Nestlé Targets Developing Nations for Bottled Water and Infant Formula
By Darcey Rakestraw On April 23, Nestlé announced it had purchased Pfizer’s infant nutrition unit, which will strengthen their ability to sell infant formula in emerging markets, particularly in Asia. The move is not surprising, since 85 percent of Pfizer’s infant nutrition revenues came from developing countries, where Nestlé is also looking to expand its … [Read more…]