Swiss food giant Nestlé has seen its turnover grow 3.2 % last year, which is its slowest growth in the past ten years. The company's brand-new CEO, Mark Schneider, immediately announced a restructuring plan to improve profitability.
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Swiss Nestlé has created a new production process that allows a 40 % decrease in sugar for its chocolate products. Starting in 2018, the process will be used for all of its products.
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Swiss food giant Nestlé managed a slightly higher turnover in the first 9 months of 2016, but nevertheless, the company will lower its full-year forecast because of the slower growth pace.
Swiss food company Nestlé has experienced a disappointing growth in the first half of 2016: the growth pace was the company's lowest since 2009.
Swiss food group Nestlé has appointed Ulf Mark Schneider as its new CEO. Currently German Fresenius' CEO, he will succeed Paul Bulcke in January 2017.
Swiss food manufacturer Nestlé wants to boost its online Chinese sales and that is why it will considerably expand its product range on Alibaba. As a consequence, the company expects its online turnover in China to grow a lot over the next few years.
Swiss food concern Nestlé is working on Peter Brabeck's succession as the current chairman will retire next year. Current CEO Paul Bulcke is one of several possible candidates to succeed him, according to Brabeck.
Several major companies, including Ikea and Nestlé, have joined forces and have asked the European Union to create new legislation to drastically limit trucks' emissions, in order to meet the goals signed at the Paris climate conference.
Swiss food concern Nestlé saw its first quarter turnover grow 3.9 % autonomously, which is actually the company's smallest growth since 2009. Nevertheless, Nestlé sticks by its previous 4.2 % full-year growth forecast.
Swiss food concern Nestlé failed to meet expectations once again despite a 4.2 % organic growth in 2015. Analysts had predicted a 5 % growth at least, which is why they are disappointed with the current state of affairs.