Nestlé has announced an agreement with Advent International to acquire a majority stake in Grupo CRM, a premium chocolate player in Brazil. Grupo CRM operates a successful direct-to-consumer model, with more than 1,000 chocolate boutiques under the Kopenhagen and Brasil Cacau brands and a strong, growing online...
Nestlé is hiring for the head of operations post. Magdi Batato, currently Executive Vice President and Head of Operations, will retire at the beginning of 2024 after more than 30 years with Nestlé. He has held various positions on three continents. In his current position, Batato is responsible for the operations of...
On March 22, Nestlé in the U.S. announced it is investing in Ganado, a solar project owned and developed by Enel North America in Jackson County, Texas. With Nestlé's investment, the project, which is the size of just over 600 hectares, or about 850 football fields, will add 208 megawatts of solar electricity to the U....
Nestlé’s organic growth in 2022 was 8.3 percent. The company reported group sales of CHF 94.4 billion for last year, compared to CHF 87,1 billion in 2021. Pricing increased to 8.2 percent, reflecting significant cost inflation. RIG (shot for real internal growth) was positive at 0.1 percent, following a high base of...
Australia’s number one chocolate bar Kitkat has announced its first ever trial of innovative new paper packaging on fan favourite Kitkat four-finger 45g. In an exclusive trial with Coles Supermarkets across Western Australia, South Australia and the Northern Territory, consumers can now buy Kitkat bars featuring the...
Nestlé announced a new Research & Development (R&D) Center for Latin America to innovate for and with consumers in the region, while leveraging the company's global science and technology capabilities. The proximity to consumers as well as Nestlé's commercial teams and production facilities in Latin America...
Starbucks and Nestlé announced today that Nestlé plans to acquire the Seattle's Best Coffee brand from Starbucks. This transaction is part of Nestlé's focus on driving sustained profitable growth in the coffee category and strengthens the Global Coffee Alliance by allowing both companies to focus on their core...
As part of its Global Youth Initiative, Nestlé launched the Nestlé Youth Entrepreneurship Platform (YEP), a new digital platform for young innovators and entrepreneurs who want to learn new knowledge and skills, test an idea or grow their businesses, in areas ranging from food science and technology to the development...
Nestlé has opened a new Nescafé coffee factory in Veracruz, Mexico. With an investment of 340 million dollar, the plant creates 1,200 new jobs in the region and makes Mexico Nestlé's main coffee producer globally. Special guest Andrés Manuel López Obrador, the President of Mexico, attended the factory's opening event....
Nestlé reached an organic growth of 7.6 percent in the first three month of 2022. The company growth was broad-based across most geographies and categories, with increased pricing, continued momentum in retail sales and a further recovery in out-of-home channels. The total reported sales increased by 5.4 percent to CHF...
