Posted by Turgut Ziyal on Saturday, December 24, 2011,
In :
confectionery
An interesting and short presentation compiled by confectionery.com: click here Continue reading ...
Nestlé is in talks to buy leading Chinese confectionery firm Hsu Fu Chiin, a deal that would cost about $2.6bn.
Nestlé confirmed that it "is engaged in preliminary confidential discussions with Hsu Fu Chi." but added that it has no further comments to make at this stage. "Strategically, we would view the deal positively since it would give Nestlé access to China’s fast-growth $6bn confectionery market and allow the group a number of international cross-selling opportunities,” claim... Continue reading ...
Posted by Turgut Ziyal on Friday, July 8, 2011,
In :
companies
Nestlé, the food group, is heightening its focus on Africa in a bid engage the region's new generation of "emerging consumers". Speaking to Bloomberg, Frits van Dijk, the firm's zone director for Asia, Oceania, Africa and the Middle East, argued economic growth and associated trends were exerting a profound effect. "We are very bullish about the African continent," he said. "The continent will soon have a billion people, and while admittedly income levels are very low, they are rising." Over ... Continue reading ...
Posted by Turgut Ziyal on Sunday, March 13, 2011,
In :
confectionery
UK Fairtrade sales jumped 40 per cent to an estimated retail value of £1.17bn in 2010 from £836m in 2009.
Sales of Fairtrade chocolate confectionery have more than quadrupled in 2010 to an estimated retail value of £342m, making chocolate the leading Fairtrade product by value in the UK, according to the Foundation. Sales of Fairtrade drinking chocolate have nearly trebled to an estimated retail value of £34m, it added.
Eileen Maybin, a spokesperson for the Fairtrade Foundation told t... Continue reading ...
Posted by Turgut Ziyal on Sunday, March 13, 2011,
In :
Marketing
Several of the multinational confectionery brands are launching new ad campaigns to highlight existing brands. Kraft introduced the new £4 million tv campaign for Toblerone on 1 March. It features a woman going to extraordinary lengths to enjoy her Toblerone, such as using a hairpin and the lid of a grand piano to break a piece off. “Our TV and online campaigns are only the start. We’re looking forward to growing its loyal customer base,” says brand manager Stephanie Rasche.Meanwhile... Continue reading ...
Posted by Turgut Ziyal on Monday, February 21, 2011,
In :
companies
Nestle will use price increases as a last resort in the face of rising raw material costs, says its CEO, and only after implementing its 4-point strategy based on trend predictions, engaging suppliers, replacing ingredients, and cutting down waste.
Nestlé reported full year sales of CHF109.7bn, representing 6.2 per cent organic growth and 4.6 per cent real internal growth. Growth was seen across all product categories, and across all geographies. Nestlé is predicting organic growth of b... Continue reading ...
Nestlé has bought the British pharmaceuticals firm behind an innovative new chewing gum designed to help those suffering with kidney disease. Nestlé acquired CM&D Pharma for an undisclosed sum, expanding its scientific division, Nestle Health Science, which specialises in the development of nutritional treatments. CM&D Pharma is the company behind a number of innovative products, including Fostrap gum for patients with chronic kidney disease, which is currently entering the final phase of it... Continue reading ...
Nestlé has sold its Russian confectionery division, Altai Confectionery, in a reported bid to focus on its core brands, according to media reports. Private company Corminus Enterprises, which is headed by former Nestlé executive Igor Kubanov, is reported to have acquired the business from Nestlé for an undisclosed sum. The transaction is expected to be closed in the second quarter of 2011. Stefan De Loecker, CEO of Nestlé Russia said that "The sale of this company will allow Nestlé in Ru... Continue reading ...
Posted by Turgut Ziyal on Friday, January 7, 2011,
In :
confectionery
According to news in Turkish press Ferrero will start production in Turkey. Ferrero has recently bought a 140 k m2 land in Manisa (an industrial city at the west coast of Turkey near to Izmir). Ferrero will invest 30 million Euros for building the manufacturing plant. Currently Ferrero imports several products to Turkey but their prime product is Kinder Surprise. Recently Nestlé Turkey has also entered into surprise egg market by acquiring 51% of Balaban and Dogan who are manufacturing "toto... Continue reading ...
Posted by Turgut Ziyal on Monday, December 13, 2010,
In :
companies
Nestlé has opened a US $136m manufacturing facility in Dubai which will be the third largest Kit Kat plant worldwide. The facility aims to serve Nestlé markets across the region, manufacturing Nestle brands such as Nido Milk and bottled water.
Yves Manghardt, chairman and CEO of Nestlé Middle East said: “With such a facility we will be able to meet the fast-rising regional demand and eventually contemplate exporting to other regions.”
Nestlé gets about a third of its revenue from... Continue reading ...
Posted by Turgut Ziyal on Wednesday, December 1, 2010,
In :
companies
Nestle has unveiled its plans to push sales and encourage growth for Easter 2011 in UK.
The chocolate manufacturer has announced that novelty and impulse lines will be leading the seasonal line up for 2011, a key sales period for confectionary.
Next year will see the launch of an Aero Lamb and Smarties Spring Friends including a hollow chocolate chicken and egg filled with Smarties.
Targeting children and their parents, the Easter range hopes to capitalize on impulse gift purchases over th... Continue reading ...
Posted by Turgut Ziyal on Tuesday, September 28, 2010,
In :
companies
Nestlé announced the creation of Nestlé Health Science S.A. and the Nestlé Institute of Health Sciences to pioneer a new industry between food and pharma. These two separate organisations will allow Nestlé to develop the innovative area of personalised health science nutrition to prevent and treat health conditions such as diabetes, obesity, cardiovascular disease and Alzheimer's disease, which are placing an unsustainable burden on the world's healthcare systems.
Nestlé Health Science ... Continue reading ...
Posted by Turgut Ziyal on Tuesday, September 28, 2010,
In :
human resources
Nestle has appointed Mr. Chris Johnson as executive vice president for its Americas division.
Johnson, who has been in charge of Nestle Japan since 2007, will take over from Luis Cantarell, who will take up the role of president and CEO of the firm's health sciences division from 1 January 2011.
Johnson started his career with Nestle in 1983 as a marketing trainee in the US before a move to Japan in 1991. He was made senior area manager for the Asian region of Nestlé Waters in Paris from 1... Continue reading ...
Posted by Turgut Ziyal on Tuesday, September 14, 2010,
In :
confectionery
Nestlé reports that an upgrade to its premium chocolate manufacturing facility in the Samara region of Russia will transform it into a key competence centre for confectionery products in Europe.
Two production lines from a Moscow plant owned by Nestlé are being transferred to its Confectionery Union Rossiya factory, in a move that will create 149 new jobs, said the Swiss group.
Nestlé has built up a strong presence in Russia over the past 15 years. The Swiss group operates 13 productio... Continue reading ...
Nestle is to acquire a majority stake in Guatemalan soups-to-curry producer Malher Group.
The transaction fits in with its strategy to expand in emerging markets and will allow it to strengthen its position in the culinary markets in Guatemala. Malher Group and its prestigious brands will consolidate Nestle’s leadership in the culinary category in the Central American Region.This association will be very positive as it will complement Nestlé’s research and development expertise with Mal... Continue reading ...
Posted by Turgut Ziyal on Wednesday, July 28, 2010,
In :
Marketing
Nestlé is the leading multinational company when it comes to developing marketing strategies for Muslim consumers, according to Miles Young, worldwide CEO of Ogilvy & Mather. Speaking to Warc at the Oxford Global Islamic Branding and Marketing Forum at the Saïd Business School, Young said Nestlé had most quickly identified Muslim shoppers as an important demographic."Nestlé is probably the role model for doing this properly. It has done it out of conviction – there's a commitment in ever... Continue reading ...
Posted by Turgut Ziyal on Friday, July 16, 2010,
In :
health
Nestle SA subsidiary in US has agreed to drop advertising claims that its children's drink BOOST Kid Essentials prevents colds and flu, the Federal Trade Commission said on Wednesday. The FTC, which pursues deceptive advertising, took issue with claims that BOOST prevented colds and flu by strengthening the immune system, focusing on advertisements for a drink embedded with probiotic bacteria.
"Nestle's claims that its probiotic product would prevent kids from getting sick or missing school ... Continue reading ...
Posted by Turgut Ziyal on Tuesday, July 6, 2010,
In :
food news
Swiss food group Nestlé is going to invest US$93.0 mill. in the construction of a Coffee-mate and Bear Brand powdered milk factory in the Philippines. Mr.John Miller, chairman and CEO for Nestlé Philippines, announced that the construction will start this month and is expected to be completed in March 2012, on Friday (2 July).
The new facility will employ around 170 staff in addition to generating jobs in other sectors that will provide the facility with raw materials and services.
In a... Continue reading ...
Posted by Turgut Ziyal on Monday, June 28, 2010,
In :
FMCG
The world's biggest food group, Nestle, expects fast-growing emerging markets to drive future growth, helped by new products aimed at ageing populations in mature markets. Mr. Paul Bulcke, the CEO of Nestle Group said in an interview to Reuters that despite debt problems in southern Europe and budget cutbacks across the continent, it remains optimistic on growth and would stick to its annual worldwide "Nestle model" for 5 to 6 percent growth over time. "The developed world has a few things to... Continue reading ...
Hershey and Nestle are among the final bidders for Wedel, the Polish business Kraft Foods acquired from Cadbury takeover, which is going to be sold to win the EU clearance for the acquisition of Cadbury.
It is reported that Kraft has shortlisted potential buyers to six, including two buyout firms and four strategic players. Final bids are due by the third week of June.Private-equity firms include Bridgepoint and Advent International, along with Nestle and Hershey.
Wedel is said to be valued... Continue reading ...
Posted by Turgut Ziyal on Friday, June 11, 2010,
In :
confectionery
Hrshey's Indian joint venture Godrej Hershey is reported to be introducing chocolate products into Indian confectionery market. The JV was established in 2007, and it was focused on mainly food and sugar confectionery products in India.Hershey holds 51% of the joint venture. The JV has already introduced a chocolate syrup into the Indian market from Hershey's portfolio.
According to Euromonitor reports that the growing Asian economies and rising consumer affluence have resulted in consumer... Continue reading ...
Posted by Turgut Ziyal on Friday, June 4, 2010,
In :
food news
According to Forbes magazine, Reputation Institute, a global private consulting firm based in New York, uncovered 28 companies that have established international merit. Earlier this year it conducted a survey to assess the strength of the world's 600 largest companies (by revenue) in their home countries. Then consumers in 24 countries, from Brazil and the U.S. to Spain and South Korea, judged the 54 highest-rated companies, giving them more than 181,000 reputation ratings--from 0 to 100--on... Continue reading ...
Posted by Turgut Ziyal on Tuesday, May 25, 2010,
In :
food news
Dairy group Danone is at the top of the list for category dominance in the European food sector, followed by Unilever and Nestle, according to a new report by Sanford C. Bernstein Research Company of USA. The researcher identifies a sustainable top line growth based on categories, markets, category dominance and execution. Holding the top position in a category is considered a major business advantage, not only because of higher sales volumes but also because it allows for improved negotiatio... Continue reading ...
Posted by Turgut Ziyal on Monday, May 17, 2010,
In :
environment
Nestlé announced today that it will stop using products that come from rainforest destruction. The move follows a two month Greenpeace campaign that exposed Nestlé's use of palm oil in products like KitKat. The expansion of palm oil and pulp plantations is driving the destruction of Indonesia's rainforests and peatlands and pushing endangered orang-utans to the brink of extinction.
Greenpeace International Forest Campaign Head Pat Venditti said they are happy with Nestle's move but they e... Continue reading ...
Anglo-Dutch consumer goods giant Unilever has appointed former Nestle executive Eugenio Minvielle to oversee the company's North American businesses. Mr. Minvielle who served as president and CEO of Nestle's businesses in France, Mexico and Venezuela, will join Unilever as executive vice president, North America. Mr.Minvielle will be responsible for Unilever’s US$10bn operations in the US, Canada and the Caribbean. He will report to Dave Lewis who was recently appointed to replace Michael P... Continue reading ...
Posted by Turgut Ziyal on Wednesday, April 14, 2010,
In :
environment
Nestlé S.A. has published the new Creating Shared Value (CSV) Report 2009, which successfully highlights Nestlé’s drive in nutrition, water and environmental sustainability and rural development.
Hilary Parsons, Public Affairs Manager for Nestlé S.A., said: “We issued our first global CSV report in 2008 (covering 2007) and committed to issuing a similar report every two years. This new report is our most comprehensive yet and shows our progress in implementing Creating Shared Value acr... Continue reading ...
Posted by Turgut Ziyal on Wednesday, April 7, 2010,
In :
dairy
Nestlé, the world's largest food maker, has opened an ice cream and dairy facility in the Philippines. The size of investment is PHP700m (US$15.6m).
The company has opened a site in in Pulilan’s Barangay Tibag to make products "appealing to Filipino taste preferences".
John Miller, chairman and CEO of Nestle Philippines, said: "We hope to be able to help make a positive difference in the lives of our consumers as we stay true to our mission of nurturing generations of Filipino families.... Continue reading ...
Posted by Turgut Ziyal on Thursday, April 1, 2010,
In :
companies
Nestle has opened a new a production facility for powdered milk and a packaging unit for imported Mackintosh's Quality Street chocolates.
Located in Dubai's TechnoPark, the facility will also manufacture chocolates and wafers later this year. In addition, Nestle Pure Life bottled water will also be produced and distributed from the facility.
Yves Manghardt, Chairman and CEO of Nestle Middle East, commented: "The production capacity of the new facility will be more than 100,000 tons per year... Continue reading ...
Posted by Turgut Ziyal on Monday, March 29, 2010,
In :
labelling
French food group Danone waits a European ruling on the health benefit claims it makes on two of its best-selling yoghurts Activia and Actimel. The decision expected from the European Food Safety Authority (EFSA) is important for Danone mainly because its strategy focuses on differentiating dairy brands with a "good for you" proposition. If a negative decision appears, this could ultimately force Danone to redesign its growth model in dairy business, which made up almost 60 percent of the gr... Continue reading ...
Posted by Turgut Ziyal on Monday, March 22, 2010,
In :
general
In USA, Nestle USA, Inc. and Mars, Inc. have joined top beverage companies, health groups and the National Parent Teacher Association to support legislation that would update nutrition standards for all foods sold in the nation’s schools.
Jointly signing a letter from the American Beverage Association (ABA), along with Coca-Cola Co. and PepsiCo. Inc., the confectionery companies are in favor of expanding the U.S. Department of Agriculture’s (USDA) updating of standards for school meals a... Continue reading ...
Posted by Turgut Ziyal on Wednesday, March 10, 2010,
In :
confectionery
Western companies have succesful trials for product localizations for entering to markets like Japan. Pepsi with cucumber flavored soft drink or McDonalds with Filet-O-Shrimp burgers are good examples. Another good example for product localization is being executed for KitKat by Nestle again in Japan. Being a well known brand as a chocolate, Kitkat now has 19 local flavors originating from different parts of Japan, from miso to soybean these tastes serve to the regional palate. Read the detai... Continue reading ...
Belgian holding company NPM/CNP Compagnie Nationale à Portefeuille is reportedly planning to sell its wholly-owned company Belgian Icecream Group (BIG). BIG is Belgium's biggest ice cream producer and reported a turnover of 88 million euro in 2008. BIG employs about 500 people. Banca Leonardo, has been appointed to handle the transaction, according to the Belgian press. The company has 3 production sites in Belgium (Tielen, Chênée and Kuurne) and 7 depots all over the country
Belgian da... Continue reading ...
Posted by Turgut Ziyal on Friday, March 5, 2010,
In :
confectionery
Nestle consolidates its Russian chocolate operations. The company will transfer production of its Komilfo and Ruzanna brands, which are currently manufactured in the Ruza district of the Moscow region, to the company’s Perm and Samara chocolate factories. Upon the completion of this project, the Samara’s factory will become one of Nestle's largest chocolate factories. .
Nestle acquired the Komilfo and Ruzanna brands and Ruza confectionery factory in November 2007.
Source: just-food.com ... Continue reading ...
Nestle has bought OOO Technocom, Ukraine's biggest producer of convenience foods and condiments, and owner of the Mivina brand.
The financial details of the deal have not been disclosed but, according to Nestle, the acquisition of will strengthen the company's presence in one of the fastest-growing segments of the Ukrainian food market.Technocom will allow Nestle to expand its convenience portfolio at the value end of the market, Nestle also intends to actively promote products under the Mi... Continue reading ...
Posted by Turgut Ziyal on Thursday, February 25, 2010,
In :
food news
The world's biggest food group Nestle looks well placed to show balanced growth between volume and price in 2010 and outperform its two arch European rivals in a year of likely sluggish economic recovery. 29 analysts out of 39 surveyed by Reuters see Nestle shares as a "buy" or "strong buy" and say its shares look cheap compared to its two rivals based on its forecast performance and its bumper returns from dividends and share buybacks. While Unilever and Danone had to cut prices in the latter ... Continue reading ...
Posted by Turgut Ziyal on Wednesday, February 10, 2010,
In :
beverages
Nestle, the world's biggest food group, said Saturday it will invest 5 billion pesos ($390 million) in Mexico over the next three years to increase coffee processing capacity, part of a $1 billion expansion plan.
"The majority of these 5 billion pesos will be invested in the Nescafe instant coffee processing plant," Nestle said in a statement, adding that the investment would increase capacity by 40 percent at the factory in Toluca near Mexico City.
Mexico, a major world coffee producer, has ... Continue reading ...
Posted by Turgut Ziyal on Thursday, January 28, 2010,
In :
confectionery
As always said, the expected Kraft-Cadbury deal will trigger further changes in the confectionery world. One of such speculations is that Swiss food group Nestlé is likely to set itself a long-term goal to buy Hershey , hoping that market pressures after the Kraft-Cadbury deal will wear down opposition from the controlling Hershey Trust.
It is argued that after Kraft and Cadbury merge, Hershey's main U.S. market will become more competitive and as being a pure confectionery player, Hershey... Continue reading ...
Posted by Turgut Ziyal on Monday, January 11, 2010,
In :
confectionery
Nestle has said its confectionery business has “sufficient size and scale” to allow the company to compete in the sector even if Kraft Foods succeeds in its bid for Cadbury. Speaking to analysts, CFO Jim Singh said Nestle could perform “competitively across the world” in confectionery. “We have 152 products representing 77 brands, that are either number one or number two in their market," Singh said. "So, when you look at our business, we believe we have sufficient size and scale in... Continue reading ...
Kraft Foods has this morning (5 January) revealed plans to offer more cash to the shareholders of Cadbury. This happends after Kraft agreed to sell its North American frozen pizza business to Nestle. In this new offer Cadbury investors will have the chance to receive a "partial cash alternative". Meanwhile, in the wake of the pizza sale, Nestle, which had been also shown as a possible bidder for Cadbury, issued a statement to announce that "does not intend to make, or participate in, a for... Continue reading ...
This news supports my comments few weeks ago that in Cadbury deal we should keep an eye on Hershey-Nestlé coalition....I still beleive there are good reasons and mutual benefits for them in such a joint take-over action. Most probably Cadbury will support any non-Kraft offer which is somehow higher than original Kraft bid.
US chocolate giant Hershey has been in contact with Nestle over a possible joint bid for Cadbury, according to reports.
An offer between the two could challenge the hos... Continue reading ...
Posted by Turgut Ziyal on Monday, December 7, 2009,
In :
confectionery
Nestlé has followed in the footsteps of Cadbury by announcing its flagship Kit Kat chocolate brand will be certified Fairtrade from next year.
The fmcg giant has scored a publicity coup by gaining endorsement from the Archbishop of York, Dr John Sentamu.
“The next step is to make all other produce Fairtrade where possible – in particular my own favourite, the Yorkie,” he said.
“This will depend largely on the Ivory Coast producing the large quantity and quality needed for Nestlé ... Continue reading ...
LONDON/CHICAGO (Reuters) - Kraft Foods made its formal $16.1 billion offer to Cadbury shareholders, triggering a two-month takeover fight for the chocolate maker and a frosty response from Britain.
UK business secretary Peter Mandelson warned the U.S. food giant it would face a backlash if it tried to buy Cadbury on the cheap. "If you think that you can come here and make a fast buck you will find that you face huge opposition from the local population ... and from the British government,... Continue reading ...
Nestle India has confirmed that it is mulling a proposal that would see the company take ownership of the healthcare and nutrition business of Speciality Foods. In a note to the Bombay Stock Exchange, the Indian unit of the Swiss food giant said that its board was meeting on 7 December to consider a possible deal.
Speciality Foods' healthcare nutrition business includes such brands as Resource, Optifast and Spert.
Source: just-food.com Continue reading ...
Kraft Foods remains the favourite to buy Cadbury, a leading industry analyst claimed even if US chocolate maker Hershey tables a bid for the Dairy Milk maker.
Andrew Wood, senior research analyst covering European food companies at Sanford Bernstein, said Kraft was still the front-runner to buy Cadbury. Wood suggested, however, that a "likely" bid from Hershey - either on its own or alongside Ferrero or Nestle - would mean an acquisition of Cadbury would not be the "steal" that Kraft had ho... Continue reading ...
Hershey's controlling Trust has belatedly accepted that, without doing a deal, the chocolate company faces slow decline. That removes one obstacle to Hershey challenging Kraft in the battle for Cadbury.
Hershey will struggle to acquire a company twice its size. Given limited geographical overlap, moreover, synergies would probably be less than Kraft’s targeted $625m a year. A mooted $17bn offer, including $10bn cash, would leave combined Hershey- Cadbury with debt of five times earnings be... Continue reading ...
In last couple of days news about Cadbury- Kraft deal comes one after the other. So when we start a new week we have practically three options analysts talking about:
- Kraft
- Hershey and Ferero coalition
- Nestlé may bid as well
But when all the rumors and analysis read carefully, what I see as the most interesting option would be a Hershey bid backed by Nestlé. Nestlé definetely will not like to see a "Kraftbury" threat to its chocolate market, but it cannot make a direct bid to Cadb...
Continue reading ...
PHILADELPHIA (Reuters) – Kraft Foods Inc may raise its offer for British chocolatier Cadbury Plc or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday.
Kraft took a $16.8 billion hostile offer for Cadbury to shareholders two weeks ago. Most of the remaining large players in the global confectionery industry -- U.S.-based Hershey Co, Italy's Ferrero and Switzerland's Nestle -- are now weighing takeover bids themselves, according... Continue reading ...
Nov. 22 (Bloomberg) -- Nestlé SA is weighing options including a possible bid for Cadbury Plc that would challenge Kraft Foods Inc.’s offer and a potential move by Hershey Co., according to two people with knowledge of the matter.
Nestle is reviewing its options with bankers and may decide against a bid, said the people, who asked not to be identified because the talks are private. Hershey and Ferrero SpA said in statements last week that they were also evaluating options. Ferrero, the ... Continue reading ...
Posted by Turgut Ziyal on Tuesday, November 3, 2009,
In :
confectionery
The Global Food Giant revealed its third quarter results where it reported that the chocolate sector continued to perform well despite the decline in the growth rate in sugar confectionery, it noted that demand was weak in Russia, but many emerging markets, particularly Turkey, India and Chile, delivered strong growth. The group added that its core chocolate brands gained momentum in the US.
The confectionery sector overall recorded sales of CHF 8.2bn (€5.5bn), with nine month sales up ... Continue reading ...
Posted by Turgut Ziyal on Thursday, October 29, 2009,
In :
food news
Todd Stitzer, chief executive of Cadbury, will this week face pressure from shareholders to prove that Britain's favourite chocolate manufacturer can deliver strong growth as an independent company, as a renewed takeover bid from US food giant Kraft looms.
Danone said it was prepared to spend a total of GBP 915m on acquisitions as the world’s largest yoghurt maker reported better than expected third-quarter sales and confirmed full-year guidance. Nestle, said it is even "leaner, fitter and ... Continue reading ...
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About This Blog:
| getfoodnews |
| Turgut@Getfoodnews.Com |
In this blog I try to compile the news related with food industry. This includes food companies, retailers, ingredients, regulations, mergers&acqusitions and others. In each post I try to designate the source of the news and add a link to the original document.
I hope you find it useful. For any comments please feel free to send me an email (turgut@getfoodnews.com). You can post your comments inside the boxes appearing at the end of each posting when clicked the headline.
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