Tag
67 stories in this topic
A recent inspection has cast a shadow over Nestlé’s bold claim that its products are “proven to help children.” The provincial Department of Health revealed on Thursday that this assertion, prominently featured on packaging and in marketing materials, was…
Nestle has acquired the remaining 40 per cent ownership in Chinese confectionery company Hsu Fu Chi for an undisclosed sum, after purchasing 60 per cent in 2011. Hsu Fu Chi, founded in 1992 by the Hsu family, is a well-known confectionery brand in China.…
Nestle is launching protein shots in the United States which it says help suppress appetite for people looking to shed pounds, the latest effort by the world’s biggest packaged food maker to tap the booming market for weight-loss products. The manufacturer of…
Food and beverage giant Nestle has invested $32 million in its Smithtown factory, aiming to boost the site’s manufacturing line. The funding will also introduce state-of-the-art technology and support an increased production capacity. James Garley, the site’s…
Nestle on Thursday said it has started work on products to “companion” weight loss drugs like Novo Nordisk’s game-changing Wegovy, hoping to cash in on their growing popularity. The Swiss food giant’s CEO Mark Schneider said Nestle had not seen any impact…
Food giant Nestle pledged on Tuesday to spend over 1 billion Swiss francs ($1.01 billion) by 2030 on efforts to source coffee sustainably, more than double its previous pledge, as challenges linked to climate change pose particular risks for the bean. Study…
Food giant Nestle plans to stop sourcing from subsidiaries of Astra Agro Lestari (AAL), a major Indonesian palm oil producer accused by environmental groups of land and human rights abuses. The move comes as multinationals face increased reputational and…
It’s official, the KitKat team is launching its biggest collaboration ever with the NEW KitKat packed with MILO – an iconic pairing bringing KitKat and MILO together for the ultimate Aussie break. Set to satisfy all chocolate-lovers, KitKat packed with MILO…
Nestlé has added to its portfolio of health-focused assets with the acquisition of New Zealand business The Better Health Company. Financial terms were not disclosed. The Better Health Company (TBHC) is the company behind the supplement brand Go Healthy, as…
With the last two years seeing more people adopting pets, the Purina factory is now set to meet the growing demand for wet cat food in Australia and beyond thanks to the newly installed state-of-the-art high-speed manufacturing technology. As well, the Purina…
Nestlé today announced a new plan to tackle child labor risks in cocoa production. At the center is an innovative income accelerator program, which aims to improve the livelihoods of cocoa-farming families, while also advancing regenerative agriculture…
Nestle SA said on Tuesday it would cut its stake in L’Oreal to about 20% by selling shares worth 8.9 billion euros ($10 billion) back to the French cosmetics brand, moving to reduce the weight of the beauty giant on its books for the first time in 7 years.…
The Flexible Plastic Fund is a UK industry first and is being led by producer compliance scheme, Ecosurety, with support from the environmental charity, Hubbub. In collaboration with manufacturers, retailers and recyclers, the fund intends to improve flexible…
Nestle said on Monday it was working on updating its nutrition and health strategy after the Financial Times reported an internal document at the food giant described a large portion of its food and drinks as unhealthy. The newspaper said it had seen an…
Nestle’s Health Science division has bought US nutritional products maker Nuun as it continues to build its portfolio of health and nutrition products. Founded in Washington, Seattle in 2004, Nuun is considered a pioneer in the separation of electrolyte…
Food giant Nestle confirmed organic sales should grow more than 3.6 percent this year after strong demand for coffee, dairy and petcare products boosted growth in the first quarter. The world’s biggest food group has weathered the Covid-19 pandemic well so…
Weekly Briefing
Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.