Swedish confectioner Cloetta will discontinue its Candyking business in Poland in 2018 as it does not see profit growth in the market, says CEO and president Henri de Sauvage-Nolting.
Industry giants Nestlé and Unilever report steady sales growth driven by emerging markets for first quarter of 2017 and predict continued growth throughout the year.
Nestlé’s share price fell 2.3% on Thursday as the company announced its slowest growth in three years, with developing markets hit by natural disasters and continued market weakness in Europe and the Americas.
Food giant Nestle has recorded modest growth in 2011 driven by strong performance in China and other emerging markets leading its CEO to say wealth potential is moving from West to East.
ConfectioneryNews.com takes a look back at 2011, a year that saw continued investment in emerging markets, innovative product developments and big money mergers, all in the face of volatile commodity prices.
Spanish food firm Natra has reported yet more impressive sales and revenue growth as its integration of newly acquired All Crump continues with success.
Nestle yesterday reported organic sales rose by seven per cent in
the first nine months of this year, with the company successfully
managing to offset rising raw material costs by hiking prices.
Nestlé saw a decrease in revenue and profits in 2003, but the
company has managed to stay within its targets for organic growth
and claims that it is "cautiously optimistic" for 2004.
