Nestlé New Zealand has reached a conditional agreement to sell six confectionery brands to Quadrant Private Equity to focus on its chocolate, baking and medicated lozengers.
The initiative has received over 400 start-up applications so far and launched 12 Projects to enable Nestlé to improve the environmental impact of its work by partnering with start-ups with ‘tech-for-good solutions’
Three-judge 9th Circuit panel indicates the six plaintiffs can sue the two manufacturing giants under the Alien Tort Statute for alleged child labor violations.
Candy and snacks company Hsu Fu Chi has struck a deal with China’s second largest e-commerce channel JD.com to improve its logistical efficiency by building an 'unbounded plant' in South China.
The International Cocoa Initiative (ICI) has identified 14,986 child labor cases on the cocoa farms in Côte d’Ivoire and Ghana since 2012, but warned the reality could be a lot worse.
Ferrero is set to overhaul the recipes of Butterfinger and Crunch bars after creating a new business unit by merging its recently acquired Ferrara and Nestlé’s US candy portfolio later this year.
The National Confectioners Association (NCA) has named the most innovative product award winners of 2018 at the Sweets and Snacks Expo in Chicago (May 22-May 24, 2018).
Turkey has become Nestlé’s fastest growing market in the Middle East, Europe and North America, with the firm set to plough in TRY 100m (US$22m) to expand capacity and build new plants.
Nestlé has agreed to sell its Serbian chocolate brand Cipiripi to Paraćinka, a member of Silbo distribution group, as part of its ‘ongoing portfolio review.’
