Nestle, the world's largest packaged food company, said it plans to abandon...
FILE PHOTO: The Nestle logo is seen during the opening of the 151st Annual General Meeting of Nestle in Lausanne, Switzerland April 12, 2018. REUTERS/Pierre Albouy/File Photo
Instead of delivering frozen pizzas and ice cream directly to stores, Nestle said, it will switch to the network of warehouses it already uses for frozen meals and snacks. Nestle said its plans would mean a one-time cost of about $500 million, and a one-time negative sales impact of about $450 million.
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