Slow growth in China leads Nestle to reduce yearly sales outlook
Maggi noodle recall in India had ‘significant impact’ on region
Food giant Nestle today lowered its full-year outlook as a Maggi noodle scandal continued to drag down third-quarter sales, according to Reuters.
The world’s largest packaged food company’s sales dropped 2.1 per cent to SFr64.9 billion (€60.6 billion) in the nine months to September, missing analysts’ forecast of SFr65.9 billion in a Reuters poll.
“After a good performance in the first half of the year we were impacted in the third...
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