Swiss food giant Nestlé has announced a first-quarter sales rise of
14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations
and reconfirming its full-year target of a five to six per cent
Prices for raw materials and energy are forecast to rise by around
five to 10 per cent this year, but Nestlé believes cost cuts will
balance the equation out, the company's chief executive said
Food giant Nestlé is being squeezed by tough international
confectionery markets, its modest overall half-year sales dragged
down by disappointing performances from its chocolate,
confectionery and biscuit categories.
Nestlé has launched new sweets and biscuits in Russia as intense
competition has forced the firm to invest heavily in what is now
the world's fourth biggest confectionery market, reports Angela
Nestlé, the world's biggest food and drink manufacturer, has
announced a modest increase in Q1 profits after successfully
offsetting rising raw material costs with price increases across
the UK and Continental Europe, Tom Armitage...
Responding to consumer and legislative pressures, international
food firms are slicing artery-clogging trans fatty acids from their
formulations,FoodNavigator.com spoke with Nestle to find out
how the world's number one food...
Swiss food giant Nestlé has boosted its Romanian production
capacity with the installation of a new chocolate wafer production
line at its Timisoara-based unit, Joe. The investment reflects the
rapid growth of the Romanian snack market,...
The British arm of Nestlé has become the latest food producer to
revamp its nutrition labels, yet the country's food industry is on
rocky ground by entrenching its support for guideline daily amounts
against the government's...
Nestlé Ireland has angered local politicians and businessmen with
the decision to close its chocolate crumb manufacturing facility in
Mallow, a move which could have a devastating knock-on effect for
local partner, Dairygold. But...
Switzerland's Nestlé will have to sell its Brazilian chocolate
business Garoto, acquired in 2002, after the authorities there
ruled that the takeover would damage competition, proof that even
the world's biggest food company...
Dairy products remain an important growth driver for Swiss food and
beverages group Nestlé, despite the disposal of a number of assets
and poor weather conditions which affected sales during the first
half. But organic growth was...
Nestlé, the largest food and beverage company in the world, has
selected the Quadrem eMarketplace as the partner for its global
eRequisitioning programme, part of an enterprise-wide initiative
Nestle is implementing to standardise...
For 47 years, the UK's most consistently popular chocolate bar has
been advertised with the slogan 'Have a break, have a Kit Kat', a
phrase which has entered the British lexicon and become synonymous
with the two- or...
Forging a deeper share of the fat replacer market, the Circle Group
Holdings subsidiary FiberGel Technologies will supply its Z-Trim
zero calorie fat substitute to Swiss food giant Nestle, under a new
link-up announced this week.
The European Commission has approved the proposed functional
confectionery joint venture between Swiss consumer goods company
Nestlé and the US-based personal care company Colgate-Palmolive,
but approval is just the first of several...
Nestlé Rowntree has already got itself into trouble with its Yorkie
chocolate bar featuring the tagline 'Not for Girls' but appears
happy to step on a few more toes with the latest development for
Nestlé's popular confectionery brands will soon be found on a range
of cakes and muffins in most of the UK's major retail chains
following a deal aimed at lifting the Swiss group's share of UK
UK arm of Nestle will cut type of fat linked to heart disease. The
move reflects increasing pressure on food manufacturers to reduce
the levels of trans fatty acids (TFAs) and comes in the same week
that US government announces all...
Swiss food group Nestlé has reported solid organic growth for the
first quarter of 2003, stressing the importance of product
innovation during the period, but chocolate sales were affected by
the late Easter.
Nestlé is the most popular chocolate producer in Russia, but other
international companies still play second fiddle to the numerous
local (or even regional) producers there. But the market is set to
grow over the next five years,...
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...
Next January will see the launch of Fruity Smarties, a new
variation on the popular Nestle chocolate confectionery brand which
contains a fruity jelly produced by Haribo. Is this the start of a
beautiful relationship between the two...
Cadbury and Nestle, erstwhile partners in a bid for Hershey, are
likely to face off against each other in the auction for another US
confectionery group, Adams. But other major bidders such as PepsiCo
cannot be ruled out.
Despite the fact that the sale of the company has been temporarily
put on hold, Nestle and Cadbury are said to be still discussing a
joint bid for the Hershey business, although they have not yet
decided how best to structure the...
Hershey will find out on Wednesday whether its appeal against a
court ruling postponing the sale of the confectionery group has
been successful. In the meantime, rumours continue to circulate of
a potential joint bid for the firm...
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.
Swiss food group Nestle on Friday declined to comment on market
talk it might want to buy US confectionery maker Hershey, but said
it would be keen on regaining its top-selling Kit Kat brand in the