Food giant behind Nescafe, KitKat and Purina makes huge admission on why its products aren't selling
Nestle - one of the world's biggest food and drinks firms - has shocked Wall Street by revealing a big drop in sales this year. The maker of Nespresso and Nestle coffee, Purina and Felix pet food, Lean Cuisine and Stouffers ready meals, San Pellegrino water and DiGiorno pizza said sales are down 2.4 percent for the nine months to the end of September. On a company of this scale, such a decline amounts to tens of millions of jars of coffee, pouches of pet food and pizzas that Americans have left on shelves and in freezers.
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