Italian Nutella maker Ferrero SpA is nearing a deal to acquire Nestle SA’s U.S. confectionery business for about $2.8 billion…READ MORE
KEEP READINGBiscuit maker Britannia has started selling chocolate wafers, competing with brands such as Nestle’s Kit Kat. The company has extended its Pure Magic biscuit brand to chocolate wafers, in the format of slabs of chocolate on top of biscuits…READ MORE
KEEP READINGThe deal, which was for an undisclosed sum, is expected to be completed by the end of the year…READ MORE
KEEP READINGConsumer goods companies including Nestle, Dabur, ITC and Amul have assured Central Board of Excise and Customs (CBEC) chairperson Vanaja Sarna that they have passed on the recent reduction in goods and services tax (GST) rates to consumers by lowering prices…READ MORE
KEEP READINGNestle, the world’s largest packaged foods company, said it aims to use only eggs from hens that live outside of cages, becoming the latest foodmaker to react to concerns about animal welfare…READ MORE
KEEP READINGWhile mobiles launching online first has been a norm in India for a while, FMCG is also increasingly looking to do this due to quick distribution and reach, ability to experiment and fine tune marketing…READ MORE
KEEP READINGThe acquisition extends the world’s largest teamaker into the market for organic tea, which Euromonitor says will grow by 22 percent to reach $1.2 billion by 2021…READ MORE
KEEP READINGThis is not the first time when Nestle had launched its product exclusively on e-commerce portal, a channel which it believes is important for the company’s growth in the country…READ MORE
KEEP READINGA potential deal would add chocolate brands such as Butterfinger and Baby Ruth to Ferrara’s array of gum and soft-candy offerings…READ MORE
KEEP READINGA product might have an identity in itself, but it also has an identity in how we use it, and that use creates the value on which this kind of tax is enforced…READ MORE
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