By George Lampiris Nestle has identified a new source of water for the production of bottled natural mineral water Korpi, where recently a new water pumping well is in progress, which will help the company to triple the capacity of the plant it maintains in Monastiraki Vonitsa. This was stated by Nikos Thalassinos, factory manager […]
Tag: Nestle
Nestle sales increased in the quarter
Nestle announced that sales increased in the first quarter as the company raised prices and maintained estimates for the full year. The Swiss consumer goods company announced quarterly sales of 22.24 billion Swiss francs ($ 23.43 billion) from 21.09 billion francs a year ago. Analysts had forecast sales of 21.69 billion francs. Sales in the […]
Nestle also wants to be on the NFT wave
Swiss food manufacturer Nestle has put up for sale two NFTs from The TRIX GLOBE collection. To commemorate the launch of the TRIX Breakfast Cereal brand in the Middle East and North Africa, Nestlé has listed the NFT on Opensea.io, with trading running from March 18 to May 13. The proceeds will go to charity. […]
Nestle: Suspends some brands in Russia after the outcry it received worldwide
Nestle has announced it will suspend several brands such as Kitkat and Nesquik in Russia, days after Ukrainian President Zelensky criticized the world’s largest consumer goods company for continuing to operate in Russia. Nestle has faced backlash from consumers, activists and politicians in recent weeks for not leaving Russia completely after invading Ukraine. The Swiss […]
Nestle: Our remaining operations in Russia are not profitable
Nestle is not making a profit from its remaining operations in Russia, the company said in a statement, as the Swiss food giant is under international pressure to cease operations there after Putin’s invasion of Ukraine, Bloomberg reports. Ukrainian President Volodymyr Zelensky denounced Nestle for continuing its operations in Russia, speaking via teleconference to protesters […]
Nestle has announced an increase in profits for 2021
Nestle has announced a profit increase for 2021, with growth driven by retail sales momentum, a steady recovery in off-site operations, rising prices and increased market share. The Swiss food and beverage group said net profit stood at 16.9 billion francs ($ 18.29 billion) from 12.23 billion francs a year ago. Sales increased to 87.09 […]
Nestlé reduces its stake in L’Oréal to 20.1% – will sell 22.2 million shares
Nestlé announced today that it has agreed to sell 22.26 million shares of L’Oréal to L’Oréal for € 400.00 per share, for a total price of CHF 9.3 billion. L’Oréal will cancel the acquired shares, according to Nestlé in a statement. Following the transaction, Nestlé will own 20.1% of L’Oréal, while continuing to fully support […]
Nestlé, Mars, Hershey, & More Face Child Labor Lawsuit
International Rights Advocates (IRA) has filed a federal class-action lawsuit against seven chocolate giants including Nestlé, Cargill, Barry Callebaut, Mars, Olam, Hershey, and Mondelēz on behalf of eight children who claim to be trafficked to Ivory Coast and forced to work without pay, protective equipment, or supervision.
Danone To Slash 2,000 Jobs Owing To Coronavirus Pandemic
The French multinational food company, Danone, has decided to cut up to 2,000 jobs to cope with the adverse effects of the pandemic.