Nestle Europe chief sees little impact from hard Brexit
“We don’t see any disruption in the business,” he told an investor conference, noting most of Nestle’s UK businesses were self-sufficient. “I don’t believe there will be a crisis, but we can go on in a hard Brexit scenario.”
Britain is Nestle’s fifth biggest market, with sales of 2.9 billion Swiss francs ($2.92 billion) in 2018.
Nestle sees only a “very limited effect” on its British business from the country’s departure from the European Union, the Swiss food giant’s European head Marco Settembri said on Tuesday.