Word: nestling
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...Swiss Chef Nestlé, the world's largest food company, has taken another bite out of the U.S. market. The Swiss giant acquired frozen-snack maker Chef America for $2.6 billion...
INDICATORS But Are They Fattening? The European Commission gave clearance to French cosmetic company L'Oréal and Swiss food giant Nestlé to market food products designed to improve the appearance of hair, nails and skin. The beauty snacks could hit the shelves as early as next year. What's next, nail polish that can cure the common cold...
...second inning of spin-off activity, while the U.S. is already in the sixth or seventh," says Mark C. Minichiello, principal at Spin-off Advisors in Chicago. "The trend in Europe is definitely picking up. There will be a lot more demergers." Indeed, companies as diverse as Diageo, Nestlé and Deutsche Telekom are contemplating at least partial separations from ill-fitting divisions...
...manager, who in turn leased them back to the new, independent Woolworths. The third option is the carve-out. That's when a parent company floats a portion of a division in an initial public offering (IPO), retaining the lion's share for itself. That's what Switzerland's Nestlé has planned for Alcon, its U.S. eye-care unit. Nestlé expects to float nearly 25% of it in a $2.3 billion ipo this week. And Deutsche Telekom wants to offer part of its wireless operation, T-Mobile, in an ipo later this year, possibly raising $8.76 billion...
Minichiello of Spin-off Advisors says carve-outs enable parent companies to establish a division's market value, a particularly useful exercise if they plan to bail out of it altogether in a few years. Nestlé insists that it has no plans to sever all ties to Alcon, though analysts still expect the food giant to untether the eye-care group eventually. As for Deutsche Telekom, it won't be Europe's first long-distance operator to unload a wireless unit. British Telecom last year spun off mm02, and France Telcom floated a piece of its Orange mobile unit...