PAI Partners in discussions with investors for additional funding for Nestlé joint venture
Private-equity firm PAI Partners is reportedly in discussions with investors for a new fund to house its 50% stake in the Froneri ice cream joint...
Tag : Nestlé
Nestlé’s Strategy for Growing its Presence in the Cold Coffee Market
The cold coffee trend in the food and beverage industry is gaining momentum, driven by consumers who are becoming more adventurous in their coffee choices....
Nestlé Bounces Back with Spring-Loaded Sales Rebound Following Decline in US Market
Nestlé expects its “real internal growth” to bounce back after a decline in the first quarter of 2024. The key RIG metric, which excludes pricing...
Nestlé to reduce workforce at its German headquarters
Nestlé is set to reduce its workforce at its German head office in Frankfurt, with plans to cut “slightly more than 100” staff out of...
Nestlé shareholders refuse proposal for healthier product initiatives at AGM
At the recent Annual General Meeting (AGM) of Nestlé, shareholders rejected a proposal to increase the quantity of healthier products in the company’s portfolio. The...
Nestlé criticized for hypocrisy in sugar content of baby formula and cereals
In a recent report, it was revealed that Nestlé adds sugar and honey to specific brands of infant formula and breakfast cereals in lower-income countries,...
Indian court dismisses government’s claim in Nestlé Maggi case
India’s consumer court has recently cleared Nestlé of government allegations of “unfair trade practices” in relation to the lead contamination scandal that shook the Maggi...
Nestlé plans a $130 million investment in sustainability practices for African suppliers
Nestlé, a Swiss giant in the food and beverage industry, is committed to investing R2.5bn ($131m) over the next five years in its collaboration with...
Shareholder Resolution Challenges Nestlé’s Health Credentials
A coalition of Nestlé shareholders is requesting the company to significantly enhance its offering of healthy food products. The investors, organized by investment advocacy group...
Nestlé sells its dairy and juice businesses in Ecuador to Grupo Gloria
Nestlé has made a strategic decision to exit the dairy sector in Ecuador by partnering with Latin American food company Grupo Gloria. This move involves...