India, Sept. 8 -- Nestle has agreed to divest its mainstream Vitamins, Minerals and Supplements (VMS) business to Yellow Wood Partners for $1.0 billion (CHF 0.8 billion). The transaction is subject to applicable regulatory approvals and is expected to close by the first half of 2027.

"This is another important step in the strategic transformation of our portfolio," said Philipp Navratil, CEO, Nestle. "We are focusing our resources where we have the strongest competitive advantage. With Nestle's strong innovation and brand-building capabilities, we are well positioned for growth in the premium, science-led VMS space, where brands such as Solgar and Pure Encapsulations continue to perform strongly. At the same time, the category has evolve...