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Swiss food giant Nestlé is restructuring its portfolio by spinning off its water business, including brands like Perrier and San Pellegrino, into a joint venture with US private equity firm Platinum Equity, valuing the new entity at €4.9 billion.
about 1 month ago · 1 source
Business
Chinese distributors are demanding refunds from Swiss food giant Nestlé, claiming the company pressured them to buy excessive stock of infant formula and milk powder as market demand fell. The dispute has left distributors with unsellable inventory and mounting debts.
SWI swissinfo.ch
Nestle
In his inaugural address to shareholders, new Nestlé chairman Pablo Isla has outlined a vision for significant cultural change, aiming to create a more linear, faster, and innovative company by focusing on its strongest brands and simplifying its organization.
SWI swissinfo.ch
Business
The Zurich-based footwear and apparel company On has reported record sales of over CHF 3.01 billion for its 15th anniversary year, marking a significant milestone driven by strong growth in the Asia-Pacific market and its direct-to-consumer business.
SWI swissinfo.ch
Business
The world's largest chocolate manufacturer, Zurich-based Barry Callebaut, is navigating a period of turmoil following the abrupt departure of its CEO. The leadership change occurs as the company contends with declining volumes, soaring cocoa prices, and reported internal strategic disagreements.
SWI swissinfo.ch
Consumer Protection
The consumer rights organization Foodwatch has lodged a legal complaint in Paris involving Swiss giants Nestlé and Hochdorf, regarding infant milk recalled for containing a toxin. The action is on behalf of several families whose children fell ill.
SWI swissinfo.ch
