Nestle weighs reducing exposure to ice cream business, Bloomberg reports

Nestle (NSRGY) is considering further reducing its footprint in the ice cream business, as new Chief Executive Officer Philipp Navratil reviews the company’s sprawling operations, Bloomberg’s Prinesha Naidoo, Ruth David, Swetha Gopinath and Allegra Catelli report, citing people with knowledge of the matter. The Swiss food giant has been studying possibilities including cutting its stake in Froneri, an ice cream joint venture with private equity firm PAI Partners which includes brands like Haagen-Dazs and Movenpick, according to the people. It could also consider selling some of its remaining fully owned ice cream operations to the Froneri venture, one of the people said.