Nestle

OpenCalais Metadata: Ticker

NESN

Nestle posts higher 2021 profit, sales as prices hiked       

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.

Factory for Ice Cream in Varna Closes Doors

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.

250 Large Companies are Involved in the Fight Against Plastic Pollution

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.

Pages