Nestlé to sell six confectionery brands in New Zealand
Nestlé New Zealand has reached a conditional agreement to sell six confectionery brands to Quadrant Private Equity to focus on its chocolate, baking and medicated lozengers.
Archives for July 16, 2018
Uswatte to tap into Sri Lanka’s growing love for biscuits
Uswatte Confectionery Works is hoping to fill an untapped vacuum in the Sri Lankan biscuit market with the launch of Uswatte Golden Biscuits.
Financial results
Lower cocoa beans and sugar prices take a toll on Barry Callebaut’s nine-month sales
Barry Callebaut’s nine-month revenue ending May 31, 2018, has reportedly declined by 2.4% to CHF 5.2bn ($5.19) compared to a year ago. The sales decrease was mainly caused by lower prices of raw materials, including cocoa beans and sugar, in late last year.
Japanese food manufacturer sets up independent factory to produce allergen-free chocolates
Allergen-Free Foods, an arm of Nikkoh Co., is targeting growth with free-from chocolates after establishing an independent factory to develop products that do not contain 27 types of allergens.