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Nestle News

Nestle reports sales slump, blames strong Swiss franc

Z - The world's leading food industry group Nestle saw its sales plunge 5.1 percent in the first quarter, it said on Tuesday, blaming the effect of exchange rates and strength of the Swiss franc.
In the Media by AFP

Nestle says chairman sick but will continue duties

Geneva - Swiss food giant Nestle said on Friday that its chairman Peter Brabeck-Letmathe has been diagnosed with an illness requiring six months of medical care, but that he would continue his duties.
In the Media by AFP

Immigration vote has cast shadow over Swiss economy: Nestle

Lausanne - Swiss-based food giant Nestle warned on Thursday that a vote to rein in immigration by EU citizens had cast a shadow over the Alpine country's economy.
In the Media by AFP

Nestle hints at more deals after deeper healthcare dive

Swiss food giant Nestle's deeper dive into healthcare by taking over the dermatology joint venture it had with L'Oreal suggests further deals in the space are likely.
In the Media by Martinne Geller and Ben Hirschler (Reuters)

Nestle net profit drops unexpectedly

Vevey - The world's leading food industry group Nestle said Thursday its net profit shrank 2 percent in 2013, blaming a soft economic environment, and cautioned that 2014 will also be difficult."Last year was challenging and 2014 will likely be the same," Nest...
In the Media by Nathalie Olofs-Ors (AFP)

Nestle says will detail share buyback when L'Oreal deal closes

Nestle <NESN.VX> will disclose details of a planned share buyback when the sale of an 8 percent share in L'Oreal <OREP.PA> closes, its chief financial officer told investors on Thursday.
In the Media by Reuters

Nestle drops control option over cosmetics beauty L'Oreal

Paris - Swiss food giant Nestle is to sell a chunk of its shares in French cosmetics giant L'Oreal, the firms said on Tuesday, in a signal that Nestle has dropped the option of a takeover.L'Oreal is to buyback a stake of 8.0 percent from Nestle which currently...
In the Media by Frédéric Garlan, Simon Boehm (AFP)

Nestle cuts stake in L'Oreal, but staying for 'long haul'

Swiss food group Nestle <NESN.VX> is selling an 8 percent stake in L'Oreal <OREP.PA> to the French cosmetics firm for 6.5 billion euros ($9 billion), loosening their 40-ye...
In the Media by Astrid Wendlandt and Pascale Denis (Reuters)

Nestle, Cadbury at war over Kit-Kat shape

London - In the latest chapter of an ongoing war between two chocolate makers, Cadbury is attempting to block Nestlé from trademarking the shape of KitKat bars.
In the Media by Michael Thomas - 1 comment

Nestle recalls Kit Kat Chunky Bars after claims of plastic found

Vevey - Nestlé has voluntarily recalled Kit Kat Chunky chocolate bars and Giant Eggs sold in the UK, Germany, Switzerland, Malta, Austria, Singapore, Philippines, and Canada.
In the Media by AR Vasquez
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Kit Kat Chunky special varieties voluntary recall
Kit Kat Chunky special varieties voluntary recall

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Wafer bars will never be the same now that Nestle Crunch has debut Girl Scout cookie bars

Recently, Nestle's Crunch has introduced Girl Scouts cookie bars, limited edition. In the three most popular of cookie...
Jul 13, 2012 by Jonathan Farrell


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