Thursday 25 April 2024
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Nestlé

Nestlé reorganizes infant nutrition, announces changes to Executive Board

Desk3 -
VEVEY, Switzerland – The Nestlé Board of Directors has decided to change the organization of the infant nutrition business at Nestlé to enhance further...
Sustainability

Nestlé again earning a place in the annual CDP Climate A List

Desk3 -
Nestlé has been recognized as a global leader for its response to climate change, again earning a place in the annual CDP Climate A...
Companies

Nestlé reports slight decline (-0.4 percent) in nine-month sales for 2017

Desk3 -
VEVEY, Switzerland – Nestlé reported on Friday their nine-month sales for 2017. Organic growth reached 2.6%, with 1.8% of real internal growth (RIG) and...
Companies

Nestlé details value creation plans at annual investor seminar in London

Desk3 -
VEVEY, Switzerland – At its investor seminar today in London, Nestlé will present its strategy for sustainable value creation. The company will detail how it...
Companies

Nestlé acquires majority interest in U.S. coffee chain Blue Bottle Coffee

Desk3 -
VEVEY, Switzerland – Nestlé announced yesterday that it has acquired a majority stake in Blue Bottle Coffee, a high-end speciality coffee roaster and retailer...
Companies

Nestle H1 sales growth flattens, Nespresso still a key growth driver

Desk3 -
MILAN – Swiss food group Nestle reported slightly better than expected earnings for the first half of 2017, but failed to deliver an expected rebound in sales growth. The Vevey-based group said on Thursday net profit rose 19 percent to 4.9 billion Swiss francs in the first six months of the year ...
Companies

Nestlé opens Quirino province coffee buying station in the Philippines

Desk3 -
MANILA, Philippines – A Nestlé satellite coffee buying station was recently opened in Diffun, Quirino province in North Luzon to enable producers in the area to sell their green coffee beans with greater convenience consistent with prevailing world market price. Nestlé coffee buying stations in the country are all located strategically ...
Chocolate

Nutella maker rumoured to be targeting Nestlé’s sweet confectionery

Desk3 -
MILAN – Ferrero SpA, the maker of Nutella spread, and the third biggest chocolate producer and confectionery company in the world, has the sweet snack division of Nestlé U.S. in its sights, according to reports. For Ferrero, this would be an unprecedented attack on the lucrative U.S. market as well as its biggest takeover in its history ...
Companies

Nestlé outlines value creation model including strategic growth priorities

Desk3 -
VEVEY, Switzerland – Nestlé has announced another step forward in the implementation of its comprehensive value creation model. Early in 2017, the company’s management, together with the Nestlé Board of Directors, initiated a comprehensive review of the company’s capital structure and priorities to support and enhance its ability ..
Companies

Nestlé plans huge share buyback after activist launches assault

Desk3 -
ZURICH – Nestlé SA said Tuesday it plans to buy back up to CHF20 billion worth of shares over three years, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company. The New York-based hedge fund, controlled by billionaire investor Daniel Loeb, disclosed ...
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