Business Mantra: Faridabad/ 03.08.2015
The hue and cry over Maggi is nearly over and Maggi is out of stores, As already reported in Business Mantra, the company NESTLE India is running in lot of problem due to steep downfall in sales and profit numbers. The Indian unit of Swiss food giant is facing worst crisis of the decade.
Nestle India had made a plan for damage control. As per the new plan the company will focus on growing market of other products like dairy items, coffee, confectionary items etc. however even for Maggi, company is in no mood to accept the defeat and company is challenging the regulator in court and trying to bring back Maggi on shelves.