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The Latest Breaking News from Nestle

Nestle ramps up cost-cutting by another £2.2bn in overhaul

Recently-appointed boss Laurent Freixe is aiming to make savings to channel spending into advertising and marketing as part of a turnaround plan.

Evening Standard

F1 signs KitKat as championship’s official chocolate bar

Formula 1 has announced a multi-year partnership with Nestle, with its KitKat brand named “the Official Chocolate Bar” of the championship.

Autosport

CMA finds millions of parents may be paying up to £500 a year "over the odds" for infant formula

The infant formula market is highly concentrated with Danone, Kendal, and Nestle accounting for over 90% of supply.

Evening Standard

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Nestle Overhauls Executive Team As Sales Slump

Nestle's new CEO lowered sales growth expectations for 2024 and announced a leadership reshuffle on Thursday in what one analyst described as a "painful reset" for the global food giant.

International Business Times

Nestlé cuts profit outlook for 2024 amid sales slump

Nestlé has lowered its profit outlook for 2024 as sales growth falters, with new CEO implementing a leadership reshuffle

Evening Standard

Nestle Shares Fall After CEO's Surprise Departure

Nestle shares fell Friday after the surprise departure of chief executive Mark Schneider, which followed slowing sales growth and bad headlines at the Swiss food group.

International Business Times

Nestle CEO Schneider To Step Down After Eight Years At Helm

Nestle chief executive Mark Schneider is leaving the Swiss food group after eight years in charge and will be replaced by Latin America boss Laurent Freixe, the company said Thursday.

International Business Times

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Fan-favourite chocolate bar back on sale after discontinuation disappointment

Nestle said it wanted to create a ‘special opportunity’ for fans to enjoy the ‘unique bar’ once more

The Independent UK

Caramac is back! Much-loved Nestle chocolate bar returns to shelves for limited period

Nestle announced it was cutting Caramac last year, leading chocolate fanatics to wonder if it was ‘some sort of sick joke’

Evening Standard

Australia’s major food companies failing nature, report finds

Targets to halt environmental damage ‘severely lacking’, Australian Conservation Foundation says, urging food industry to ‘step up to the plate’

The Guardian - AU

3 Top Dividend Stocks to Consider as Cocoa Prices Pull Back

Cocoa prices are pulling back after a spike, presenting an opportunity to invest in chocolate stocks. With the market projected to grow 5.8% annually, the sector promises long-term growth.

Barchart

Who Profits From The Soaring Price Of Cocoa?

Though cocoa prices on the financial markets have soared, the rise is benefiting cocoa growers, bean processors, speculators and chocolatiers in unequal measure.

International Business Times

These 30 Products Are Made By Such Horrible People, Others Decided To Stop Buying Them

We buy what we want to be. The post These 30 Products Are Made By Such Horrible People, Others Decided To Stop Buying Them first appeared on Bored Panda.

Bored Panda

Have pity on the poor food multinationals, as they gouge their way around the world

While food and beverage multinationals treat Australians like mugs, life’s a bit tougher in Europe where price gouging is taken seriously.

Crikey

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The Independent UK

Celebrity chef rails against frozen meals for Ozempic and Wegovy users: ‘Messed up as it gets’

The irony of processed food companies coming out with frozen meals for Ozempic and Wegovy users isn’t lost on Chef Andrew Zimmern

The Street

New frozen food brand will directly cater to Ozempic users

Nestlé is set to sell pizza and sandwiches for Ozempic and other GLP-1 drug users.

The Independent UK

World’s biggest food company launches fast food meals for Wegovy and Ozempic users

Investors have been worried that food companies will lose sales due to the hunger-suppressing drugs

The Street

The company is a disruptor in the coffee industry, and now its future is in doubt.

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The Hindu

Nestle denies 'double standard' on baby food in some countries

Nestle denies double standard in baby food sugar levels, facing shareholder concerns and regulatory warnings.

International Business Times

Nestle Sales Slump On Weak North America Demand For Frozen Food

Swiss food giant Nestle reported slimmer sales than expected in the first quarter on Thursday, weighed down by weak demand for frozen pizza and snacks in North America.

International Business Times UK

Nestlé Destroys 2 Million Perrier Bottles After Fecael Bacteria Discovered In One Of Its Wells

The revelation of bacteria of faecal origin in Perrier bottled water has sparked a wave of preventive measures and public apprehension.

Evening Standard

Google’s Gemini AI to help write and narrate ads for marketing behemoth WPP

The narration system will use Gemini 1.5 Pro to create customisable video narration scripts, which are then sent to London startup Eleven Labs to generate a voice to narrate videos

Top News

Bold Brews Beat Weight-Loss Drugs: Nestle CEO's Confident Declaration

Weight-loss drugs no match for Nestle's coffee empire, claims CEO. Discover how Nestle plans to keep their caffeine-filled kingdom thriving!

Latin Times

Greenwashing or Genuine Action? Navigating Corporate Dilemmas at COP28

More than 200 major corporations including the likes of Ikea, Coca-Cola, Sony, DHL, Heineken and Nestle have recently called on national leaders to set a timeline for phasing out unabated fossil fuels

Evening Standard

Iceland boss accuses baby formula brands of 'exploitation'

The CMA found evidence of overcharging in the baby formula sector earlier this week

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