As climate change has helped push cocoa prices higher, companies are changing candy recipes in subtle ways.
Category: Nestle SA
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Nestlé to Slash 16,000 Jobs in Cost-Cutting Push
The company’s new chief executive, Philipp Navratil, announced the reductions as part of a plan to turn around the world’s largest food company.
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Irish Factory Prospered Because of China’s Babies. Then Nestlé Pulled the Plug.
China’s baby boom enriched a small Irish town where a Nestlé factory made formula for Chinese newborns. Then a baby bust unraveled it all. Or so it seemed.
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Nestlé Dismisses CEO Laurent Freixe Over Inappropriate Relationship With a Subordinate
The world’s largest food company named Philipp Navratil, a longtime employee, to replace Laurent Freixe.
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Trump’s Tariffs Have Unsettled Thailand’s Pet Food Exporters
After rapid growth, Thailand is the biggest overseas supplier of pet food in the United States. Volatility in policy has some importers looking elsewhere.
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French Government and Nestlé Accused of Cover-Up in Perrier Water Scandal
An inquiry accused Nestlé and French officials of hiding the company’s practice of filtering Perrier water it labels “natural.” The head of Nestlé has suggested that human activity is making pure water scarcer.
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Higher Food Prices Bring Bigger Profits, but Consumers Start to Resist
Some of the biggest packaged food companies raised their prices last quarter and their profits rose, but some customers were starting to cut back or trade down.
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Gourmet Dog Food Has Pet Owners Sending Kibbles Back
Dog ownership surged during the pandemic. So did the options for fresh, human-grade dog food, an expanding market.
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Consumer Giants Keep Raising Prices as Profits Come Under Pressure
The New York Times – Business:Nestlé and Procter & Gamble reported resilient earnings as they brought in more money from selling fewer goods.