Nestle’s success with its KitKat brand means its does not need to add new businesses after selling its candy unit to Italy’s Ferrero last year, the Swiss food group’s global head of confectionery said.
“Now we are very well positioned with our portfolio,” Alexander von Maillot told journalists on a call on Tuesday.
He said he expected Nestle’s KitKat chocolate bars, the biggest brand in its confectionery portfolio with more than one billion Swiss francs in sales, to continue to grow in high single digits.
“At 9 percent (organic sales growth in 2018) KitKat is strongly outperforming the market. We are convinced we can continue this,” von Maillot said.
Nestle’s confectionery unit posted organic sales growth of 2.7 percent and had sales of 8.123 billion Swiss francs ($8.09 billion) last year.
The Swiss company said it would launch green tea matcha-flavored KitKat bars, a big success in the Japanese market, in Europe starting in late February as it targets health-conscious consumers with innovative products.
By Angelika Gruber
Source: Reuters
Temperature-controlled storage and logistic solution provider, Emergent Cold LatAm, has opened ‘Chile’s largest’ frozen food warehouse. Located in Talcahuano, a region renowned for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.
Never Never gin will be sold through Asahi’s alcohol division, Carlton & United Breweries (CUB). According to the company, the acquisition – which won’t impact daily operations – will enable Never Never’s premium gin to reach a wider customer base while enhancing support and product offerings for existing customers.
Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year.
