Nestle has developed a new method to restructure sugar, allowing for reduced sugar content for its candy products. This new breakthrough will be used starting 2018.
Aiming to continue the expansion of the biotech sphere and looks to boost its food-allergy programs, Nestlé Health Science has financed $145 million into Aimmune ($AIMT).
Nestlé India is again facing controversies with its all-time favorite Maggi noodles. Recent lab tests show that the lead content is within permissible limits unlike monosodium glutamate which exceeds the allowable level.
A sample test conducted by Uttar Pradesh food safety officials found that Nestle’s Maggi noodles contain more percentage of ash than permitted by the regulations. However, the company has denied the accusation, stating that the claim is based on the wrong standard.
Nestle has decided to acquire the remaining stake of 36.3% in Osem and take the Israeli food company fully private. An offer of $840 million has been made to buy out the shares, and a shareholder meeting has been scheduled in March which should reveal the final decision arrived at by the company.
Maggi Noodles - the instant Chinese fare created by Nestle and loved the world over especially in India, Singapore and Malaysia and other parts of the globe was beset by a scandalous allegation that their Maggi Noodles in India contained MSG with lead levels going beyond permitted limits.
Nestlé's sales from Asia, Oceania and Africa (AOA) region went down 3% and the company whose brands range from Nescafe and KitKat to Perrier has less sales growth forecast for 2015 to around 4.5%. This is way back below its broader objective of 5 to 6% growth in the succeeding years.
Switzerland is adding another factory for Nespresso, Europe's largest single-serve coffee brand. This is to manufacture capsules uniquely designed for the U.S. consumers where sales growth is bigger than its home continent according to Bloomberg.
Nestle finds relief when the Bombay High Court on Thursday lifts the food safety regulator's order of a nationwide ban on the sale Nestle India's famous 2-minute Maggi Noodles.
Swiss food and drinks company Nestle (NESN.VX) is cutting 15 percent of its workforce in 21 African countries, the company confirmed on Wednesday.
Jaki Kweka is that rare breed of gourmet chocolatier. She makes fine chocolate in Africa using local African ingredients.
Nestle (NESN.VX) is in exclusive talks to sell its frozen food unit Davigel to food service operator Brakes Group as part of a drive to trim its sprawling portfolio.
Nestle SA will enlist a thousand humanoid robots to help sell its coffee makers at electronics stores across Japan, becoming the first corporate customer for the chatty, bug-eyed androids unveiled in June by tech conglomerate SoftBank Corp.
Nestle has no plans to close any of its eight factories or curb output in cocoa and coffee-rich West and Central Africa because of Ebola, but is ready to adapt if it spreads, the Chief Executive of the world's largest food company said on Wednesday.
A chance to buy the candy empire of Ukrainian President Petro Poroshenko is the kind of opportunity in a fast-growing market that would normally have multinational confectioners - like Nestle or Cadbury's parent Mondelez - drooling at the prospect.
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