Nestlé announced that it has acquired a majority stake in Terrafertil, a company selling natural, organic, plant-based foods and healthy snacks. The move widens Nestlé’s presence in a fast-growing category in Latin America, the United States and the United Kingdom. Nestle did not say how much it was paying and how big a stake it was taking in the company…. Read more »
Swiss confectioner Nestlé plans to introduce its leading premium chocolate brand, Les Recettes De L’Atelier, to the UK following impressive growth across Europe. Although the high-end chocolate brand may not yet be familiar to the British market, supplies have just started via Sainsbury’s with stores stocking a range of smooth Swiss chocolate blocks with natural fruit pieces. The brand, which… Read more »
Mars Chocolate and Wrigley Canada are now officially operating as one business, known as Mars Wrigley Confectionery, which is part of Mars Canada. The business will incorporate some of Canada’s most popular confectionery brands, including Skittles, Twix and Starburst. Forming part of the new business is the newly renovated chocolate manufacturing facility in Ontario. The site is the first in North America to produce Maltesers… Read more »
Nestlé has agreed to sell its US confectionery business, made up of more than 20 brands, to Italian confectionery giant Ferrero for $2.8bn. The confectionery business of Nestle in the US makes up about 3% of US Nestle Group sales. In 2016, the US confectionery business earned around $900m for the group. Some of the well-known chocolate brands of Nestle… Read more »
Ferrero is reportedly close to buying Nestlé’s US confectionery business in a deal which is expected to reach $2.8 billion. The Italian company, which produces Nutella, Tic Tacs and Ferrero Rocher, is keen to expand its business in the US following last year’s purchases of Ferrara Candy – the third-largest manufacturer of non-chocolate confectionery in the US – and boxed… Read more »
In the conclusion of an investigation from back in 2013, Italy’s antitrust agency AGCM has fined Unilever over €60mn for ice cream market abuse. Italy’s antitrust agency AGCM has imposed a fine of over €60mn on the Italian arm of the world’s biggest ice cream maker, Unilever, for ‘abuse of its dominant position in Italy’s ice cream market’. Amongst the… Read more »
Forever Chocolate has been shortlisted in the category Sustainable Business Communication of the Year of the Responsible Business Awards, which, in turn, is great recognition for Barry Callebaut’s Forever Chocolate strategy. Barry Callebaut’s sustainability strategy “Forever Chocolate” holds the ambition to move sustainable chocolate from niche to norm in less than a decade and by 2025 address the biggest sustainability challenges… Read more »
Barry Callebaut completes investments in two manufacturing facilities and introduces new warehouse The Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, today announced it has completed two expansion projects in the US. Factories located in American Canyon, California and Chicago, Illinois recently received significant investment totaling nearly $25 million, which is within the annual CAPEX… Read more »
When President Trump pulled the United States out of the Paris climate agreement, many were worried that it could spell the end of the accord. The concern was that if as big a player as the US was to leave, other countries would see little point in remaining. But in a strange twist of fate, the reverse has happened. Nations… Read more »
The Bimbo baking company announced today that it will invest 2.3 billion pesos (about 129 million dollars) in the construction of the “largest and most modern” distribution center in the country. Industry in America. The baking company Bimbo announced today that it will invest 2.3 billion pesos (about 129 million dollars) in the construction of the distribution center “more Large… Read more »
