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Nestle reported better-than-expected sales in the first quarter yesterday after the Swiss food giant raised prices to cope with soaring global inflation.

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.

Leszek Wacirz, who has served in the senior management of various regions for 27 years under the umbrella of Nestle, has been appointed as the new general manager of Nestle Turkey.