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The Latest Breaking News from Nestle

Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, announced Thursday plans to cut 16,000 jobs worldwide over the next two years, sending its share price soaring.

International Business Times

Nestle to axe 16,000 jobs around world over next two years in cost-cutting drive

The boss of the consumer goods giant said the firm needed to ‘change faster’ and secure its future ‘as a leader in our industry’.

Evening Standard

Nestle to cut 16,000 jobs around world in huge cost-cutting drive

The company’s boss stated it needed to ‘change faster’

The Independent UK

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French Consumer Group Seeks Perrier Sales Ban

An influential consumer rights association on Wednesday urged a court to ban the sale of Perrier bottled water in France, saying the brand's claim that its product is "natural" was misleading.

International Business Times

Fired Nestlé CEO 'was outed by scorned mistress when she found him in Swiss hotel with another employee'

Laurent Freixe was allegedly sacked in a dramatic confrontation with other executives

Evening Standard

Don’t date at work, don’t be a jerk: In our viral age, CEOs should behave like royalty to avoid being fired

Also: All the news and watercooler chat from Fortune.

Fortune

More details emerge about Nestlé CEO’s ‘inappropriate relationship’ with employee

Laurent Freixe was accused of improper favoritism months before he was fired

The Independent UK

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Nestle CEO Switch A Chance To Reset: Experts

Nestle's sudden sacking of its chief executive over an office relationship gives the Swiss food giant a chance to reset and return to its strengths, industry analysts said Tuesday.

International Business Times

Nestlé CEO Laurent Freixe Fired Over Relationship Scandal — Meet His Successor Philipp Navratil

Nestle CEO Laurent Freixe was immediately fired after his 'inappropriate relationship' with a direct employee was discovered. Philipp Navratil replaced him as the Swiss food giant's new leader. But, who is he?

International Business Times UK

Nestle Suddenly Fires CEO Over Romantic Relationship With Employee

On Monday, Nestlé unexpectedly removed its CEO, Laurent Freixe, after he failed to disclose a romantic involvement with an employee who reported directly to him.

Benzinga

Nestle CEO Laurent Freixe's Removal Explained: Is the Identity of His Subordinate Revealed?

Nestle CEO Laurent Freixe was ousted over an undisclosed affair. Details on his removal, the subordinate speculation, and Nestlé's leadership change.

International Business Times UK

Nestle Sacks CEO Over Office Relationship

Swiss food giant Nestle on Monday dismissed Laurent Freixe as chief executive with immediate effect over an "undisclosed romantic relationship with a direct subordinate".

International Business Times

Nestle Unveils Method To Boost Cocoa Yields As Climate Change Hits

Faced with climate change diminishing farmers' yields, Nestle announced Wednesday that it was working on a technique to produce chocolate by using up to 30 percent more of the cocoa fruit.

International Business Times

UN plastic pollution talks fail again with negotiators rejecting draft treaties

Delegates were seeking to complete a legally binding international agreement during a 10-day conference in Geneva, Switzerland.

Evening Standard

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AAP

Rebooted plastic scheme could hike groceries cost

Consumers could face higher prices for goods wrapped in soft plastic as plans for a much-anticipated recycling scheme are revealed.

GOBankingRates

5 More Items at Dollar Tree That Cost More at Target

From school supplies to snacks and pantry staples, here are five products you can grab at Dollar Tree that’ll set you back much more at Target.

Al Jazeera

Plastic credits: A ‘false solution’ or the answer to global plastic waste?

As UN meets to negotiate an international treaty to curb plastic pollution, many favour carbon credit-like offsetting.

Evening Standard

Nestle sees lower customer demand after hiking coffee and chocolate prices

The Swiss consumer group reported organic growth of 2.9% over the first half of the year, compared with a year earlier.

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The Mary Sue

‘I never noticed that’: Washington man picks up a bag of Starbucks coffee at Costco. Then he looks at the fine print on the back

Is the coffee you buy from Costco another brand masquerading as Starbucks? That’s what one customer says in a now-viral video.

The Independent UK

Nestle offices searched by police over mineral water allegations

The Swiss food giant has been under investigation by a Paris judicial court since February

Autosport

F1 and Nestle announce KitKat activations for Mexican GP

Formula 1 is preparing to deepen its ties with Nestle through a series of new activations and promotions to highlight its official chocolate bar, the KitKat.

Fortune

Elon Musk predicts a recession this year. 8 sneaky signs we actually could be headed for one

These are the weird recession indicators starting to show themselves.

Bored Panda

73 Unhinged Acts That “Chaotic Good” People Did With The Best Intentions At Heart (New Pics)

Well-behaved people seldom make history.

Radio France Internationale

French government accused of top-level cover-up in Nestlé water scandal

The French government "at the highest level" covered up a scandal over the treatment of mineral water by food giant Nestle, including the iconic Perrier brand, an investigation by France's upper house of parliament said Monday.

International Business Times

Perrier Scandal Bubbles Up As French Parliament Slams Cover-up

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