22
Feb
London, Ontario (Rajeev Sharma): In a strategic shift to simplify its global portfolio, Nestlé has announced it is in advanced negotiations to sell the remainder of its ice cream business to Froneri, its long-standing joint venture partner. The deal, which includes operations in Canada, Asia, and parts of Latin America, marks a definitive move by the Swiss food giant to exit the direct management of a category it now deems a "distraction." The potential sale specifically impacts the Canadian market, including the significant production facility in London, Ontario. Employing over 750 people, the London plant on Wilton Grove Road has…