
Nestlé investors demand early exit of chairman Paul Bulcke amid CEO scandal
Investors want chairman Paul Bulcke out now. With trust shaken and shares slipping, pressure mounts for Pablo Isla to take the reins early
Investors want chairman Paul Bulcke out now. With trust shaken and shares slipping, pressure mounts for Pablo Isla to take the reins early
From Kraft Heinz’s split to Mars and Kellanova’s mega-merger, the world’s biggest food brands are reshaping the industry
Nestlé’s CEO scandal has rattled investors, triggering a share price dip and raising fresh concerns over leadership stability at the food giant
The CFO spoke out on why Freixe was let go – and why Philipp Navratil was picked for the CEO job
It’s not unheard of, but Nestlé being on its third CEO in two years is an anomaly. Here are the circumstances leading up to the appointment of new CEO Philipp Navratil
Philipp Navratil gets top job as Laurent Freixe dismissed
Two food and drink giants reveal key strategies to secure raw materials vital to business survival, as climate change exposes the fragility of global supply chains
Nestlé continues move away from plant-based as market growth slows
Amid a cocoa crisis, the biggest names in chocolate are working to futureproof supply
The KitKat and Aero maker hopes to yield more chocolate from fewer cocoa fruits
Who’s rising, who’s falling, and who didn’t make the cut
Major brands like Nestlé and Pladis have had to drop the word ‘chocolate’ from some products as cocoa content falls below legal thresholds
New product development
From bakery-inspired indulgence to non-HFSS innovation and ethical sourcing, confectionery and moving fast
Opinion
Big food has consistently increased chocolate bar prices as input costs rise, but what do Nestlé’s revenues say about consumers’ appetite to pay more?
Nestlé surprises with stronger-than-expected growth, but a sales dip and leadership shake-up hint at deeper challenges
Food and beverage giant Nestlé reveals strong organic sales and positive growth forecast despite challenging market
The giants of food and beverage are working together to make cocoa more sustainable
Up to the minute updates from the Swiss food and beverage giant
The multinational has seen better-than-expected sales growth, but is beset with significant declines
Brits will be giving the gift of chocolate this Christmas as Quality Street is named to top brand shared among 25-34 year olds this December, according to new research by OnePoll.
The multinational candy maker aligns with shoppers’ interest in value-oriented products reflected through its Reese’s and Kit Kat brands, while Jolly Ranchers' brand refresh features new textures and formats.
New Product Development
From Cadbury’s ‘fast start’ on Christmas to a pop-up return of the Caramac, meet the latest confectionery launches disrupting the industry
Discover how Nestlé's secret weapon is transforming cocoa farming, with an innovative approach to incentivising sustainable practices
Most cocoa farmers don’t earn a living income. Why not? And should they all?
Smart technology
With AI at the helm, the confectionery industry is entering a new era of innovation and efficiency, transforming everything from product creation to personalized marketing strategies. Here's how
As consumers’ ethical values become ever more baked into their confectionery choices, from Hershey to Mondelez and Nestle, we explore the ways brands are pivoting to more sustainable practises
Marketing
Nestlé’s Aero has launched a new ‘ShAero’ marketing campaign in the UK and Ireland, with an on-pack promotion that will see more than 33,000 sharing bars of Aero Peppermint up for grabs.
World Cocoa Conference 2024
Against a backdrop of cocoa topping $11,000 per metric ton on the futures market for the first time last week, Oxfam says its experts will be highlighting the discrepancies in farmgate price at this week’s World Cocoa Conference (WCC) in Brussels (21-24...
Company news
Nestlé shareholders rejected a resolution at its annual general meeting (AGM) on Thursday (19 April) demanding the KitKat maker reduce its reliance on unhealthy products.
sustainability
Nestlé has announced it is launching two new projects to help address the impact of climate change on cocoa and reduce and remove carbon emissions from its supply chains—as part of its commitment to reach net zero emissions by 2050.
Easter 2024
Nestlé Confectionery shares its 2024 Easter line-up, bringing egg-citing new products and popular classics to shop shelves across the UK & Ireland.
Retail
Nestlé International Travel Retail is launching its new sustainable KitKat to connect European travelling consumers with farmers and raise awareness about the cocoa used in the iconic bars.
Financial Results
KitKat, once again, proved to be Nestlé’s most resilient confectionery treat recording strong growth across all regions in what was otherwise a disappointing full-year results report for 2023 with lower than expected sales due to high inflation and lower...
Sustainability
KitKat, one of Nestlé’s most popular and innovative confectionery brands, will now become its most sustainable after the company announced the snack bar will be made with 100% chocolate sourced from the Income Accelerator Programme (IAP)
NPD
In a first for both KitKat and Nestlé Confectionery in the UK and Ireland, the dark chocolate bar is made with cocoa mass sourced from farmers and their families enrolled in Nestlé’s cocoa income accelerator programme.
Nestlé Professional tapped into UK social networks and found that branded confectionery can play a significant role in boosting the enjoyment of sweet bakery.
Manufacturing
The former Nestlé factory at Fawdon, Newcastle, due to shut at the end of December, has been bought by British baker Country Style Foods, which makes bread, cakes and baked goods, it has been revealed.
M&As
Mars has bought ailing UK business Hotel Chocolat for approximately £534 million ($662.25 million) in a deal announced to the London stock market this morning.
Confectionery
As if the news that Nestlé is discontinuing the decades-old favourite Caramac bar had left a bad taste in the mouth for some, UK consumers have been equally left devastated by the announcement from Mars that it is ending production of the Milkyway Crispy...
Special report
Consumer Reports (CR), a US independent, non-profit member organisation, has doubled down on its campaign against lead and cadmium in chocolate and urges changes after a new survey finds a third of products contain ‘concerning’ levels of heavy metals.
Financial results
In a market statement relating to its nine-month sales for 2023, Nestlé said growth was broad-based across most geographies and categories.
The project will see Cargill supply cocoa shells to CCm Technologies, who in turn will manufacture fertiliser for two farms supplying Nestlé UK & Ireland.
M&As
Nestlé has announced an agreement with Advent International to acquire a majority stake in Grupo CRM, which owns more than 1,000 chocolate boutiques under the Kopenhagen and Brasil Cacau brands across the county, along with a strong and growing online...
Production
The Swiss company said it is tripling the amount invested in the last four years in its chocolate and biscuit operations in Brazil to 2.7bn reais ($550.8 million) for the next three years.
Sustainability
Nestlé has published a progress report on its Income Accelerator Program, launched at the beginning of 2022 in Cote d’Ivoire, to support cocoa farmers in Côte d'Ivoire and incentivise them into greater productivity.
Financial results
Nestlé has reported better-than-expected first-half organic sales in its half-year results for 2023 and said it improved its full-year organic sales outlook after raising prices to cope with higher production costs.
News
Food and drink processor Nestle has rolled out a new technology which its claims can reduce the sugar content of ingredients.
Sustaiability
Nestlé is driving a fresh incentive to protect the Cavally Forest, which lies adjacent to cocoa production areas in western Cote d'Ivoire, and is one of the last remaining dense forests and a primary biodiversity spot threatened by deforestation.
Sustainability
Charity calls for ‘Big Chocolate’ to pay more to Ghana’s cocoa farmers after it revealed that their net incomes have fallen on average by 16% since 2020, with women’s incomes falling by nearly 22%.
Nestlé officially inaugurated its Lausanne, Switzerland-based research institute, Institute of Agricultural Sciences, to improve agricultural sustainability throughout its supply chain.