I have always regarded Nestlé as a high quality company. They have a broad portfolio of high quality brands like Nespresso and a significant stake (20,1% as of this writing) in L'Oréal, which is a high quality company in its own right. That's why I was perplexed when I read the following in the 2024-half-year-report: …

Continue reading Nestlé’s Recent Destruction of Shareholder Value