Nestle | featured news

Germany's JAB to buy Douwe Egberts firm in $9.8 billion deal

German investor Joh A Benckiser (JAB) is to buy the owner of Douwe Egberts coffee in a 7.5-billion-euro ($9.8 billion) deal to create a global hot drinks empire aimed at taking on market leaders Nestle and Mondelez.


Nestle finds horse meat in beef pasta meals

Nestle SA has withdrawn beef pasta meals from sale in Italy and Spain after tests found horse DNA. Horse meat has found its way into ready-to-eat meals sold across Europe in a meat mislabeling scandal that has shaken the food industry.


Nestle Offers $1.7 Billion For 60% Stake In Hsu Fu Chi

The Swiss food giant Nestle SA has offered to buy 60% of Chinese snacks and candy company Hsu Fu Chi International for 2.1 billion Singapore dollars ($1.7 billion). The world’s largest food company agreed to pay S$4.35 ($3.56) for each share of Singapore-listed Hsu Fu Chi, an 8.7% premium on Friday’s closing price.


Cookie-dough illnesses may result in 200 layoffs

A Nestle plant linked to an outbreak of illness has been shut temporarily, and the company said Monday that it expects to lay off more than 200 workers as a result.


Gore Pushes CEOs To Back Climate Change Deal

Climate-change heavyweights U.N. chief Ban Ki-moon and Nobel prize winner Al Gore urged more than 500 business leaders on Sunday to lend their corporate muscle to reaching a global deal on reducing greenhouse gases. The CEOs of PepsiCo, Nestle, BP and other major world businesses began meeting in Copenhagen, where politicians will gather in December to negotiate a new U.N.-brokered climate treaty.


Subscribe to this RSS topic: Syndicate content