(MENAFN) Third Point took a share of USD3.4bn in Switzerland's Nestle and urged the globe's largest packaged-foods firm to find ways in order to enhance growth.
Furthermore, Third Point emphasized changes the consumer-goods giant could make, involving margins, innovating in its core business and selling noncore assets.
Accordingly, Nestle shares have underperformed most of their U.S. and European consumer staples peers on a three year, five year and ten year whole shareholder return basis.
However, Nestle has fallen behind over the past decade and while competitors have adapted to changes in how people shop and to more competition from small, local brands.
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