Nestlé Sells U.S. Ice Cream Business To Joint Venture Froneri

Nestle is selling its US ice cream business to Froneri for $4 billion to revitalize its market share, which has declined from 19% in 2010 to 15% recently. Froneri, a joint venture with PAI Partners, has become a major player in the ice cream industry, operating in 20 countries. Nestle aims to replicate Froneri's success in the US market, which is valued at $11 billion. Despite strong competition from Unilever, Nestle is optimistic about achieving global leadership in ice cream. The sale is expected to close in early 2020, with Nestle retaining its ice cream operations in Canada, Latin America, and Asia.

What was the primary reason for Nestle selling its ice cream business to Froneri?

• To revitalize the business after a market share decline

• To focus on other food products

• To merge with Unilever

• To exit the ice cream market completely

What significant achievement has Froneri accomplished since its creation?

• It has expanded to 20 countries

• It has acquired Unilever's ice cream division

• It has stopped operations in Europe

• It has become the largest ice cream company in the US

What is the estimated value of the ice cream industry in the US?

• $4 billion

• $11 billion

• $20 billion

• $15 billion

Which company is a major competitor to Nestle in the US ice cream market?

• Froneri

• Ben & Jerry's

• Unilever

• Dairy Queen

When is the sale of Nestle's ice cream business to Froneri expected to be finalized?

• By the end of 2020

• In mid-2020

• In the first quarter of 2020

• By the end of 2019