Nestle Sofia, the Bulgarian division of Swiss food giant Nestle,
has made a clear break into profitability, having announced a 70
per cent increase in its net profit for the 2003 period.
Nestle's Hungarian division has announced a disappointing set of
financial results for 2003. Despite the fact that sales grew
significantly, the division was hit by the continuing strength of
the Swiss franc.
Although growth has been rapid for Nestlé in the Russian
confectionery sector, there are a number of challenges to be
tackled in order to ensure future expansion - low per capita
consumption and ingredients supplies being the primary...
Demands for damages of around $6 million from the Ethiopian
government at a time when the country is facing famine have led to
a storm of protest against Swiss food giant Nestle. But the company
said it would invest the proceeds of...
Is the phrase 'Have a Break' inextricably linked to the KitKat
confectionery brand? Well, no, at least according to the UK High
Court and US confectionery group Mars. But Nestle, the Swiss maker
of KitKat, is set to continue...
Cadbury-Schweppes and Nestle are reported to have struck agreement
on the brands and assets each would undertake if their joint bid
for Hershey Foods is accepted.
Shares in food giant Nestle jumped 2.8 per cent on Wednesday as
investors bet a US court would intervene in the sale of Hershey
Foods, reducing the odds that Nestle would overpay for the
chocolate icon.
Food giant Nestle said on Monday that a closely watched court
hearing on delaying the planned sale of US chocolate maker Hershey
is unlikely to be the last word in the controversial transaction.
Nestle and Cadbury, the two European confectionery giants, are
reported to be discussing a joint bid for Hershey, the US chocolate
maker. But while a joint bid is unlikely, both firms could profit
from the sale.
Food giant Nestle yesterday moved to quell market speculation it
was poised to launch a top-dollar bid for US chocolate maker
Hershey Foods, suggesting it would only pursue deals that met
certain growth and cost criteria.
Food conglomerate Nestle has emerged as the favourite to win a
multi-billion auction for American chocolate icon Hershey Foods
although investors took a cautious approach to reports a firm offer
was already on the table.
First-half net profits at the world's largest food and beverage
group, Nestle, rose 79.4 per cent to SF5.66 billion (€3.9 billion),
the group said on Wednesday, boosted by the partial initial public
offering of its eye care unit...
Choglit - no, not the name the European Commission wants producers
of non cocoa-butter chocolate to adopt but the name of a new drinks
brand produced jointly by Coca-Cola and Nestle and launched in the
US earlier this month.
Swiss food giant Nestle on Monday reiterated its interest in some
cereal brands put up for sale by Novartis as speculation mounted
that the food firm is among the last bidders for the drug firm's
health and functional food unit.
Switzerland's Nestle said on Tuesday that it would buy Chef America
for $2.6 billion (€2.7bn) in cash as the world's largest food group
tries to cement its position in the fast-growing US frozen food
market.
Swiss food group Nestlé this week announced that it has entered
into an agreement to combine Nestlé's US ice cream business with US
ice cream giant Dreyer's Grand Ice Cream.
Food group Nestle has reiterated its interest in parts of the
functional food unit put up for sale by Novartis after a top
executive said he would like to have the Ovaltine brand in Nestle's
portfolio.
Europe's chocolate manufacturers yesterday strongly rejected a US
lawsuit alleging that they had failed to disclose that some of
their products contained hazardous levels of toxic metals.
Nestle, the world's largest food group, has reported sales growth
of 10.1 per cent during the first quarter, to CHF21.3 billion
(E14.5bn), compared to the CHF19.4 billion in the period
January-March 2001.
Despite the negative impact of a strong Swiss franc Swiss food
group Nestlé this week reported a net profit increase of 15.9 per
cent to CHF 6 681 million (€4 524m) from the previous year, setting
a new net margin record of 7.9 per...
The European Commission has approved plans by Swiss food and drink
manufacturer Nestle to purchase German company Schoeller, a
producer of ice cream and frozen foods.
The Food Ingredient Specialties business of Nestle USA, a
subsidiary of European food company Nestle, voluntarily recalled
144,000 pounds of chicken base refrigerated products because the
allergen whey protein was not listed on the...
ConAgra Foods, Inc. announced this week that it has purchased the
David & Sons sunflower seeds and snack business from Nestle
USA, Inc., a subsidiary of Swiss-based Nestle S.A. Terms of the
transaction were not disclosed.
Swiss food group Nestle is expected to report sales growth for the
first nine months of the year of 5.7 per cent, slowing from 6.3 per
cent in the first half of the year, on the global economic slowdown
US ice-cream giant Dreyer's Grand Ice Cream Inc. on Wednesday said
its second-quarter profits fell 44 per cent due largely to the
effect of higher commodity costs, particularly for dairy
ingredients.
Nestle SA, the Swiss food group reported that anouncement of tis
takeover of the German ice cream company Schöller will be postponed
for several weeks.
Starting early next year, Nestle will launch a wide-ranging
restructuring to start in Switzerland, Chile, Bolivia, Peru,
Malaysia and Singapore, where...
Leading food and beverage firm Nestle India Ltd has said in its
annual report it was hopeful of continued good results in 2001 but
it would be difficult...
In a bid to stop "genetically engineered food contamination"
Greenpeace activists chained themselves to the entrance of a Nestle
factory in Hong Kong...
Nestle SA Chief Executive Peter Brabeck played down on Friday
market talk that the world's biggest food group may have its eye on
Dutch functional food...
Nestlé has pulled its probiotic LC1 Go! live yoghurt drink from the
supermarket shelves less than three years after it was launched
with a £2m TV ad campaign,...
Food giant Nestle announced thiw week the fortification of one of
its leading brands. Ready-to-drink (RTD) Nesquik flavoured milk
varieties are now fortified...
Brand battered Japanese Snow Brand Milk Products Co. is join up
with Swiss food giant Nestle in a bid to strengthen its knocked
business. The image of...
Nestle SA, the Swiss foodmaker, announced this week that it is in
talks to buy the50 per cent stake that it does not own in an
ice-cream joint venture...
Andreas Schlapfer, head of Nestle Russia, is to leave to head
Nestle France. When he arrived in 1995 Nestle carried just two
products in Russia, in contrast...
Swiss food giant Nestle has announced it will join forces with the
beleaguered Japanese food processor, Snow Brand Milk Products.
Earlier this year the...
