Nestle to sell vitamins business for $1 billion

Swiss food manufacturer Nestlé plans to sell its mainstream vitamins and supplements business to United States private equity firm Yellow Wood Partners for $1 billion. The move comes as Nestlé CEO Philipp Navratil tries to streamline and turn around the Swiss foodmaker. The deal includes brands such as Nature’s Bounty, Osteo Bi-Flex and Puritan’s Pride alongside the US private-label supplements business and its manufacturing and logistics operations. The sale is the latest effort by Navratil to…