7 months Nestle turns to mothers after 150 years of selling infant formula MB |Biz
After spending more than a century selling baby formula, Nestle SA realized it’s neglected another potential customer: mom. The Swiss food giant is expanding its offering for expecting and lactating women to add products that it says will help reduce health risks related to motherhood. The business could generate $500 million to $1 billion in 10 years, according to Thierry Philardeau, head of Nestle’s nutrition business. That’s up from about $80 million now. “We want to be at the junction of food and pharma,” Philardeau said in an interview at the company’s headquarters in Vevey. “The potential is huge.” ... more