(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)
Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.
US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.
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