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Nestlé will sell its mainstream vitamins and supplements business, including Nature’s Bounty and other brands, to Yellow Wood Partners for $1 billion as CEO Philipp Navratil focuses the company on higher-growth pillars. The deal, expected to close in the first half of 2027, will help reduce leverage and free resources for Nestlé’s core growth areas, with the VMS unit being restructured under dedicated ownership as part of a broader portfolio transformation.