Nestlé

Turkish parliament removes brands from menu over alleged Israel support

Turkey's parliament has removed Coca Cola and Nestle products from its restaurants over their alleged support for Israel amid the conflict in Gaza, according to a parliament statement and a source who named the two companies.

The two companies did not immediately respond to a request for comment.

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.

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