Nestlé to Shed Ice-Cream Business in Shake-Up

Shares in Nestlé rose Thursday. - Denis Balibouse/Reuters Nestlé said it would offload its remaining ice-cream business and pull back from a raft of brands as part of a broader plan to revive the packaged-food giant’s fortunes. The maker of KitKat chocolate bars and Nescafé coffee is pursuing a turnaround under new Chief Executive Philipp Navratil after a string of setbacks, weaker-than-expected results and management upheaval in recent years. Most Read from The Wall Street Journal On Thursday, Navrat ...