Nestle to sell ice cream in CEO's streamlining push

LONDON, U.K.: Nestle is moving to divest its remaining ice cream businesses as new CEO Philipp Navratil presses ahead with efforts to simplify the Swiss food giant's portfolio.

The company said, alongside its fourth-quarter results, that it is in advanced discussions to sell its ice cream operations in Asia, Canada, and parts of Latin America to the owner of Häagen-Dazs,