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Food News

Nestle mixes business with desserts

A product by Nestle Professional allows chefs to craft quality desserts in just a few simple steps.

Family

Nestle contest makes dreams come true

Winners of the Nestle NAN Grow 3 Super Kids talent recruitment drive had a blast trying out their dream jobs.

Business

Nestle reinforces strategic direction to be the leader in nutrition, health and wellness

NESTLE SA, the world’s largest food company, is looking at sustaining its growth in the various food categories globally this year despite the softening in demand triggered by the slow recovery in the world economy.

Business

Nestle plans US$20.8bil share buyback amid Third Point pressure

LONDON/ZURICH: Nestle plans to buy back as much as 20 billion Swiss francs (16.22 billion pounds) worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company

Business

Nestle turns to moms after 150 years of selling infant formula

ZURICH: After spending more than a century selling baby formula, Nestle SA realized it’s neglected another potential customer: mom.

Business

Nestle pays US$7.2bil to sell coffee with Starbucks brand

ZURICH: Nestle SA and Starbucks Corp are joining forces to rejuvenate their coffee empires.

Business

Starbucks deal gives Nestle more punch in fight with JAB

LONDON: Nestle’s US$7bil licensing deal for Starbucks’ retail business gives it a much-needed boost in its battle against JAB, the privately owned investment firm stirring up the coffee industry with a string of deals.

Business

Nestle expects below-target sales growth again in 2014

VEVEY: Nestle expects another challenging year that could see it undershoot its long-term targets again, after price pressures in Europe and weaker emerging market demand slowed sales growth to 4.6% in 2013.

Business

Trading in Nestle shares to be suspended today

PETALING JAYA: Trading in Nestle (M) Bhd’s shares will be suspended today to make way for a material announcement by the food and beverage giant.

Business

Nestle targeted by Dan Loeb in biggest-ever bet

NEW YORK: Dan Loeb has amassed a US$3.5bil stake in Nestle SA, targeting Europe’s largest company in the biggest bet of his two-decade career as an activist investor.