Nestle is stepping ahead towards sharpening the nutrition segment, transforming the health and wellness industry.
Nestle is focusing to explore strategic options for Nestle Skin Health. With the evolution happening in the health and wellness industry, Nasdaq Corporate Solutions is processing the step for bringing the transformation.
Recently, the board of directors assessed Nestle’s Nutrition, health and wellness strategy. The board confirmed the strategic direction on sharpening its focus on food, beverage, and nutritional health products. Further, the board expects to deepen the resource commitment, facilitating the implementation of a long-term value strategy.
The rise of scientifically based solutions
After the confirmation of the strategic approach inherited by Nestle, Nestle Skin Health will be providing science-based solutions to meet the demand of healthcare professionals, customers, and patients. The complimentary business unit is looking to include segments like prescription, aesthetics, and consumer care.
Nestle Skin Health has more than 5,000 employees across 40 countries under its name.
Paul Bulcke, Chairman of the Board, said: "Our Board has fully reconfirmed the value potential of Nestlé's Nutrition, Health and Wellness strategy. Sharpening our strategic focus on Nestlé's core food, beverage and nutritional health products offers the best opportunity for long-term profitable growth and is fully in line with the pursuit of our company's purpose.”
The demand for nutritional food and ventures to witness a rise
Nutritional food and ventures are going to soon witness a rise in their demand. Franchisors/Entrepreneurs related to the industry should prepare themselves with their offerings, attracting the customers.
Already, India is witnessing a staying fit trend, which is grabbing people’s attention. Entrepreneurs can certainly provide numerous new services to people, satisfying their demands with changing time.
Mark Schneider, Chief Executive Officer, added: "Nestlé Skin Health has made significant progress under its new leadership team over the past 2 years. The company has developed convincing growth strategies for each of its business units and regained a competitive cost structure.”
He further adds, “Now is the right time to explore the best ownership structure for Nestlé Skin Health and to consider ways of taking it to the next level."