Nestle

Nestle scales back Africa workforce

Swiss food and drinks company Nestle (NESN.VX) is cutting 15 percent of its workforce in 21 African countries, the company confirmed on Wednesday.

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African cocoa a golden ticket for Tanzania chocolate factory

Jaki Kweka is that rare breed of gourmet chocolatier. She makes fine chocolate in Africa using local African ingredients.

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Nestle in exclusive talks to sell frozen food unit to Brakes Group

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.

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SoftBank's humanoid robot lands job as Nescafe salesman

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.

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Nestle keeps W. Africa plants open, ready to act if Ebola spreads: CEO

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.

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Tough time to sell Ukraine president's "mouthwatering" candy empire

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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California startup PunchTab bags $6.25M in new funding to run loyalty programs for enterprises

Palo Alto, US-based analytics and SaaS (Software as a Service) startup PunchTab bagged $6.25 million in its recent funding round led by Mohr Davidow Ventures to run loyalty programs and promotions for its large enterprise clients.

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New York brand advocacy startup Crowdtap picks up $5M in Series B funding

New York, US-based brand advocacy startup Crowdtap picked up $5 million in a Series B funding round led by Foundry Group to continue inspiring its customers to create quality promotional content on blogs and social media sites.

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Colorado-based firm GutCheck secures $4M in funding to test out business ideas

Denver, Colorado-based online market research firm GutCheck secured $4 million in a funding round led by Icon Venture Partners to test out the potential of different business ideas.

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Canaan Partners invests in Indian digital media firm SureWaves

Connecticut, USA-based venture capital firm Canaan Partners invested INR35 crore in Bangalore, India-based digital media firm SureWaves for the latter's global growth and workforce expansion.

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Multinational companies line up to hike stakes in Indian subsidiaries -India Times

The Reserve Bank of India recently announced that multinational companies can hike their stakes in Indian arms without its approval. Many MNCs are now looking to increase their stakes, go for a merger or de-list their local units.

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Nestle to exit from bulk of Jenny Craig business to private equity firm

Food giant Nestle announced its intention to sell the bulk of its Jenny Craig business to private equity firm North Castle Partners.

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Ferrero not for sale, denies receiving bid from Nestle

Italian confectionery firm Ferrero said through its spokesman that reports about the company receiving acquisition offers were complete fabrications.

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Nestle plans to divest Jenny Craig - sources

Sources told Reuters that Nestle had plans to exit from its unprofitable businesses like Jenny Craig.

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Nestle weighs L'Oreal stake sale

Nestle SA said that it would keep all possible options open as it considers the sale of its 29.4% stake in L'Oreal SA.

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