Nestlé, the world’s largest baby food company, faces scrutiny after accusations surfaced that it has been adding sugar and honey to its infant milk and cereal products sold in less affluent regions of Asia, Africa, and Latin America. These allegations come amid rising concerns about the health implications of such additives, especially in infant foods. […]
In a major development for sustainable and diversified food options, Nestlé India is leading the charge by incorporating millets into its product range. The move aligns with the government’s emphasis on promoting millets as a sustainable food choice. Through strategic partnerships and innovative product offerings, Nestlé India is redefining its food portfolio to include millet-based […]
Nestlé has reached an agreement with PAI Partners to create a joint venture for the former’s frozen pizza business in Europe with an intent to create a dedicated player in the pizza category. The Swiss food and drink processing conglomerate alongside the private equity firm will hold onto equal non-controlling stakes in the joint venture […]
Fonterra and Nestlé have reached a deal to sell their Brazilian joint venture — Dairy Partners Americas (DPA) to Lactalis for BRL 700 million ($132.2 million). The deal, which is subject to regulatory authority approvals, is likely to close by mid-2023. Dairy Partners Americas was formed by Fonterra and Nestlé in 2003 for manufacturing and […]
Perrigo, an American Irish–registered over-the-counter pharmaceuticals manufacturer, will invest $170 million to expand and increase its infant formula manufacturing capacity and consumer choice in the US. Under the first phase of investment, Perrigo has acquired Nestlé’s Gateway infant formula facility in Eau Claire, Wisconsin, apart from the US and Canadian rights to the Good Start […]
Nestlé has entered into an agreement with Starbucks Coffee Company to acquire the Seattle’s Best Coffee brand from the latter, in a move to strengthen its North American coffee business. The financial terms of the deal were not disclosed. According to Nestlé, the acquisition of Seattle’s Best Coffee brand will also further bolster the Global […]
Nestlé has signed a deal worth $5.75 billion with KKR to acquire core brands of Bountiful, a US manufacturer of vitamins and nutritional supplements. Included in the deal are Bountiful’s brands – Nature’s Bounty, Solgar, Osteo Bi-Flex, and Puritan’s Pride and also its US private label business. Nestlé will integrate the acquired brands into Nestlé […]
Swiss food and beverage giant Nestlé is set to launch a vegan KitKat to be branded as KitKat V, this year across various countries. KitKat V will be available only through the KitKat Chocolatory and selected retailers for testing the opportunity for a larger roll-out. Nestlé said that KitKat V has been developed by chocolate […]
Nestlé has signed a deal worth $4.3 billion to offload Nestlé Waters North America brands to One Rock Capital Partners in partnership with Metropoulos & Co. The sale includes the Swiss food and beverage giant’s regional spring water brands, purified water business, and beverage delivery service in the US and Canada. The Nestlé Waters North […]
Nestlé has signed a deal to divest its Yinlu peanut milk and canned rice porridge businesses in China to Food Wise for an undisclosed price. The deal includes all the operations of Yinlu, which includes five factories across Fujian, Anhui, Sichuan, Hubei, and Shandong. It is expected to be wrapped up by the end of […]