Nestlé's global recall of infant formula products could cause the company to lose up to CHF 1.2 billion in sales and risk damage to its brand's reputation. It's a major setback for new CEO Philippe Navratier — he's trying to restore investors' confidence in the Swiss food giant. Analysts at Jefferies Investment Bank estimate that about 1.3% of Nestlé Group's sales may have been affected by this incident, with a total potential loss of 1.2 billion Swiss francs. Barclays Bank analyst Warren Ackman gave similar estimates, believing that the potential impact of this incident on the Group's sales was between 0.8% and 1.5%. Since this year, Nestle's stock price has dropped 4.6% cumulatively.

Nestlé's global recall of infant formula products could cause the company to lose up to CHF 1.2 billion in sales and risk damage to its brand's reputation. It's a major setback for new CEO Philippe Navratier — he's trying to restore investors' confidence in the Swiss food giant. Analysts at Jefferies Investment Bank estimate that about 1.3% of Nestlé Group's sales may have been affected by this incident, with a total potential loss of 1.2 billion Swiss francs. Barclays Bank analyst Warren Ackman gave similar estimates, believing that the potential impact of this incident on the Group's sales was between 0.8% and 1.5%. Since this year, Nestle's stock price has dropped 4.6% cumulatively.