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Nestle SA To Sell Jenny Craig As Part Of Divestiture Push-Reuters

Wednesday, 9 Oct 2013 05:00am EDT 

Reuters reported that Nestle SA is looking to sell its Jenny Craig diet business and is speaking to a small group of potential buyers about the brand. The sources, who declined to be identified as talks are private, said on Tuesday that Nestle was working with Goldman Sachs on the sale process. The potential sale comes after the Company said last week that divesting low-performing businesses was a top strategic priority. CEO Paul Bulcke said that some businesses had been a drag for too long. 

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-0.168 -0.30%
12:41pm EDT