The Spanish pet and veterinary company Cantabria Labs Stangest has now recruited Lluc Ferrer as Export and Private Label Manager. With this appointment, the company intends to drive forward its international expansion and strengthen its business with major customers through private labels.
Ferrer brings with him more than 20 years of experience in the Spanish and international pet industry. He began his career in the family wholesale business and later founded his own distribution company dedicated to importing exclusive brands for the Spanish pet market. Most recently, Ferrer held various positions in one of the largest pet distribution companies in Spain.
Ferrer was also President of the Spanish trade association AEDPAC from 2016 to 2021 and was one of the driving forces behind the B2B trade fair Iberzoo+Propet in Madrid.
In the updated outlook for the full year 2024, Nestlé CEO Laurent Freixe expects organic sales growth of around 2 per cent and an underlying operating profit margin of around 17.0 per cent. “Consumer demand has weakened in recent months and we expect this environment to remain subdued,” explained Freixe.
The Group's sales were “impacted by subdued consumer demand and consumers' reluctance to buy global brands in the context of geopolitical tensions”. In addition, growth in the third quarter was slowed by measures to reduce customer inventories, particularly in North and South America. In terms of regions, organic growth was driven by the emerging markets and Europe, which more than compensated for the slight decline in North America.
