(Reuters) – Nestle SA has agreed a partnership with Alibaba in China to grow online sales, build key brands and offer new products, the Swiss food group said on Tuesday.
Nestle has introduced products including Nido milk powder, Damak chocolate and Nescafe Dolce Gusto BMW MINI coffee machines on Tmall.com, China’s largest shopping website for brands and retailers, it said in a statement.
“Using Taobao.com, the country’s largest shopping site overall, Nestle is expanding its distribution in rural areas,” it added.
(Reporting by Michael Shields)
Kellogg Europe has invested €140 million (US$168.5 million) in manufacturing capacity to meet the increasing demand for snack brand Pringles with a new production line in its Polish factory opening ahead of time.
The owner of Philadelphia cream cheese and Heinz Ketchup had predicted flat-to-positive organic net sales growth, but today it reported 2.5% organic growth for the quarter.
The deal will see OFI’s wholly-owned subsidiary, Olam Holdings, acquire the US spice group from private equity firm Kainos Capital and Olde Thompson’s management shareholders.