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.
Swiss food giant Nestle announced yesterday it will pay $7.15 billion in cash for the rights to market Starbucks products around the world, outside of the company's coffee shops.
Nestle said on Jan. 16 it has agreed to sell its U.S. candy business to Italy’s Ferrero for CHF 2.7 billion ($2.8 billion/2.3 billion euros) in cash as the Swiss food giant shakes up its product portfolio.