In the article, Nestle Purina's Chief Executive W. Patrick McGinnis said sales in Latin American countries like Brazil are growing at nearly 20% a year, as incomes of pet owners rise. McGinnis also said Nestle is hiring more salespeople and pursuing acquisitions to strengthen its Latin American business. According to the article, Nestle reported nine-month sales growth and a total revenue of US$85.4 billion, helped by gains in emerging markets like Latin America.
By Lindsay Beaton
As work continues on creating a new nutrition label that focuses on simplifying information for consumers, challenges remain.
By Tang Yu