Why Nestlé will defy the consumer breakup trend

Philipp Navratil, CEO of Nestle Nespresso S.A., poses for a photo at an unknown location in this handout image obtained by Reuters on September 2, 2025. William Gammute/Nestle/Handout via… Read more

DUBLIN, July 21 (Reuters Breakingviews) – Unilever is ‌splitting itself apart and Kraft Heinz considered it. Analysts have asked the obvious ​question of the $274 bln KitKat-to-kibble ​conglomerate. Yet Nestlé’s high multiple, and ⁠thin dividend cover, are good reasons ​for CEO Philipp Navratil to keep ​the Swiss group intact.

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Editing by Liam Proud; Production by Streisand Neto

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Aimee joined Breakingviews in 2017 and writes about pharmaceuticals, consumer goods groups, retail and insurance. She is also co-host of the Breakingviews podcast The Viewsroom. Based in Ireland, she previously spent three years at The Sunday Times as banking correspondent. Prior to that, she was a senior reporter covering the bond market at IFR, a financial trade publication published by Thomson Reuters. She holds a degree in English and History from the National University of Ireland, Galway, and a diploma in journalism from the London School of Journalism.