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SWISS FOOD GIANT
Pet care firm Vetic raises $40 million led by Bessemer Venture PartnersVetic, a pet care startup, has secured $40 million in funding. This investment will fuel the expansion of its clinic network, adding 25 new...- Sweet heist? Nestle says 12 tonnes of KitKat stolenA huge shipment of Nestle's crunchy KitKat chocolate bars was stolen in Europe, the brand said, warning that the heist risked causing short...
- Nestle chairman Paul Bulcke to step down after CEO dismissalNestle's Chairman, Paul Bulcke, has decided to resign, with Vice Chairman Pablo Isla stepping in as his successor, effective October 1. Thi...
- Complaints of favoritism triggered inquiry into CEO: Nestle CFONestle ousted ex-CEO Laurent Freixe after receiving complaints of favoritism and a romantic relationship with an employee. An internal inve...
- Laurent Freixe fired: Nestle veteran exits company after nearly 40 years with millions in hand. Check his net worthNestlé fired CEO Laurent Freixe for not disclosing his relationship with a subordinate, an incident found to be in breach of the company’s ...
- Nestle to refocus on core business, CEO saysNestle is changing its business strategy. Chief Executive Officer Laurent Freixe said the company will focus on its main products. Nestle p...
- Nestlé's Sweet Solution: Launches zero refined sugar Cerelac amid criticismNestlé has launched new Cerelac variants without refined sugar in India. Out of 21 variants, 14 will be refined sugar-free. Seven new varia...
- Nestle sees stable sales growth from Q2, CEO tells paperNestle anticipates stable growth with positive volume and product mix contributions, overcoming challenges like cost inflation and lower sa...
- Coronavirus stockpiling fuels Nestle Q1 salesThe foods maker reported its best quarterly sales growth in nearly five years globally, at 4.3% increase in organic growth, with consumers ...
- Nestlé India to seek shareholders' nod on royalty scheduleAt its AGM on April 25, company to seek approval for payout every 5 years against one-time sanction.
- Nestle to cut salt content in Maggi by another 10%Nestle isn’t the only food company that has been talking about tweaking products — to not only satiate palates of Indian consumers’ but als...
- Power Grid Corp: Ramping up volumes is the way forwardThe strategy of protecting the bottom line may have backfired in the near term, but could well be rewarding in the long run.
- Will be no slowdown in Nestle's investment in India: CEO Paul BulckePaul Bulcke says consumption has slowed down in India but there will be no slowdown in the Swiss giant's investments in the country.
- Nestle net triples to $35 b in '10Organic growth in emerging markets stood at 11.5% which underlines the increasingly important role they will play in the future, the compan...
- Nestle buys Kraft N. American pizza unit for $3.7 bnFood giant Nestle announced it was buying Kraft Foods' frozen pizza units in the United States and Canada for 3.7 bn dollars (2.5 bn euros).
- Nestle reports net profit of 3.3 billion eurosNestle reported a net profit of 5.1 billion Swiss francs (3.3 billion euros) for the first semester, a slight drop of 1.9 per cent, but the...
- Nestle posts jump in net profits to 18 bn francsSwiss food giant Nestle said on Thursday net profits surged 69.4 per cent to 18 billion Swiss francs (12 billion euros, 15 billion dollars)...
- Nestle says it won't raise sales prices in near termSwiss food giant Nestle SA is unlikely to raise sales prices further in the near term as costs of many ingredients have already peaked, the...
- Nestle completes takeover of US babyfood leader GerberSwiss food giant Nestle said on Monday that it had completed its $5.5 billion takeover of Gerber, the biggest baby food maker in the United...
- Nestle buys baby food biz off NovartisSwiss food giant Nestle is buying the Gerber baby food business off pharma major Novartis for $5.5 bn.
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