Food and Beverage Business

Nestlé supports food delivery startup Wonder Group

Nestlé supports food delivery startup Wonder Group Nestlé Food and Beverage Business

Nestlé has recently entered a “strategic partnership” with UK-based direct-to-consumer business Wonder Group, a move that will provide innovative and new-to-market solutions for customers in the food and beverage industry. The partnership will help scale operations, improve food quality, drive labor efficiencies, and open up additional revenue streams, as customers seek ways to enhance their businesses post-pandemic.

According to a Nestlé spokesperson, the financial terms of the deal were not disclosed, but reports indicate that the Swiss giant is set to invest $100 million in the partnership. The collaboration is expected to result in Nestlé producing pizza and pasta tailored for Wonder’s kitchen equipment, as well as selling the equipment to clients.

Melissa Henshaw, the senior vice president for Nestlé’s Solutions Lab, shared that the partnership with Wonder presents an opportunity to help operators across various out-of-home segments improve their food quality and consistency while opening up additional revenue streams. This change follows Nestlé’s decision to combine its two foodservice businesses – Nestlé Professional and Solutions Lab – into one business to take advantage of the recovery in the out-of-home channel.

Wonder Group has recently acquired meal-kit company Blue Apron for around $103 million and developed kitchen equipment for cooking “restaurant-quality” food. Blue Apron transferred its listing from the New York Stock Exchange to the Nasdaq bourse and released second-quarter results showing widened net losses.

Additionally, Nestlé spun off its Freshly meal-kit e-commerce delivery business into a joint venture with private-equity firm L Catterton and established its position in e-commerce with the acquisition of UK recipe-kit company SimplyCook.

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