Nestlé Zim retrenches, confirms future plans

ZIMBABWE - Multi-national food and drink company, Nestle Zimbabwe, has embarked on a retrenchment exercise, as part of the company’s “business optimisation activities”. The exercise, which was voluntary, saw more than 20 workers exiting the company, which employs more than a 100. “Despite our initiatives, and largely due to technological and systems upgrades, we carried…

Nestlé India launches KIT KAT Dessert Delight on Bigbasket

INDIA – The Fast Moving Consumer Goods (FMCG) major, Nestlé, has launched the all-new KIT KAT Dessert Delight on a popular online food and grocery store, Bigbasket and thus extended its presence online. “KIT KAT has been a benchmark for innovation in the coated wafer category. Keeping the brand’s ethos in mind, we aim to…

Pladis passes on Nestle’s candy in favor of upmarket push

TURKEY - Pladis, the owner of Godiva chocolate and McVitie’s biscuits, has decided not to bid for Nestle’s U.S. confectionery assets, preferring to pursue a more upmarket strategy. Chief Executive Cem Karakas had earlier told Reuters the Turkish-owned company was looking at the U.S. portfolio Nestle put on the block in June, which includes regional…

Nestlé takes majority stake in high-end coffee marker Blue Bottle

USA - Nestlé has announced its acquisition of a majority stake in the California-based Blue Bottle Coffee, a high-end specialty coffee roaster and retailer to increase its presence in the high-end market. Nestlé, the world’s largest food and drinks company, will be paying US$500million for a 68% stake in Blue Bottle Coffee, which operates in…