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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 ...
Companies

Nestlé inaugurates CHF 145 million Nescafé, Maggi factory in Dubai

Desk3 -
DUBAI, United Arab Emirates – Nestlé has today inaugurated its new Al-Maha factory in Dubai, producing Nescafé coffee and Maggi cooking aids for the local and regional market. Now operating at full capacity, the site employs 340 people from 20 countries. 60% of the team are under 30 years of age.
Companies

Nestlé announces new EUR 37 million investment in Girona plant, Spain

Desk3 -
GIRONA, Spain – Nestlé, the food multinational firm, will make a new investment of 37 million euros in its Nescafé factory in Girona. The aim of the company is to continue developing its production capacity for instant coffee. This new money injection will create a new production line.
Companies

Nestlé reports solid sales growth, confirms 2017 full-year guidance

Desk3 -
VEVEY, Switzerland – Nestlé reported today three-month sales for 2017. Highlights include a 0.4% increase in sales and a solid organic growth at 2.3% with 1.3% of real internal growth (RIG) and pricing of 1.0%. Sales were reduced by foreign exchange (-0.4%) and net divestments (-1.5%).
Companies

NESCAFÉ wins three well-known awards for quality and market leadership

Desk3 -
BANGKOK, Thailand – Mr. Vladislav Andreev, Business Executive Officer – Coffee and Creamer Business Unit, Nestle (Thai) Ltd., together with NESCAFÉ executives, celebrates NESCAFÉ's success as the most-admired leader in the Thai coffee market. NESCAFÉ recently received three well-known awards.
Companies

Nestlé takes to the Nairobi streets with new Nescafé 3in1 sachet

Desk3 -
NAIROBI, Kenya – Food and drinks company Nestlé Kenya has launched a reformulated 3in1 sachet by giving out free coffee in the streets of Nairobi’s Central Business District, in a move that comes as part of a surge in street marketing by Kenyan brands. In the last year, spending by Kenyan brands on OOH (out-of-home) marketing ...
Chocolate

Nestlé, Paul Bulcke elected new chairman as Peter Brabeck steps down

Desk3 -
LAUSANNE, Switzerland – The annual review and accounts were approved at the Nestlé S.A. Annual General Meeting yesterday (Apr 6) where 2,705 shareholders representing 55.6% of the capital and 76.8% of the shares, gathered in Switzerland. Approving the proposed dividend of ...
Companies

Nestle considering setting up manufacturing plant in Ethiopia, says report

Desk3 -
ADDIS ABABA, Ethiopia – Operating over 2,000 brands across the world with one billion units’ sales annually, Nestle announced that it is considering Ethiopia to be one of its manufacturing destinations in the coming years although a final decision is yet to be made on setting up the manufacturing plant, according to FBC.
Companies

Nescafé launches reformulated 3in1 to tap into Kenya’s coffee thirst

Desk3 -
NAIROBI, Kenya – Nestlé Kenya has launched a new reformulated NESCAFÉ 3in1 giving the product a creamier taste in a move to tap into the increased coffee consumption by youth and the emerging urbanised middle class in the country. NESCAFÉ has been at the forefront in encouraging Kenyans to drink their own coffee for the last 50 years.
Companies

Nestle Thai stirs coffee market with the launch of new Nescafe formulas

Desk3 -
BANGKOK, Thailand – Nestle Thai Ltd, the distributor of Nescafe coffee, is set to shake up Thailand's premium coffee market with the launch of new Nescafe formulas for young coffee lovers in an attempt to boost premium coffee consumption. Vladislav Andreev, business executive manager for coffee and creamer business at Nestle Thai ...
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