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...
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
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
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
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
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 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