The European Commission has cleared Nestle's proposed
acquisition of Novartis's Gerber business, saying it would not
lead to an uncompetitive concentration in baby foods and
cereals.
Nestle today refused to confirm reports that they had turned down a
merger with PepsiCo last spring, a deal that would have created one
of the largest and most powerful food and beverage companies in the
world.
Nestle is eyeing organic growth in health, wellness and nutrition
of five to six per cent over the next ten years, the chief
financial officer was due to told investors at a seminar today.
Swiss food giant Nestlé has announced a first-quarter sales rise of
14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations
and reconfirming its full-year target of a five to six per cent
growth rate.
Nestlé UK has followed the lead of General Mills across the
Atlantic, announcing today that from June 2005 every box of Nestlé
breakfast cereals will be made with whole grains.
Cross-segment product launches are nothing new in the food
industry, but the pace of new product development appears to have
quickened in recent years as manufacturers seek to leverage the
strength of their brand by reinventing it...
Leading producers of baby food in China are continuing efforts to
reassure consumers as the scandal over fake baby food that is said
to have killed dozens of babies continues to unfold, reports
Simon Pitman and Danny Vincent.
Nestlé continues to pursue its strategy of getting a foothold in
just about every food market in the world. The recent purchase of
Ukrainian food processor Volyn Holding is the latest in a list of
acquisitions designed to cement the...
Nestlé is attempting to cash in on the growing coffee market in
Russia with the construction of a new production facility dedicated
to its Nescafe brand.
Nestle subsidiary Cereal Partners UK has entered the rapidly
growing cereal bar market, with the launch of three new bars. The
'Cereal and Milk Bars', already available in France, Portugal and
Spain, are made from the Nestle...
Swiss food producer Nestle has been given the green light to
complete the purchase of Chef America, while Dutch retail group
Ahold will extend its foodservice presence in the US with the
acqusition of Lady Baltimore Foods.
Coca-Cola Hellenic Bottling, the second largest bottler of
Coca-Cola products, has announced that it will buy the Swiss
mineral water bottling company Valser Mineralquellen.
