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Home > Latest

Just one year into his term! Nestle (NSRGY.US) CEO was suddenly dismissed due to an office romance.

date
02/09/2025
According to the IDinvest app, global food giant Nestle (NSRGY.US) announced on Monday that it has fired its CEO, Laurent Freixe, for not disclosing a romantic relationship with a subordinate. This dramatic change happened just one year after he took office.
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Expensive stocks fell in the afternoon, with Dekeli dropping more than 13%, Huicheng Vacuum, Tianfu Communications, and Dingtong Technology all falling over 11%, Taichenguang falling over 10%, and Lexin Technology and Oulutong falling over 9%.
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According to a senior executive of Japan's largest banking group, Mitsubishi UFJ Financial Group, the group plans to launch a 100 billion yen fund to invest in Japanese real estate. This is the latest case of a real estate fund being issued in Japan this year, as property prices are rising and the central bank hopes to further raise interest rates from their still ultra-low levels. This fund is different from the real estate fund announced by MUFG and Mitsubishi UFJ Trust and Banking in April, whose goal is to invest 100 billion yen in real estate over three years. Naoksu Uida, President of Mitsubishi UFJ Real Estate Asset Management, stated, "In a rising interest rate world, investors' expectations for returns are also increasing." Uchida said in an interview that this fund will focus on medium-sized office buildings, residential properties, and hotels in Tokyo, Osaka, and Nagoya. The fund will raise approximately 30 billion yen from institutional investors such as life insurance companies, banks, and corporations, with the rest being financed through debt.
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