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Nestle buys minority stake in U.S. ready meals group Freshly
Nestle (NESN.S) said on Tuesday it has acquired a minority stake in US group Freshly, a provider of direct-to-consumer freshly prepared meals, its latest step to improve the health profile of its sprawling portfolio. Nestle said last week it may sell its roughly $900 million-a-year US confectionery business, which includes Butterfinger and BabyRuth. Nestle USA Chairman and CEO Paul Grimwood said consumers still bought most food in supermarkets but were increasing turning to DTC options.
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