Nestle Raises Investment in Brazil to $1.3 Billion by 2028
Swiss food giant Nestle said on Wednesday that it will invest 7 billion reais ($1.27 billion) in Brazil between 2025 and 2028, up from 6.3 billion reais in its previous cycle.
Nestle is expanding in key categories centered on its three main commodities and continues to explore the potential of franchises as a new business avenue.
"Practically all the businesses had a return on investment in line with the initial plan," Nestle's chief executive in Brazil, Marcelo Melchior, told Reuters, referring to the investment cycle that...
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