Nestlé Weighs Reducing Exposure to Ice Cream, Revamps Board (1)

Nestlé SA is considering further reducing its footprint in the ice cream business, as new Chief Executive Officer Philipp Navratil reviews the company’s sprawling operations, people with knowledge of the matter said.

The Swiss food giant has been studying possibilities including cutting its stake in Froneri, an ice cream joint venture with private equity firm PAI Partners which includes brands like Häagen-Dazs and Mövenpick, according to the people. It could also consider selling some of its remaining fully-owned ice cream operations to the Froneri venture, one of the people said.

Deliberations are ongoing and there’s no certainty a deal will ...