Anglo-Dutch Unilever said growth “slowed a little” in China during the third quarter, while Nestle said its sales performance in China was flat over the first nine months of the year. “We are seeing different dynamics between price points (in China),” Nestle finance chief Francois-Xavier Roger said. Unilever finance chief Graeme Pitkethly said sales growth at China’s bricks-and-mortar retailers slowed to 1% in the third quarter from 2% a year earlier. However, she said Pernod was still confident of achieving its mid-term sales growth targets in India and China. Both companies maintained their operating margin and sales targets for the year.

Source: bd News24 October 17, 2019 13:52 UTC