OpenCalais Metadata: Ticker
Swiss food giant Nestle's net profit and sales rose in 2021 as it sold shares in cosmetic company l'Oreal and hiked prices amid soaring global inflation, group results showed Thursday.
Businesses have faced supply chain disruptions and decades-high inflation as the global economy recovers from the Covid pandemic and energy prices surge.
In the overall food and beverage portfolio, about 70% of Nestlé’s food products failed to meet the necessary standards
The Swiss-British Froneri is closing its ice cream factory in Varna and will now import from Serbia, said Capital.
The company is charging Nestle freezers, and among the popular brands are BOSS, Magnum, Familia.
The factory, which has 72 employees, will stop production on March 1. Some of them will be offered the opportunity to move to other Froneri factories abroad.
Brands representing 20% of the plastic packaging produced globally are among signatories to a new United Nations commitment to eradicate plastic waste and pollution.
The New Plastics Economy Global Commitment is led by the Ellen MacArthur Foundation, in collaboration with the UN Environment, and is backed by 250 organizations and brands.