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The company may have saddled more of the price burden on consumers than they could bear amid the soaring cost of living. “Perhaps we went a bit too far with prices. That needs to be rolled back.
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In February 2024, it was announced Nestle is expanding manufacturing capacity in India and increasing investments — the company will invest between ₹60-65 billion ($723–783 million) from 2020 to 2025. [89] In August 2024, Nestlé announced Schneider would leave his position as CEO and be replaced by Laurent Freixe on September 1, 2024. [90]
The KitKat and Shreddies maker said it has already increased prices by more than 5% over the first three months of 2022. Nestle expects to hike prices further as inflation grows Skip to main content
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Before this change, it was the SMI constituent with the highest price per share. April 2019: Julius Bär replaced by Alcon after a spin-off (5:1) from Novartis. [23] September 2020: Adecco replaced by Partners Group after the ordinary index review. [24] May 2021: LafargeHolcim renamed to Holcim. September 2021: Swatch Group was replaced with ...