Expansion

Nestlé and PAI Partners have entered into a joint venture. Source: FilippoBacci/Getty Images

Nestlé enters into pizza joint venture with PAI

By Augustus Bambridge-Sutton

Swiss multinational Nestlé has entered into a joint venture with private equity firm PAI Partners. The venture will focus on Nestlé’s frozen pizza brands in Europe. The company's pizzas already generate around CHF 400mn (€408.5mn) a year, but the...

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