Nestlé plans $10bn revamp as activist Loeb takes aim

2017-09-26 12:50

Nestlé may buy or sell businesses with combined sales of almost $10bn as CEO Mark Schneider embarks on the biggest overhaul in at least a decade.

Nestlé outlook for weakest sales in 20 years gives Loeb ammo

2017-07-27 09:45

Nestlé SA has warned that sales growth this year will be the weakest in at least two decades, giving activist investor Dan Loeb ammunition for his campaign.

Nestlé targeted in activist's biggest-ever bet

2017-06-26 09:32

Dan Loeb has amassed a $3.5bn stake in Nestlé, targeting Europe’s largest company in the biggest bet of his two-decade career as an activist investor.

Nestlé cuts sales forecast as emerging market growth slows

2016-10-20 09:30

Nestlé SA has cut its full-year forecast after nine-month revenue rose at the weakest pace in more than a decade, hurt by slowing growth in emerging markets.

Nestlé Nigeria sees margins pressured

2016-08-17 09:45

Nestlé Nigeria will struggle to maintain profit-margin growth in 2016 as the highest inflation in nearly 11 years and a lack of foreign currency stalls the economy.

Nestle terminates IAAF sponsorship

2016-02-10 19:59

Nestle has terminated their sponsorship with the IAAF over fears that the corruption and doping scandals could damage the company's reputation.

Nestlé's Maggi noodles no longer in hot water

2015-08-13 13:46

An Indian court has overturned a government ban on Nestlé's hugely popular Maggi noodles brand, but ordered tests before the product can go back on sale.

After lead scare, Nestle India to destroy $50m of noodles

2015-06-16 13:59

Nestle India says it will destroy instant noodles worth $50 million following a sales ban imposed by Indian food safety authorities for unsafe levels of lead.

Noodle crisis: How Nestlé's woes started

2015-06-08 21:13

The scare over Nestlé's Maggi 2-Minute Noodles, one of India's most popular snacks, has gripped increasingly health-conscious consumers.

Nestlé food scare spreads after lead poisoning claims

2015-06-05 11:51

Nestlé's Maggi noodles is embroiled in India's biggest food scare involving packaged foods since 2006 following claims of lead poisoning.


Nestlé said to pay $425m to buy Blue Bottle Coffee

2017-09-15 10:08

Nestlé SA has agreed to acquire a majority stake in Blue Bottle Coffee as the Nespresso owner seeks to bolster its US presence amid increasing demand.

Nestlé gives an inch on share buybacks but Loeb wants more

2017-06-28 10:00

Nestlé has made its first concession to activist investor Dan Loeb, announcing a $21bn share buyback plan to boost its stock price.

Nestlé sales beat analysts' estimates

2017-04-20 09:45

Nestlé SA has reported revenue growth ahead of analysts’ estimates and an uptick in pricing, a signal of possible improvement in a sluggish food and beverage market.

Nestlé revenue grows at weakest pace in seven years

2016-08-18 08:45

Nestlé has reported the slowest first-half sales growth since 2009 as the company struggled to raise prices.

Nestlé shares advance as CEO presages shakeup

2016-06-28 11:25

Nestlé SA has risen the most in more than four months as investors welcomed the surprise appointment of new CEO as successor to Paul Bulcke.

Nestlé loses bid to trademark KitKat shape

2016-01-20 17:37

Nestlé has lost a protracted court battle in the UK over its trademark 4-fingter shape of the KitKat, but says it will appeal the ruling.

Nestlé cuts 15% of its Africa workforce

2015-06-17 11:00

Nestlé SA is cutting 15% of its workforce in 21 African countries because it says it overestimated the rise of the middle class, according to a report.

Nestle challenges noodles ban in India

2015-06-11 14:21

Nestle says it is challenging a ban imposed by India on its hugely popular Maggi instant noodles brand after tests showed they contained excessive levels of lead.

India wants damages from Nestlé over noodles

2015-06-07 13:02

India's government has filed for damages from food group Nestlé after a food scare involving reports of excess lead in Maggi noodles.

Maggi noodles slapped with a ban in India

2015-06-03 16:14

Nestlé India has been slapped with a 15-day ban on Maggi noodles after claims of lead contamination. Nestlé SA says the product is safe for consumption in South Africa.

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