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,…

Nestle, Nuritas collaborate to research bioactive peptide networks

IRELAND - Irish biotechnology company Nuritas has collaborated with Nestlé to research bioactive peptide networks within specific target areas. In order to achieve the common goal, Nuritas will deploy its technology platform, which uses artificial intelligence and DNA analysis to predict, unlock, and validate highly efficacious peptides, exclusively from natural food sources. According to NutraIngredients, Nestlé will…

Nestlé defends its baby milk after Changing Markets Foundation report

SWITZERLAND - Nestlé has defended itself against an activist group’s criticism of its baby milk, saying it respects international marketing standards and does not suggest its products are better than breast milk. It was responding to a report by the Changing Markets Foundation accusing the world’s largest packaged food company of putting profit before science.…

Nestlé Nigeria inaugurates US$11.4m Milo liquid beverage plant

NIGERIA - Nestlé Nigeria has officially inaugurated its Milo Ready-To-Drink (RTD) beverage production plant in Ogun State to meet the growing consumer demand for the recently introduced drink. The new plant, which is part of the existing Agbara factory, will create an 100 additional jobs in the facility where Nestlé has invested 4.1 billion Naira…

Nestle acquires majority stake in Latin American organics producer

UK - Nestlé has announced that it has acquired a majority stake in Terrafertil, a company selling natural, organic, plant-based foods and healthy snacks, for an undisclosed sum. According to the company, this move widens Nestlé’s presence in the fast-growing healthy food products category in Latin America, the United States and the United Kingdom, where…

Nestle stops sourcing palm oil from REPSA, Guatemala

MEXICO – Nestle, the multinational food and beverage company, has stated that it has stopped buying palm oil from a Guatemalan company that has been accused by the country’s prosecutor of corruption. Guatemala’s prosecutor accused Reforestadora de Palmas del Peten S.A. (Repsa) of paying bribes to receive tax credits. Repsa also said in a statement…

Nestle releases new line of premium chocolate bars in the UK

UK - Nestle UK has released a new line of posh chocolate bars, Les Recettes De L’Atelier chocolate bars, which will cost up to three times the price of the standard Dairy Milk. According to the company, the new Les Recettes De L’Atelier chocolate bars are made using Swiss chocolate, and will be stocked exclusively…

Nestlé nominates new directors for election to its Board of Directors

SWITZERLAND - Nestlé has announced that it proposed Pablo Isla, Chief Executive Officer of Inditex, Kasper Rorsted Chief Executive Officer of adidas and Kimberly A. Ross, former Chief Financial Officer of Baker Hughes, for election to its Board of Directors. According to the company, these elections will take place at the company’s Annual General Meeting…