Tag: Nestle

Nestle inks deal to sell Starbucks products
Big Business Global

Nestle inks deal to sell Starbucks products

Swiss foods giant, Nestle said it has entered a perpetual agreement to market Starbucks consumer and foodservice products globally, outside of the company’s coffee shops. This transaction will see Nestle take major leadership in the premium roast and ground and portioned coffee businesses. Nestlé said it will accelerate growth in […]

Nestle Purina acquires majority share in UK’s Tails.com
Global

Nestle Purina acquires majority share in UK’s Tails.com

Nestle Purina PetCare announced that it has acquired a majority stake in Tails.com, a direct-to-consumer, tailor-made dog nutrition business based in the UK. With the rapid growth of personalised pet nutrition, as well as subscription services, Nestle Purina’s shareholding in this digital first business offers significant growth opportunities for both […]

Nestle floats Cuba factory costing CHF54 million
Global

Nestle floats Cuba factory costing CHF54 million

Nestle has started construction on a new factory in Cuba, to meet growing consumer demand and strengthen its presence on the island. Nestlé said it is investing CHF 54 million in the factory, which will employ 260 people by its third year. The site will produce the world’s leading coffee brand Nescafé, the […]

Nestle’s head of tech, Stefan Catsicas resigns
Global

Nestle’s head of tech, Stefan Catsicas resigns

Nestle SA said Stefan Catsicas, its head of technology has resigned to pursue entrepreneurial and venture capital activities outside of Nestlé. Stefan Catsicas has led Nestlé Research through considerable change, improving alignment with business and operations, promoting scientific breakthroughs and leveraging cross-discipline discoveries. He will leave Nestlé effective December 31, […]

Nestle posts weaker turnover for nine months
Global

Nestle posts weaker turnover for nine months

Swiss foods company, Nestle said its turnover for the first nine months fell to CHF65,272 million compared to CHF65,514 million disclosed last year. Mark Schneider, Nestlé CEO said “Our sales results for the nine-month period are in line with our expectations communicated in July. Organic sales growth continued to benefit […]