Nespresso CEO say IPO not planned for unit
Nespresso, the Swiss coffee capsules unit of listed Swiss food and beverage company Nestle, expects to remain as part of the group, Sonntagszeitung reported. Asked in a wide ranging interview whether an IPO for Nespresso is planned, Nespresso Chief Jean-Marc Duvoisin told the Swiss weekly the unit profits greatly from being part of the Nestle group, and, as in his opinion much of Nespresso's success is due to Nestle, an IPO is not on the cards.
Source Sonntagszeitung