Nestlе

Nestle may sell US confectionery business

Swiss food giant Nestle has said it could sell its US confectionery business. The business includes brands such as Butterfinger, BabyRuth, 100Grand, SkinnyCow and Raisinets. Nestle had previously described the US business as “disappointing”. The potential deal, which would represent about 3% of its US sales, will not include its Toll House bakery business. “Nestle […]






Nestlе

Nestlé sales go flat in first quarter

Swiss food and drink giant Nestlé has reported anaemic sales growth as Asian market strength was offset by weak consumer spending in the Americas. First quarter sales rose 0.4 percent to 21 billion Swiss francs (21.1 billion dollars), slightly below analyst expectations of 21.3 billion francs, compiled bythe AWP agency. But organic sales growth, which […]






Nestlе

Nestle optimistic despite dip in profits

Nestle, the world’s largest food company, last week reported a 9.1 percent fall in profits through the first six months of 2016, but said its sluggish performance should be reversed in a strong second half. The Switzerland-based company posted 4.1 billion Swiss francs ($4.3 billion, 3.9 billion euros) in profits through the first half of […]