Nestle to reorganize its struggling waters business after organic sales growth slowed in the third quarter For more business coverage, follow ReutersBiz
) all pointed to slower progress in key Asian markets as a factor for muted sales growth over the last three months but for the time being are keeping targets intact.
Anglo-Dutch Unilever said growth “slowed a little” in China during the third quarter, while Nestle said its sales performance in China was flat over the first nine months of the year. Unilever finance chief Graeme Pitkethly said sales growth at China’s bricks-and-mortar retailers slowed to 1% in the third quarter from 2% a year earlier.“In India, we are going from very high rates of market growth to growth rates in the mid-single digits,” he added.
However, she said Pernod was still confident of achieving its mid-term sales growth targets in India and China.
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