GST rate cut may sweeten margins for FMCG…

[ad_1] Recent reductions in GST are expected to enhance FMCG consumption through increased disposable incomes, more effective promotions, and additional grammage in smaller packs; larger packs will benefit from price reductions and promotions, according to…

European Stocks Drop as CEO Ouster Hits Nestle;…

[ad_1] European equities dropped, weighed down by Nestle SA after the world’s largest food company dismissed its chief executive officer. Investors awaited key US job data later this week for clues about a potential Federal…

Nestle sacks CEO after affair probe: What we…

[ad_1] Nestle has fired its CEO Laurent Freixe after an investigation into his “undisclosed romantic relationship” with a subordinate was found to have breached the company’s code of conduct. Laurent Freixe was dismissed as the…

Nestle fires boss after relationship with employee

[ad_1] Nestle has fired its chief executive after just one year in the job because he failed to disclose a "romantic relationship" with a "direct subordinate".The Swiss food giant, which makes Kit Kat chocolate bars…