Nestlé sees resilient demand from shoppers despite Kit-Kat maker boosting prices July 28, 2022 Kit-Kat maker Nestlé was the latest household name to declare that price increases for consumers had failed to offset demand, with sales surging. The London-listed firm admitted it had put up prices 6.5 per cent this year but saw profits soar in six months regardless. In half-year results, the consumer goods giant said total reported [...]
Nestlé warns of further price rises over the year amid rampant inflation April 21, 2022 Nestlé has cautioned more price rises could be on the horizon for consumers as cost inflation leaps. In a three month trading update, the Kit Kat owner said it had already “stepped up pricing in a responsible manner” and seen “sustained consumer demand.” Nestlé CEO Mark Schneider added: “Cost inflation continues to increase sharply, which [...]
Nestlé suspends brands including KitKat and Nesquik in Russia after scolding from Ukrainian President Zelensky March 23, 2022 Food and beverage giant Nestlé is suspending brands including KitKat and Nesquik in Russia. “We are focused on providing essential foods such as baby food and medical/hospital nutrition products. This means we will suspend the vast majority of our pre-war volume in Russia,” a Nestlé spokesperson said. It comes after the world’s largest consumer goods [...]
Coronavirus lockdowns turn UK’s Mindful Chef profitable June 15, 2021 The healthy recipe box service has been a pandemic winner, with locked-down customers driving sales up threefold to £53m last year. Mindful Chef today reported it is profitable for the first time, with 2020 sales figures up 230 per cent on 2019, buoyed by the pandemic shift to online food delivery. Customers for the Nestle [...]
Nestle buys health brands from US nutrition firm The Bountiful Company for $5.75bn April 30, 2021 Food and drink giant Nestle has bought a chunk of health brands from US nutrition and supplement firm The Bountiful Company for $5.75bn. The conglomerate announced this morning that it has entered into an agreement with KKR to buy brands including Natures Bounty, Solgar, Osteo Bi-Flex and Puritan’s Pride, as well as the company’s US [...]
Some 600 jobs at risk as Nestlé closes UK factory and moves some production to Europe April 28, 2021 Nestlé plans to close its Fawdon factory near Newcastle, putting 573 jobs at risk in the process. Under new proposals, the Swiss food and drinks conglomerate said products currently made at Fawdon would move to other plants in the UK and in continental Europe. If the plans go ahead, the Fawdon factory will close “towards [...]
Nestle sales hit £29.6bn October 21, 2005 Nestle, the world’s largest food manufacturer, has romped to better than expected sales this year. The company, which produces Nescafe and Kit Kat, said yesterday its sales were 5.8 per cent higher for the first nine months. Switzerland-based Nestle also reaffirmed its targets of 5-6 per cent organic growth for the full year as the [...]