Word: brabeck
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...nutrition division as of April 1 in the U.S. and globally on Jan. 1, 2006. The unit will include everything from baby formula to PowerBars. In 2004, four years after Nestlé bought the PowerBar brand, nutrition products brought the company more than $4 billion in global sales. "CEO Peter Brabeck was on a nutrition kick long before it was fashionable," says Prudential analyst John McMillin, "but now there's a greater focus on it." In April, PowerBar is launching Triple Threat, designed to taste better than earlier iterations of the energy bar. It's not alone: since 2003, Nestl?...
...Because the government - backed program could help the banks free up sorely needed capital, German politicians hope the plan will spur lending to small - and medium - sized German businesses, which have been hit hard by the recent downturn. THE BOTTOM LINE A difficult quarter, aggravated by late Easter PETER BRABECK, chief executive of Swiss consumer - foods giant Nestlé, blaming a tardy Easter Bunny as one of the reasons for the company's 7.5% fall in first - quarter sales
...PETER BRABECK-LETMATHE Nestle's Very Best...
When Nestle and CEO Brabeck-Letmathe, 57, get hungry, they crunch on companies. Over the past 20 months, Nestle, based in Vevey, Switzerland, has bought five food entities worth more than $16.5 billion. Aggressive U.S. expansion helped first-half profits rise 79%. Next up: a possible $12 billion joint bid with Cadbury Schweppes for Hershey Foods...