32 articles
Russia's Kremlin has placed Nestle and Auchan's local assets under temporary administration via presidential decree targeting firms from "unfriendly countries." This action follows a 2023 law allowing
Russian authorities seized Nestle's Russian operations and three French firms' assets via presidential decree amid ongoing Ukraine sanctions. Analysts estimate potential write-offs up to $1.2 billion
Russian President Putin ordered temporary administration of Nestle and Auchan's local businesses, potentially leading to asset seizures amid the Ukraine conflict. This follows a pattern where Moscow h
Nestlé is assessing options to protect its rights after a Russian decree to seize its local business assets. The Swiss food giant operates six factories producing coffee and infant formula, facing pot
Russia initiates parliamentary elections and opens border polling stations while seizing Nestlé assets and facing oil tariff warnings amid Ukraine war tensions.
India proposes tougher health warning labels on packaged foods amid rising diabetes rates, sparking debate among major manufacturers like Nestle and Coca-Cola. Regulators aim to curb high sugar and sa
Nestle plans to increase cocoa sourcing in Brazil while collaborating with farmers to reduce fertilizer use via regenerative agriculture. This strategy aims to diversify supply chains and mitigate cos
Nestle CEO Philipp Navratil stated that the Middle East conflict is driving up input costs and inflation, prompting price hikes and product reformulations. Concurrently, the FAO Food Price Index reach
India's FSSAI intensified food safety enforcement via raids and license cancellations, proposing mandatory warning labels for high-sugar, salt, or fat products. Major FMCG firms like PepsiCo and Nestl
Nestle agreed to sell its mainstream vitamins, minerals, and supplements business to Yellow Wood Partners for $1 billion, including seven key brands. The deal is expected to close by the first half of
Indian authorities raided a Mumbai warehouse, seizing nearly $80,000 worth of food products from major firms like PepsiCo and Nestle that had falsified expiry dates and nutrition labels. The operation
A Russian firm has petitioned President Putin to place Nestle's Russian assets under temporary administration due to halted exports, potentially affecting ownership of its $2 billion business. Nestle
Nestle lobbies U.S. regulators to replace scientific ingredient names with common terms on packaging, aiming to reduce consumer confusion. This move supports broader industry efforts to simplify label
Nestle plans to spin off its water business into a joint venture with Platinum Equity, creating Peranel valued at €4.9 billion. The transaction will raise approximately €3 billion for Nestle as it foc
Nestle beat Q2 organic sales expectations with 3.7% growth and raised full-year guidance. It formed a 50-50 joint venture with Platinum Equity for its waters business to raise €3 billion, leveraging l
Platinum Equity is nearing a deal to acquire a 50% stake in Nestle's European water business, valued at nearly €5 billion, including brands like Perrier and San Pellegrino. The transaction aligns with
Indian shares are poised to fall as Brent crude surged to a five-week high amid escalating Middle East conflicts. Investors await quarterly results from key firms including Dr Reddy's and Nestle while
Thailand approved a $688 million Nestle investment for a smart factory producing Nescafe and beverages by 2028. The facility will source local agricultural inputs like coffee beans and sugar, supporti
Major consumer goods firms including L'Oreal, Nestle, and Mondelez are leveraging AI to accelerate product innovation and optimize supply chains. L'Oreal repurposes skincare molecules for hair care, w
Nestle executives indicated they may reduce retail coffee prices as raw bean costs decline from record highs, though industry experts estimate a nine-month lag before savings reach consumers.
Nestle acknowledges some parents may not return to its infant formula following a global recall linked to cereulide toxin contamination. The company lost market share and is working with healthcare pr
Nestle plans to eliminate artificial food colourings from its entire global portfolio by 2026, replacing synthetic dyes with natural alternatives following extensive R&D efforts.
More than 100 companies, including Nestle and Volvo, urge governments to prioritize electrification to mitigate fossil fuel volatility and enhance energy security via clearer policy frameworks.
PAI Partners has withdrawn from the bidding for Nestle's water business, including the Perrier brand, according to Bloomberg News. Reuters could not immediately verify the report.
Nestle will fully acquire smart food brand yfood Labs from its founders, marking the first purchase under new CEO Philipp Navratil. The Munich-based producer of ready-to-drink meals and powders report
French anti-fraud officers raided Nestle's Perrier bottling sites following a consumer complaint alleging deceptive labeling of treated water as natural mineral water. Nestle confirmed full cooperatio
Nestle and Danone face scrutiny over delayed recalls of infant formula contaminated with cereulide toxin from Chinese supplier CABIO Biotech. Investigations continue into potential links between recal
Forty major food and beverage companies, including Nestle and Carlsberg, signed a joint declaration via SAI Platform to scale regenerative agriculture and secure supply chains against climate change.
Nestle exceeded Q1 sales expectations with 3.5% organic growth driven by coffee and food demand, maintaining its full-year outlook despite currency headwinds.
Nestle Chairman Pablo Isla emphasized consistent volume growth to drive share prices through portfolio adjustments. The company plans to sell parts of its water business to restore its leverage ratio.
ChemBrief