

[–] Toneswirly@beehaw.org 1 points 38 minutes ago

I really shouldn't laugh at this, but sometimes you have to laugh to keep from crying.