The European Commission has approved under the EU Merger Regulation the creation of Froneri, a joint venture by PAI Partners of France and Nestlé of Switzerland. Froneri will manufacture and market ice cream products in and outside of Europe, and frozen food products in Europe.
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Today in Lisbon, the President of the European Commission, José Manuel Barroso, joins the Prime Minister of Portugal, Pedro Passos Coelho, the Deputy Prime Minister of Portugal, Paulo Portas, the Nestlé Europe CEO Laurent Freixe and Nestlé’s business partners to sign up to the European Commission’s European Alliance for Apprenticeships.
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Fries, chips and flakes manufacturers are concerned over firm prices of potato, which has seen a jump owing to poor crop this year. Companies assure that an increase in retail price was unlikely to take place in the short run.
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The European Commission has approved under the EU Merger Regulation the acquisition of sole control over the swiss-based Galderma by Nestlé.
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The European Commission has approved under the EU Merger Regulation the creation of a joint venture between Nestlé S.A. of Switzerland and the Lotte Group of Korea.
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Dairy Partners Americas, a joint venture between Nestlé and New Zealand dairy co-operative Fonterra, has opened a new dairy distribution centre in the Brazilian city of Araras.
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The public and private sectors need to work much closer together in the fight against youth unemployment and invest more in equipping young people with the skills and training they need. This was the message from Androulla Vassiliou, European Commissioner for Education, Culture, Multilingualism and Youth, at the launch of 'Nestlé needs YOUth', a new initiative inspired by the Commission's European Alliance for Apprenticeships.
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Nestlé today announced it has sold its weight management business Jenny Craig in North America and Oceania to a US-based private equity group North Castle Partners. The Jenny Craig business in France is not part of the transaction.
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Food giant Nestle will shut a frozen meals plant at its site north of Paris after sales were hit by a Europe-wide scandal that saw horsemeat find its way into processed products such as ready meals, company officials said on Thursday.
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Nestlé is continuing to boost growth in Europe by opening a new CHF 73 million (about 2.6 billion roubles) Maggi factory in Russia.
The facility, in Vyazniki in the region of Vladimir, is set to produce about 30,000 tonnes of Maggi products including seasonings, sauces, instant soups, bouillons and purees each year, which will be distributed across Russia and exported to other Commonwealth of Independent States (CIS) countries.
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Nestlé has marked the beginning of construction work on a new factory that represents the company’s largest-ever investment in Germany.
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To mark its 150th anniversary in 2016, Nestlé has decided to transform the buildings formerly belonging to Henri Nestlé into a public visitors centre. "Visitors will meet and discover our company in the main building where they also learn about Nestlé’s past, present and future," said Nestlé Chairman Peter Brabeck-Letmathe at the publication of planning proposals.
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Unilever (UNA) Chief Executive Officer Paul Polman said Europe is facing 10 years of economic stagnation while the U.S. grapples with the rise of an “emerging poor” class dependent on government benefits.
“We are in for at least 10 years of slow economic growth in Europe, and I don’t see that changing,” Polman said in an interview yesterday at Bloomberg’s New York office. “If you run a business like mine and don’t assume that, you are fooling yourself. I hope for the benefit of Europe I am proven wrong, but even then we are in a better position by taking that as our starting point. The key thing is to see reality in the eye.”
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Nestlé S.A. and The Coca-Cola Company today announced that they have agreed to focus the geographic scope of their ready-to-drink tea joint venture, Beverage Partners Worldwide (BPW), on Europe and Canada.
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Jim Singh, Executive Vice President and Chief Financial Officer of Nestlé S.A., will retire on 31 March 2012 after a long and distinguished career of 35 years with Nestlé. The Board of Directors of Nestlé S.A. appointed Wan Ling Martello, currently Executive Vice President of Global e-Commerce, Emerging Markets Walmart, to succeed Jim Singh as Executive Vice President and Chief Financial Officer of Nestlé, effective 1 April 2012.
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Paul Bulcke, Nestlé CEO: “Nestlé continued to make good progress in a period characterised by political and economic instability, natural disasters, rising raw material prices and, yes, a strong Swiss franc. This has made for an extremely tough, volatile and competitive environment. But by leveraging our competitive advantages, investing behind our growth drivers and excelling in operational efficiency and effectiveness, we managed to drive growth not only in emerging markets but also in developed countries, especially in Europe. Furthermore we improved our trading operating margin while increasing investment in our brands. For the full year, we expect organic growth at the top end of the 5% to 6% range, combined with a margin increase in constant currencies.”
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Nestlé has been named the winner of the Stockholm Industry Water Award for its leadership and performance to improve water management in its internal operations and throughout its supply chain.
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Nestlé Health Science S.A. today announced that it has agreed to acquire Prometheus Laboratories Inc., a San Diego-based company.
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Nestlé today opened a new EUR 117 million (over CHF 149 million) factory in Germany dedicated to producing hypoallergenic (HA) infant formula.
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A new culinary factory dedicated to manufacturing Nestlé sauces, noodles, bouillons and seasoning brands such as Maggi was officially opened today in India.
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Nestlé will change its sales recognition policy in line with the generally accepted interpretation of the International Financial Reporting Standards (IFRS), effective 1 January 2011.
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Nestlé today 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.
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Nestlé today announced the establishment of an R&D Centre in India. The facility will be built in Manesar, close to Nestlé India’s headquarters in Gurgaon, and will be operational in 2012. This investment of around CHF 50 million will help to further strengthen Nestlé’s R&D capabilities in emerging markets. Nestlé has a strategic focus and leadership in emerging markets where the company expects sales to reach 45% of total by 2020.
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Nestle Waters has opened a new water bottling factory in Poland to support the development of its Dar Natury brand in the country.
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Nestlé S.A. announces that it has completed the remaining CHF 10 billion share buyback of its CHF 25 billion share buyback programme initiated on 24 August 2007.
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Nestlé has announced the launch of Special.T, a tea machine system. Through this launch, Nestlé pushes ahead with an innovative solution to provide consumers at home with portioned tea beverages. Furthermore, it underlines the company’s role in the beverage machine market that started with Nespresso, portioned coffee system.
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Nestlé USA’s Baking Division is initiating a voluntary recall of select Nestlé Carnation Famous Fudge Kits because the outer containers of some of the kits were distributed without a complete allergen precautionary statement.
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The U.S. Food and Drug Administration (FDA) is actively investigating findings of Salmonella Tennessee in hydrolyzed vegetable protein (HVP) manufactured by Basic Food Flavors Inc., Las Vegas, Nev. HVP is a flavor enhancer used in a wide variety of processed food products, such as soups, sauces, chilis, stews, hot dogs, gravies, seasoned snack foods, dips, and dressings. It is often blended with other spices to make seasonings that are used in or on foods.
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Nestlé has concluded the acquisition of Kraft Foods’ frozen pizza business on 1 March 2010 after the completion of closing conditions. Consequently, the process of integrating Kraft Foods’ pizza business into the Nestlé Group will begin today as 3,620 Kraft Foods’ pizza employees, with their valuable talent and category expertise, will join Nestlé.
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Nestlé has concluded the acquisition of Kraft Foods’ frozen pizza business on March 1, 2010 after the completion of closing conditions. Consequently, the process of integrating Kraft Foods’ pizza business into the Nestlé Group has begun as 3,620 Kraft Foods’ pizza employees will join Nestlé.
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Scientists at the Nestlé Research Center in Lausanne, Switzerland, conducted a comprehensive exploration into the nutritional metabolism that occurs after drinking a cup of coffee. The present study revealed that bioactives from coffee have a long-lasting release in the blood, even up to 12–14 hrs after consumption.
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Nestlé has announced it will invest 5 thousand million pesos (US$390 million) in Mexico over the next three years. The series of investments are aimed at strengthening Nestlé’s production capacity and infrastructure in Mexico.
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Nestlé Nutrition is launching Resource SeniorActiv, a nutritional oral supplement, to target the unique nutritional needs of the elderly. It will be introduced in 2010 in Switzerland and progressively rolled out in key European countries.
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Nestlé has agreed to acquire Kraft Foods’ frozen pizza business in the U.S. and Canada for $3.7 billion in cash. The business includes brands such as DiGiorno, Tombstone, California Pizza Kitchen, Jack’s, and Delissio. This frozen pizza business provides a new strategic pillar to Nestlé’s frozen food portfolio in the U.S. and Canada.
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