Nestle announces winners of its Nestlé’s 2018 Creating Shared Value Prize

SWITZERLAND – Nestle has announced its joint winners for its Nestlé’s 2018 Creating Shared Value Prize who won US$157,107 each for their outstanding work in nutrition and rural development. According to the company, 'Mumm' from Egypt and 'Fishers and Changemakers' from the Philippines, the two social entrepreneurs are the joint winners of Nestlé’s 2018 Creating…

Nestle Nigeria sustains growth , grows revenue 34% in 2017

NIGERIA - Nestle Nigeria Plc, said on Friday that revenue for the full year 2017 grew by 34% to ₦244bn ($674 million). In the previous year, the food and beverage giant posted ₦182bn in sales. Net profit in the period under review jumped 326% to ₦33.7bn ($91 million), thanks to a 46% rise in Operating…

Nestlé Canada invests US$51.5m for London Ice Cream Factory expansion

CANADA - Nestlé Canada has announced its plans towards the expansion plans of its London Ice Cream Factory worth US$51.5 million to increase production capabilities. According to the company, the factory which supplies all of Canada with brands like Hӓagen-Dazs, Parlour and Drumstick, has seen increased growth within the category, which has resulted in greater…

Nestle relaunches Nescafe Gold, enhancing consumers flavours and tastes

SWITZERLAND – Nestle, a transnational food and drink company has relaunched its Nescafe Gold blend, fit for consumers looking for a full flavoured, aromatic coffee. The new soluble blend includes micrograins of Arabica coffee ground 10 times finer than ordinary ground coffee, where the tiny grains enhance the hidden taste and aroma of the Gold…

Nestle adopts regional cluster approach, to reduce salt content in Maggi

INDIA - Packaged foods maker Nestle India has kicked off a regional, cluster approach for brands, marketing and activation to fast-track growth and has identified enhanced nutrition as a core focus area, company chairman Suresh Narayanan said here on Monday. The maker of Maggi instant noodles, KitKat chocolate and Cerelac infant foods, which crossed Rs…

General Mills acquires Blue Buffalo for US$8b, enters pet food industry

USA - General Mills Inc. has entered into the pet food industry by acquiring Blue Buffalo Pet Products, a brand which makes natural food for dogs and cats in a US$8 billion deal. Blue Buffalo will operate as a separate unit within General Mills and its CEO Billy Bishop will continue to lead the business.…

Nestlé Waters launches new line of healthy flavored sparkling water

NORTH AMERICA – Nestle Waters has launched a new line of healthy flavoured sparkling water as more and more American consumers are seeking healthy alternatives to sugary sodas and juices, including water, which does not contain any calories. According to the company, it is launching a new regional spring water brand sparkling portfolio with 10…

Nestle signs quality MoU with Standards Association of Zimbabwe

ZIMBABWE - The Standards Association of Zimbabwe (SAZ) has entered into a memorandum of understanding (MoU) with Nestle Zimbabwe for scientific and technical cooperation. SAZ director-general Eve Gadzikwa said they have entered into partnership with Nestle, which is the number one organisation in terms of food quality. “The relationships that we have with our various…

Nestlé reports lower than expected full-year results for 2017

SWITZERLAND – Swiss food giant Nestle has reported its full year results for 2017, reporting a 2.4% organic growth, below expectations, as the new CEO Mark Schneider reported the results after his first year in charge of the company. Weak sales growth in North America and Brazil were largely blamed for the company's slower growth,…