(Reuters)Nestle (NESN.S), the world’s biggest packaged food group, is doubling spending on its restructuring this year to up to 1 billion Swiss francs ($1 billion) to cope with its weakest sales growth in more than two decades. Europe’s largest company by market value is under pressure to improve returns from activist investor Daniel Loeb, whose Third Point hedge fund revealed a $3.5 billion stake in June.
Nestle Speeds Up Overhaul to Counter Slowest Growth in Decades
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