Page 2 - Nestle

Here's what went wrong for Nestle's recently ousted CEO Schneider

This feat was particularly remarkable, given the hit industry margins took during the pandemic

Abrupt CEO change prompted by growth concerns, says Nestle Chairman

Bulcke didn't address the firm's guidance, currently set at an underlying operating margin of at least 17.5 per cent for 2025

Nestle to focus on food sales again after CEO's experimental bets

Companies like Nestle are grappling with sluggish demand, as inflation-squeezed shoppers tighten their belts

Nestle CEO joins line of consumer bosses felled by rising living cost

After eight years as CEO of the Swiss maker of Nespresso coffee and Purina pet foods, Schneider will be replaced by Latin America chief Laurent Freixe

Nestle replaces CEO Mark Schneider with company veteran Laurent Freixe

Shares at the maker of KitKat chocolate bars and Nescafe instant coffee have fallen 8% in 2024, underperforming rivals like Unilever which has gained 29%

All About the Visionary and Her Vision Behind This Unique Petting Zoo in New Delhi

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P&G records surprise sales drop as demand slows despite price restraint

The company's rivals, including Nestle and Unilever , also reported first-half sales growth below expectations

Nestle net profit up 7% as key brands register double-digit growth

The company had reported a net profit of Rs 698.3 crore in the year-ago period

Nestle cuts sales outlook as consumers become increasingly cost-conscious

"There is value-seeking behaviour among consumers. There is pressure, especially at the low-income range," CEO Mark Schneider said in a media call

Nestle chocolate may flag more price hike by Christmas as cocoa costs bite

As companies like Nestle raised their chocolate prices, they ceded sales volumes to cheaper rivals including Tesco and other supermarkets' own brands

Nestle India investors clear royalty payments to parent co at existing rate

FMCG firm Nestle India on Monday said its shareholders have approved to continue paying royalty to its parent firm at the current rate of 4.5 per cent of the net sales. Earlier in May this year, the shareholders of the company had rejected a proposal to increase payment of royalty to parent Socit des Produits Nestl S.A (licensor) by 0.15 per cent per year for the next five years thereby enhancing it to 5.25 per cent of net sales. Subsequently, last month the board of directors of the company at its meeting approved continuation of payment of general licence fees (royalty) at the existing rate of 4.5 per cent to Socit des Produits Nestl S.A. and recommended to the members of the company for their approval. The members of the company at its AGM (annual general meeting) held on July 8, 2024 have approved the ordinary resolution to continue the payment of general licence fees (royalty) at the existing rate of 4.5 per cent with 99.54 per cent of valid votes in favour and 0.46 per cent ..

After repairing war-damaged factory, Mondelez resumes ops in Ukraine

Mondelez's rivals including Nestle, the world's biggest food company, continue to sell their products in Russia. Food does not fall under international sanctions

Nestle India shareholders vote against hiking royalty payment to parent

In its report dated May 3, Institutional Investor Advisory Services advised shareholders to vote against the resolution to hike royalty payment to its parent

Nestle India shareholders vote against increase in royalty to Swiss parent

About 70.8% of public shareholders voted against the increase, a filing showed

Pepsico India starts trials to replace palm oil in Lay's: Here's why

PepsiCo India has initiated trials to replace palm oil and palmolein with a combination of sunflower oil and palmolein in Lay's chips

Added sugars in Cerelac within limits, charges untrue: Nestle India CMD

Narayanan reiterated that according to FSSAI, the maximum permissible limit for added sugars is 13.6 gram per 100 gram of feed, while Nestle is at 7.1 gram of sugar per 100 gram

Infant food formulated globally, stereotype charges unfortunate: Nestle

Nestle India Chairman & Managing Director Suresh Narayanan on Monday asserted that the company's infant food formulation for children below 18 months is done on a global basis and the allegation that "it is racially stereotyped is unfortunate" and untrue. Addressing reporters here, he said the amount of sugar content in infant foods is determined by the capability to meet the nutrition profile of a particular age group and that is universal. Nestle India's added sugar content in Cerelac is much lower than the upper limit prescribed by FSSAI, he added. "There is nothing in this product that makes it a product that is potentially of any risk or any kind of harm to the child," he said. As far as Nestle is concerned, he said a majority of sugars present in the product are natural sugars. As per the Food Safety & Standards Authority of India (FSSAI), the permissible level of added sugar is 13.6 grams per 100 grams of feed. "Nestle is 7.1 grams, which is well below the standards and

Nestle misses sales estimates after hiking prices across board in Q1

The maker of Maggi noodles, Nescafe coffee and KitKat chocolate wafer bars confirmed its 2024 guidance of organic sales growth of about 4 per cent

HUL rebrands Horlicks as 'functional nutritional drink', removes 'health'

Rebranding offers clearer and more transparent representation of the product category, says company

Are Nestlé's baby food products really good for infants and children?