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The Latest Breaking News from Nestle

French State Covered Up Nestle Water Scandal: Senate Report

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, a Senate investigation said Monday.

International Business Times

Perrier Ordered To Remove Water Filters

Regional French authorities ordered Nestle on Wednesday to remove a system that filters Perrier and to renew its authorisation to call it natural mineral water, marking the latest turn in a saga that has ensnared the government.

International Business Times

Popular UK chocolate bar set to see steep price hike as costs soar

Prices have already risen for several popular chocolate bars

The Independent UK

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KitKat maker Nestle reveals steep price hikes for coffee and chocolate

The firm raised prices by 2.1% overall in the first quarter, with double-digit hikes in some markets.

Evening Standard

Easter eggs up to 50% more expensive than last year

It comes after a steep fall in global cocoa production, driven by higher temperatures hindering the quality and quantity of beans.

The Independent UK

Lean Cuisine and Stouffer's meals recalled for 'wood-like material' linked to choking

Nestle USA has recalled certain batches of its Lean Cuisine and Stouffer's frozen meals

The Independent UK

Field-by-field data helping to measure regenerative impact on dairy farms

The consumer giant is working with the First Milk farmer-owned co-operative to share the risk of rolling out greener practices in its supply chain.

Evening Standard

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Nestle Sales Beat Forecast After Price Hikes

Swiss food giant Nestle reported better-than-expected annual sales on Thursday, boosting its shares after the maker of Nescafe coffee, KitKat chocolate and Purina dog food hiked prices to offset inflation.

International Business Times

Nestle Share Slump Adds Pressure On New Boss

Nestle's slumping share price is rattling shareholders and pension funds that have invested in the food giant, piling pressure on its new boss ahead of Thursday's annual results.

International Business Times

Aliens, sloths and silliness: Super Bowl ads offer laughs, celebs and surprises to win over viewers

Eugene Levy’s trademark eyebrows fly off for Little Caesars

The Independent UK

Inside the secret history of Design for Good, an alliance between companies with $4 trillion in market cap to devise solutions to the world’s biggest problems

Design for Good co-founder Ben Sheppard explains why big names like Microsoft, Nestle and DBS got involved.

Fortune

Coffee drinkers braced for cost increase as bean prices reach record high

The price for arabica beans – the world’s most popular bean variety- reached a 47-year high this week.

The Independent UK

Quality Street discontinues chocolate labelled 'favourite of all time' by fans

QUALITY Street has revealed it's fan favourite Collisions chocolate bar has been discontinued...

The National (Scotland)

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

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Autosport

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.

Evening Standard

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.

International Business Times

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.

Evening Standard

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

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International Business Times

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.

The Independent UK

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

Evening Standard

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’

The Guardian - AU

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’

Barchart

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.

International Business Times

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.

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