Nestlé Sales Growth Weakens to Slowest in Decades


ZURICH—Sluggish U.S. demand limited Nestlé SA’s sales growth to its slowest pace in decades last year, underscoring the challenge facing the Swiss consumer goods giant as it tries to reposition itself as a nimble provider of healthy food and drinks.

Nestlé also said it is considering selling its Gerber Life Insurance business, continuing a string of changes to its sprawling portfolio, and said it doesn’t plan to raise its stake in cosmetics giant L’Oréal SA. Nestlé didn’t say whether it would consider reducing its stake.

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