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Nestle to cut 400 jobs in France in cost saving push

Nestle said Friday that it plans to further reduce its workforce in France as it looks to cut costs and centralize operations. The group, which employs 13,000 people in France, wanted to avoid layoffs and attrition may account for some...

UP administration slaps fine on Nestle India as Maggi samples 'fail' lab test

The district administration of Shahjahanpur, UP, has slapped a fine on Nestle India and its distributors after its popular noodles brand Maggi allegedly failed to pass the lab test, even as the FMCG major maintained that "it's a case...

Nestle to pass on GST rate cut benefits to consumers

In line with other FMCG players, Nestle India said it will make price revisions in accordance with the recent Goods and Services Tax rate cut. According to a PTI report: Last week, GST Council reduced tax rates on over 200...

Food CEOs interact with PM; appreciate GST, FDI liberalisation

Various CEOs of global food processing and related companies on Friday interacted with Prime Minister Narendra Modi and appreciated the government's structural reforms and initiatives like GST and the liberalization of the FDI regime in India. An official statement said...

Nestlé buys majority stake in high-end coffee chain Blue Bottle

Nestlé has purchased a majority stake in the upscale Blue Bottle Coffee Company, which will have opened more than 50 stores in key markets in the United States and Japan by the end of 2017, as per a report...

Nestle ties up with Amazon for new range of Maggi noodles

FMCG major Nestle India on Friday said it has tied up with e-commerce player Amazon for the launch of its new range of popular Maggi noodles. The new range — Nutri Licious — will be available to consumers on...

Nestlé to explore strategic options for its candy business

Nestlé said on Thursday that it was considering a sale of its American candy business, the home of treats that include Gobstoppers, Nerds and Butterfinger and Crunch bars as demand for sweets has fallen off in the United States. Nestle...

Nestlé appoints Stuart Raetzman as CEO Nestlé Skin Health

Nestlé has appointed Stuart Raetzman as CEO of Nestlé Skin Health, effective immediately. “I am very pleased that Stuart will be leading Nestlé Skin Health as CEO. Nestlé’s purpose is to enhance quality of life and contribute to a healthier...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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