Jump to content
Main menu
Main menu
move to sidebar
hide
Navigation
Main page
Recent changes
Random page
Help about MediaWiki
Special pages
Niidae Wiki
Search
Search
Appearance
Create account
Log in
Personal tools
Create account
Log in
Pages for logged out editors
learn more
Contributions
Talk
Editing
Nestlé
(section)
Page
Discussion
English
Read
Edit
View history
Tools
Tools
move to sidebar
hide
Actions
Read
Edit
View history
General
What links here
Related changes
Page information
Appearance
move to sidebar
hide
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
===2012–present=== In recent years, Nestlé Health Science has made several acquisitions: CM&D Pharma Ltd., a company that specialises in the development of products for patients with chronic conditions like kidney disease; and Prometheus Laboratories, a firm specialising in treatments for gastrointestinal diseases and cancer. It also holds a minority stake in Vital Foods, a New Zealand-based company that develops [[kiwifruit]]-based food products as of 2012.<ref>{{cite news|url=http://www.laweekly.com/restaurants/nestle-acquires-stake-in-brain-food-company-2379749|title=Nestle Acquires Stake in "Brain Food" Company|newspaper=LA Weekly|access-date=5 January 2016|archive-url=https://web.archive.org/web/20160103032603/http://www.laweekly.com/restaurants/nestle-acquires-stake-in-brain-food-company-2379749|archive-date=3 January 2016|url-status=live}}</ref> Nestlé sold its [[Jenny Craig, Inc.|Jenny Craig]] business unit to North Castle Partners in 2013.<ref>{{cite news |last=Rizzo |first=Lillian |date=16 July 2014 |title=PE Deals for Weight Loss Brands Face Shifting Diet Demographics |newspaper=Wall Street Journal |url=https://blogs.wsj.com/privateequity/2014/07/16/pe-deals-for-weight-loss-brands-face-shifting-diet-demographics/ |url-status=dead |access-date=5 January 2016 |archive-url=https://web.archive.org/web/20160103032603/http://blogs.wsj.com/privateequity/2014/07/16/pe-deals-for-weight-loss-brands-face-shifting-diet-demographics/ |archive-date=3 January 2016}}</ref> In February 2013, Nestlé Health Science bought Pamlab, which makes medical foods based on L-methylfolate targeting depression, diabetes, and memory loss.<ref>{{cite web|url=http://www.nutraingredients.com/Suppliers2/Nestle-buys-Louisiana-depression-food-firm|title=Nestlé buys Louisiana depression food firm|date=27 February 2013 |publisher=Nutra|access-date=5 August 2015|archive-url=https://web.archive.org/web/20151016215428/http://www.nutraingredients.com/Suppliers2/Nestle-buys-Louisiana-depression-food-firm|archive-date=16 October 2015|url-status=live}}</ref> In February 2014, Nestlé sold its PowerBar sports nutrition business to Post Holdings, Inc.<ref>{{cite news|url=https://www.wsj.com/articles/SB10001424052702303942404579360552164811352?autologin=y|title=Nestlé Sells PowerBar Brand|newspaper=Wall Street Journal|access-date=5 January 2016|archive-url=https://web.archive.org/web/20160103032603/http://www.wsj.com/articles/SB10001424052702303942404579360552164811352?autologin=y|archive-date=3 January 2016|url-status=live}}</ref> Later, in November 2014, Nestlé announced that it was exploring strategic options for its frozen food subsidiary, Davigel.<ref>{{cite news|url=https://www.wsj.com/articles/nestle-explores-sale-of-frozen-food-unit-davigel-1415964399|title=Nestlé Explores Sale of Frozen Food Unit Davigel|newspaper=Wall Street Journal|access-date=5 January 2016|archive-url=https://web.archive.org/web/20160103032603/http://www.wsj.com/articles/nestle-explores-sale-of-frozen-food-unit-davigel-1415964399|archive-date=3 January 2016|url-status=live}}</ref> In December 2014, Nestlé announced that it was opening 10 skin care research centres worldwide, deepening its investment in a faster-growing market for healthcare products. That year, Nestlé spent about $350 million on dermatology research and development. The first of the research hubs, Nestlé Skin Health Investigation, Education and Longevity Development (SHIELD) centres, will open mid 2015 in New York, followed by Hong Kong and São Paulo, and later others in North America, Asia, and Europe. The initiative is being launched in partnership with the Global Coalition on Aging (GCOA), a consortium that includes companies such as [[Intel]] and [[Bank of America]].<ref>{{cite news|url=https://www.reuters.com/article/us-nestle-skincare-idUSKBN0JP06F20141211|title=Nestle invests more in skin care strategy with 10 research centers|work=Reuters|access-date=1 July 2017|archive-url=https://web.archive.org/web/20151016215428/http://www.reuters.com/article/2014/12/11/us-nestle-skincare-idUSKBN0JP06F20141211|archive-date=16 October 2015|url-status=live}}</ref> In May 2015, food safety regulators from the state of [[Uttar Pradesh]], India, found that samples of [[Nestlé India]]'s [[Maggi]] noodles had up to 17 times more than the permissible safe amount of lead, in addition to [[monosodium glutamate]].<ref>{{cite news |date=18 May 2015 |title=Beware! Eating 2 -Minute Maggi Noodles can ruin your Nervous System |url=http://news.biharprabha.com/2015/05/beware-eating-2-minute-maggi-noodles-can-ruin-your-nervous-system/ |url-status=live |archive-url=https://web.archive.org/web/20150521005237/http://news.biharprabha.com/2015/05/beware-eating-2-minute-maggi-noodles-can-ruin-your-nervous-system/ |archive-date=21 May 2015 |access-date=18 May 2015 |publisher=news.biharprabha.com}}</ref><ref name="NDTV">{{cite news |date=20 May 2015 |title=Maggi Noodles Packets Recalled Across Uttar Pradesh, Say Food Inspectors: Report |url=http://m.ndtv.com/india-news/maggi-noodles-packets-recalled-across-uttar-pradesh-say-food-inspectors-764729 |url-status=live |archive-url=https://web.archive.org/web/20150525204803/http://m.ndtv.com/india-news/maggi-noodles-packets-recalled-across-uttar-pradesh-say-food-inspectors-764729 |archive-date=25 May 2015 |access-date=20 May 2015 |work=[[NDTV]] |location=New Delhi, India}}</ref><ref name="Sushmi Dey">{{cite news |last=Sushmi Dey |date=16 May 2015 |title='Maggi' under regulatory scanner for lead, MSG beyond permissible limit |url=https://timesofindia.indiatimes.com/india/Maggi-under-regulatory-scanner-for-lead-MSG-beyond-permissible-limit/articleshow/47304615.cms |url-status=live |archive-url=https://web.archive.org/web/20150526230502/http://timesofindia.indiatimes.com/india/Maggi-under-regulatory-scanner-for-lead-MSG-beyond-permissible-limit/articleshow/47304615.cms |archive-date=26 May 2015 |access-date=20 May 2015 |work=[[The Times of India]] |location=New Delhi, India}}</ref> In January 2017, Nestlé announced that it was relocating its US headquarters from [[Glendale, California]], to [[Rosslyn, Virginia]], outside of [[Washington, DC]].<ref>{{cite news|url=https://www.arlnow.com/2017/02/01/nestle-to-move-u-s-headquarters-to-rosslyn/|title=Nestle Nestlé to Move U.S. Headquarters to Rosslyn|publisher=ArlNow|access-date=1 February 2017|archive-url=https://web.archive.org/web/20170201200533/https://www.arlnow.com/2017/02/01/nestle-to-move-u-s-headquarters-to-rosslyn/|archive-date=1 February 2017|url-status=live}}</ref> In March 2017, Nestlé announced that they will lower the sugar content in [[Kit Kat]], [[Yorkie (chocolate bar)|Yorkie]] and [[Aero (chocolate)|Aero]] chocolate bars by 10% by 2018.<ref>{{cite news|url=https://www.bbc.co.uk/news/uk-39201985|title=Kit Kat sugar content to be cut by 10%, says Nestle|work=BBC News|date=8 March 2017|access-date=21 June 2018|archive-url=https://web.archive.org/web/20180528012510/http://www.bbc.co.uk/news/uk-39201985|archive-date=28 May 2018|url-status=live}}</ref> In July, a similar announcement followed concerning the reduction of sugar content in its breakfast cereals in the UK.<ref>{{Cite news|url=https://www.independent.co.uk/news/business/news/nestle-cheerios-shreddies-cut-sugar-breakfast-cereals-pledge-health-lifestyle-a7823111.html|title=Shreddies are about to get a lot healthier|date=4 July 2017|work=The Independent|access-date=24 July 2017|archive-url=https://web.archive.org/web/20170724025253/http://www.independent.co.uk/news/business/news/nestle-cheerios-shreddies-cut-sugar-breakfast-cereals-pledge-health-lifestyle-a7823111.html|archive-date=24 July 2017|url-status=live}}</ref> The company announced a $20.8 billion share buyback in June 2017, following the publication of a letter written by [[Third Point Management]] founder [[Daniel S. Loeb]], Nestlé's fourth-largest stakeholder with a $3.5 billion stake,<ref>{{Cite news|url=https://www.reuters.com/article/us-nestle-thirdpoint-idUSKBN19I2AC|title=Nestle plans $20.8 billion share buyback amid Third Point pressure|date=27 June 2017|work=Reuters|access-date=24 July 2017|archive-url=https://web.archive.org/web/20170718193930/http://www.reuters.com/article/us-nestle-thirdpoint-idUSKBN19I2AC|archive-date=18 July 2017|url-status=live}}</ref> explaining how the firm should change its business structure.<ref name=":1">{{Cite news|url=https://www.wsj.com/articles/nestle-plans-20-8-billion-share-buyback-over-the-next-3-years-1498581756|title=Nestlé Plans Share Buyback After Pressure From Third Point|last1=Chaudhuri|first1=Saabira|date=27 June 2017|work=[[The Wall Street Journal]]|access-date=24 July 2017|last2=Blackstone|first2=Brian|issn=0099-9660|archive-url=https://web.archive.org/web/20170724001902/https://www.wsj.com/articles/nestle-plans-20-8-billion-share-buyback-over-the-next-3-years-1498581756|archive-date=24 July 2017|url-status=live}}</ref> Consequently, the firm will reportedly focus investment on sectors such as coffee and pet care and will seek acquisitions in the consumer health-care industry.<ref name=":1" /> In 2016, Nestlé and [[PAI Partners]] establish a joint venture, [[Froneri]], to combine the two companies' ice cream activities throughout Europe and other international countries.<ref>{{Cite web|url=https://www.nestle.com/media/pressreleases/allpressreleases/nestle-rr-joint-venture-froneri|title=Nestlé and R&R to create Froneri, an ice cream and frozen food joint venture|website=Nestlé Global|date=27 April 2016|language=en|access-date=12 January 2020|archive-date=12 January 2020|archive-url=https://web.archive.org/web/20200112064953/https://www.nestle.com/media/pressreleases/allpressreleases/nestle-rr-joint-venture-froneri|url-status=live}}</ref> In March 2017, Nestlé and Coca-Cola agreed to dissolve the [[Beverage Partners Worldwide]] venture effective on January 1, 2018, in part because Nestlé wanted to expand [[Nestea]] on its own.<ref name="ift">{{cite web |date=2017-03-07 |title=Nestlé, Coca-Cola end the Beverage Partners Worldwide joint venture |url=https://www.ift.org/news-and-publications/news/2017/march/07/nestle-coca-cola-end-the-beverage-partners-worldwide-joint-venture |access-date=2022-05-15 |publisher=IFT}}</ref> In July 2017, Nestlé introduced a new type of [[infant formula]] in Spain, containing two [[human milk oligosaccharide]]s.<ref>{{cite web|last=dairyreporter.com|title=Nestlé Spain develops first infant formula with two breast milk oligosaccharides|url=https://www.dairyreporter.com/Article/2017/07/05/Nestle-Spain-develops-formula-with-two-breast-milk-oligosaccharides|access-date=16 February 2022|website=dairyreporter.com|date=4 July 2017|language=en-GB|archive-date=1 December 2021|archive-url=https://web.archive.org/web/20211201011856/https://www.dairyreporter.com/Article/2017/07/05/Nestle-Spain-develops-formula-with-two-breast-milk-oligosaccharides|url-status=live}}</ref> Oligosaccharides are the third most abundant components of breast milk with various health benefits, but previously were not part of infant formula. In September 2017, Nestlé S.A. acquired a majority stake of [[Blue Bottle Coffee]].<ref>{{cite news|url=https://www.bloomberg.com/news/articles/2017-09-14/nestle-buys-majority-stake-in-u-s-coffee-roaster-blue-bottle|title=Nestle Is Said to Pay $425 Million to Buy Blue Bottle Coffee|work=Bloombery Business|date=14 September 2017|access-date=20 September 2017|archive-url=https://web.archive.org/web/20170919164040/https://www.bloomberg.com/news/articles/2017-09-14/nestle-buys-majority-stake-in-u-s-coffee-roaster-blue-bottle|archive-date=19 September 2017|url-status=live}}</ref> While the deal's financial details were not disclosed, the ''Financial Times'' reported "Nestlé is understood to be paying up to $500m for the 68 per cent stake in Blue Bottle".<ref>{{cite news|url=https://www.ft.com/content/8fccb91a-9943-11e7-a652-cde3f882dd7b|title=Nestlé breaks into US hipster coffee market with Blue Bottle deal|date=14 September 2017|first1=Ralph|last1=Atkins|first2=Tim|last2=Bradshaw|website=Financial Times|access-date=20 September 2017|archive-url=https://web.archive.org/web/20170921090414/https://www.ft.com/content/8fccb91a-9943-11e7-a652-cde3f882dd7b|archive-date=21 September 2017|url-status=live}}</ref> In September 2017, Nestlé USA agreed to acquire Sweet Earth, a California-based producer of plant-based foods, for an undisclosed sum.<ref>{{cite web|url=https://www.foodbev.com/news/nestle-usa-agrees-deal-for-meat-alternatives-brand-sweet-earth/|title=Nestlé agrees to acquire plant-based food brand Sweet Earth|website=Food Bev Media|access-date=20 September 2017|date=7 September 2017|archive-url=https://web.archive.org/web/20170921051431/https://www.foodbev.com/news/nestle-usa-agrees-deal-for-meat-alternatives-brand-sweet-earth/|archive-date=21 September 2017|url-status=live}}</ref> Nestlé set a new profit target in September 2017 and agreed to offload over 20 of its US candy brands in January 2018. However, sales grew only 2.4% in 2017, and as of July 2018, the share price declined more than 8%. While some suggestions were adopted, Loeb said in a July 2018 letter that the shifts are too small and too slow. In a statement, Nestlé wrote that it was "delivering results" and listed actions it had taken, including investing in key brands and its global coffee partnership with Starbucks. However, activist investors disagreed, leading Third Point Management to launch NestleNOW, a website to push its case with recommendations calling for change, accusing Nestlé of not being as fast, aggressive, or strategic as it needs to be. Activist investors called for Nestlé to divide into three units with distinct CEOs, regional structures, and marketing heads - beverage, nutrition, and grocery; spin off more businesses that do not fit its model such as ice cream, frozen foods, and confectionery; and add an outsider with expertise in the food and beverage industry to the board.<ref>{{cite news |url=https://www.reuters.com/article/us-nestle-thirdpoint-idUSKBN1JR26K |title=Loeb pressures Nestle for more sales, restructuring |date=2 July 2018 |via=www.reuters.com |newspaper=Reuters |access-date=22 April 2019 |archive-url=https://web.archive.org/web/20190422215407/https://www.reuters.com/article/us-nestle-thirdpoint-idUSKBN1JR26K |archive-date=22 April 2019 |url-status=live}}</ref><ref>{{cite web |last=Mullen |first=Jethro |url=https://money.cnn.com/2018/07/02/investing/nestle-dan-loeb-third-point/index.html |title=Nestle: Hedge fund billionaire Dan Loeb slams 'muddled' strategy |work=Money.cnn.com |date=2 July 2018 |access-date=25 November 2018 |archive-url=https://web.archive.org/web/20180809030101/https://money.cnn.com/2018/07/02/investing/nestle-dan-loeb-third-point/index.html |archive-date=9 August 2018 |url-status=live }}</ref> In January 2018, Nestlé USA announced it was selling its US confectionary business, including the [[100 Grand Bar|100 Grand]], [[Baby Ruth|BabyRuth]], [[Butterfinger]], [[Oh Henry!|OhHenry!]], [[Chocolate-covered raisin|Raisinets]] and [[Sno-Caps|SnoCaps]] to [[Ferrara Candy Company]], an American-based chocolate and candy maker and [[Ferrero SpA|Ferrero]]-related company.<ref name=":2">{{Cite news |title=Nestle is selling its U.S. candy business to Ferrero for about $2.8 billion |url=https://www.usatoday.com/story/money/2018/01/16/nestle-selling-its-u-s-candy-business-ferrero-2-9-b/1036675001/ |url-status=live |archive-url=https://web.archive.org/web/20180116201658/https://www.usatoday.com/story/money/2018/01/16/nestle-selling-its-u-s-candy-business-ferrero-2-9-b/1036675001/ |archive-date=16 January 2018 |access-date=17 January 2018 |work=USA TODAY |language=en}}</ref> The company was sold for a total of an estimated $2.8 billion.<ref name=":2" /> In May 2018, it was announced that Nestlé and [[Starbucks]] struck a $7.15 billion distribution deal, which allows Nestlé to market, sell and distribute Starbucks coffee globally and to incorporate the brand's coffee varieties into Nestlé's proprietary single-serve system, expanding the overseas markets for both companies.<ref>[https://www.forbes.com/sites/richardkestenbaum/2018/05/07/nestle-and-starbucks-do-a-deal-but-will-it-work-in-the-long-term/#169841c040eb "Nestlé And Starbucks Agree To A $7B Distribution Deal, But Will It Work In The Long Term?] {{Webarchive|url=https://web.archive.org/web/20180507234855/https://www.forbes.com/sites/richardkestenbaum/2018/05/07/nestle-and-starbucks-do-a-deal-but-will-it-work-in-the-long-term/#169841c040eb|date=7 May 2018}}" ''Forbes Big Business''. Retrieved 7 May 2018.</ref> In September 2018, Nestlé announced that it would sell Gerber Life Insurance for $1.55 billion.<ref>{{Cite news|url=https://www.wsj.com/articles/nestle-to-sell-gerber-life-insurance-to-western-southern-financial-1537222977|title=Nestlé to Sell Gerber Life Insurance to Western & Southern Financial|last1=Scism|first1=Leslie|date=17 September 2018|work=[[The Wall Street Journal]]|access-date=18 September 2018|last2=Barba|first2=Robert|language=en-US|issn=0099-9660|archive-url=https://web.archive.org/web/20180918033028/https://www.wsj.com/articles/nestle-to-sell-gerber-life-insurance-to-western-southern-financial-1537222977|archive-date=18 September 2018|url-status=live}}</ref><ref>{{Cite news|url=https://www.marketwatch.com/story/nestle-to-sell-gerber-life-insurance-for-155-billion-2018-09-17|title=Nestlé to sell Gerber Life Insurance for $1.55 billion|last=Assis|first=Claudia|work=MarketWatch|access-date=18 September 2018|language=en-US|archive-url=https://web.archive.org/web/20180917224957/https://www.marketwatch.com/story/nestle-to-sell-gerber-life-insurance-for-155-billion-2018-09-17|archive-date=17 September 2018|url-status=live}}</ref> In October 2018, Nestlé announced the launch of the Nestlé Alumni Network, through a strategic partnership with [[SAP SE|SAP]] & [[EnterpriseAlumni]], to engage with their over 1 million [[Corporate Alumni|alumni]] globally.<ref>{{cite web |url=https://alumni.nestle.com/ |title=Archived copy |access-date=6 December 2019 |archive-url=https://web.archive.org/web/20190719123418/https://alumni.nestle.com/ |archive-date=19 July 2019 |url-status=live }}</ref> In 2019, the company announced that it would publish Nutri-Score on all of its products sold in the European countries that supported the nutritional label.<ref>{{cite web |url=https://www.just-food.com/news/nestle-to-adopt-nutri-score-labelling-system-in-continental-europe_id141730.aspx |title=Nestle to adopt Nutri-Score labelling system in continental Europe | Food Industry News | just-food |website=www.just-food.com |access-date=30 June 2022 |archive-url=https://web.archive.org/web/20210115110453/https://www.just-food.com/news/nestle-to-adopt-nutri-score-labelling-system-in-continental-europe_id141730.aspx |archive-date=15 January 2021 |url-status=dead}}</ref> In 2020, Nestlé USA's and Nestlé Canada's ice cream divisions were acquired by [[Froneri]].<ref>{{Cite web|url=https://www.froneri.com/news/froneri-moves-towards-global-leadership-with-acquisition-of-nestl%C3%A9-usa-s-ice-cream-business/|title=Froneri acquisition of Nestle USA|website=www.froneri.com|access-date=11 January 2020|archive-date=23 March 2020|archive-url=https://web.archive.org/web/20200323153550/https://www.froneri.com/news/froneri-moves-towards-global-leadership-with-acquisition-of-nestl%C3%A9-usa-s-ice-cream-business/|url-status=live}}</ref> Also during that year, Nestlé announced that the company wants to invest in plant-based food, starting with a "tuna salad" and meat-free products to engage and reach younger and vegan consumers.<ref>{{Cite news|url=https://www.ft.com/content/03590608-4e2e-11ea-95a0-43d18ec715f5 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/03590608-4e2e-11ea-95a0-43d18ec715f5 |archive-date=10 December 2022 |url-access=subscription |url-status=live|title=Nestlé eyes 'once in a generation' plant-based opportunity|first=Judith|last=Evans|date=13 February 2020|newspaper=Financial Times|access-date=18 February 2020}}</ref> On 16 February 2021, Nestlé announced that it had agreed to sell its water brands in the US and Canada to One Rock Capital Partners and [[Metropoulos & Co.|Metropoulos & Co]]. The sale would include the spring water and mountain brands, the purified water brand and the delivery service. The plan did not include the Perrier, S.Pellegrino and Acqua Panna brands.<ref>{{cite web |url=https://www.cnbc.com/2021/02/17/nestle-to-sell-north-american-water-brands-for-4point3-billion.html |title=One Rock and Metropoulos & Co. to acquire Nestlé Waters North America |date=17 February 2021 |work=CNBC |access-date=18 February 2021 |quote= |archive-date=17 February 2021 |archive-url=https://web.archive.org/web/20210217120138/https://www.cnbc.com/2021/02/17/nestle-to-sell-north-american-water-brands-for-4point3-billion.html |url-status=live}}</ref><ref>{{cite web |url=https://www.guelphtoday.com/local-news/nestle-water-bottling-operations-sold-to-equity-firm-for-43-billion-3436091 |title=Nestlé water-bottling operations sold to equity firm for $4.3 billion |date=17 February 2021 |work=CTV News |access-date=18 February 2021 |quote= |archive-date=18 February 2021 |archive-url=https://web.archive.org/web/20210218003415/https://www.guelphtoday.com/local-news/nestle-water-bottling-operations-sold-to-equity-firm-for-43-billion-3436091 |url-status=live }}</ref> In early April 2021, the sale was concluded.<ref>{{cite web|url=https://www.guelphtoday.com/local-news/nestle-waters-sale-finalized-and-a-day-later-ontario-lifts-moratorium-on-permits-3597877|title=Archeological Find Unearthed in Kitchener|date=2 April 2021|access-date=2 April 2021|quote=The 4.3 billion U.S. dollar sale of Nestle Waters North America to One Rock Capital Partners LLC was announced in February and the sale closed on Wednesday|archive-date=4 May 2021|archive-url=https://web.archive.org/web/20210504232117/https://www.guelphtoday.com/local-news/nestle-waters-sale-finalized-and-a-day-later-ontario-lifts-moratorium-on-permits-3597877?utm_source=Email&utm_medium=Email&utm_campaign=Email|url-status=live}}</ref> The [[COVID-19 pandemic]] did not affect Nestlé negatively. Due to lockdowns, people bought more packaged foods, not only coffee and dairy products, but also pet products, which increased the company's sales. Nestlé recorded its strongest quarterly sales growth in 10 years.<ref>{{cite web|date=22 April 2021|title=Coffee, dairy help Nestle post strongest quarter in a decade|url=https://www.reuters.com/business/retail-consumer/coffee-dairy-help-nestle-beat-expectations-q1-2021-04-22/|access-date=22 April 2021|website=Reuters|archive-date=22 April 2021|archive-url=https://web.archive.org/web/20210422065529/https://www.reuters.com/business/retail-consumer/coffee-dairy-help-nestle-beat-expectations-q1-2021-04-22/|url-status=live}}</ref> In April 2021, Nestlé agreed to purchase the vitamin manufacturing [[NBTY|Bountiful Company]], formerly known as The Nature's Bounty Co., for $5.75 billion, noting as well that much of the company's{{Which|date=February 2024}} growth that quarter came from "vitamins, minerals, and supplements that support health and the immune system". Bountiful's brands included Nature's Bounty, Solgar, Osteo Bi-Flex, and Puritan's Pride.<ref>{{Cite news|last=Kostov|first=Nick|date=30 April 2021|title=Nestlé Expands in Vitamins With $5.75 Billion Nature's Bounty Deal|language=en-US|work=[[The Wall Street Journal]]|url=https://www.wsj.com/articles/nestle-expands-in-vitamins-with-5-75-billion-natures-bounty-deal-11619778234|access-date=30 April 2021|issn=0099-9660|archive-date=30 April 2021|archive-url=https://web.archive.org/web/20210430102731/https://www.wsj.com/articles/nestle-expands-in-vitamins-with-5-75-billion-natures-bounty-deal-11619778234|url-status=live}}</ref><ref>{{cite web|date=30 April 2021|title=Nestle buys vitamin maker Bountiful's main brands for $5.75 billion|url=https://www.cnbc.com/2021/04/30/nestle-buys-vitamin-maker-bountifuls-main-brands-for-5point75-billion.html|access-date=30 April 2021|website=CNBC|language=en|archive-date=30 April 2021|archive-url=https://web.archive.org/web/20210430110628/https://www.cnbc.com/2021/04/30/nestle-buys-vitamin-maker-bountifuls-main-brands-for-5point75-billion.html|url-status=live}}</ref><ref>{{Cite news|date=30 April 2021|title=Nestle to Buy Vitamin Brands From KKR for $5.75 Billion|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2021-04-30/nestle-to-buy-nature-s-bounty-owner-from-kkr-for-5-75-billion|access-date=30 April 2021}}</ref> In July 2021, [[Vitaflo|Vitaflo International Ltd.]] (subsidiary to Nestlé Health Science since 2010) acquired the [[Dr. Schär]] brands, Mevalia and ComidaMed, which are used for the dietary management of IEM and cow's milk protein allergy to complement Vitaflo's existing IEM product portfolio.<ref>{{Cite web |title=NHSc to acquire the Mevalia® and ComidaMed® brands from Dr. Schär |url=https://www.nestlehealthscience.com/vitaflo/announcement |access-date=2024-04-08 |website=www.nestlehealthscience.com}}</ref> In January 2022, Nestlé announced that it would pay African cocoa farmers cash if they send their children to school.<ref>{{cite web|title=Nestlé will pay African cocoa farmers to keep children in schools|url=https://www.swissinfo.ch/eng/business/nestl%C3%A9-will-pay-african-cocoa-farmers-to-keep-children-in-schools-/47298724|access-date=28 January 2022|website=SWI swissinfo.ch|date=27 January 2022|language=en|archive-date=28 January 2022|archive-url=https://web.archive.org/web/20220128024341/https://www.swissinfo.ch/eng/business/nestl%C3%A9-will-pay-african-cocoa-farmers-to-keep-children-in-schools-/47298724|url-status=live}}</ref> In May 2022, it was announced Nestlé's Health Science unit had acquired the [[Brazil]]ian organic, natural, plant-based food maker Puravida.<ref>{{Cite web |title=Nestlé To Acquire Brazilian Plant-Based Firm Puravida |url=https://www.esmmagazine.com/a-brands/nestle-to-acquire-brazilian-plant-based-firm-puravida-174536 |access-date=24 May 2022 |website=ESM Magazine |date=24 May 2022 |language=en |archive-date=24 May 2022 |archive-url=https://web.archive.org/web/20220524074608/https://www.esmmagazine.com/a-brands/nestle-to-acquire-brazilian-plant-based-firm-puravida-174536 |url-status=live }}</ref> In May 2022, Nestlé was sending baby formula supplies to the U.S. from European air bases to ease the [[2022 United States infant formula shortage]]. These relief shipments included products from the [[Gerber Products Company|Gerber]] baby food formula brand from the [[Netherlands]] and Alfamino baby formula from [[Switzerland]].<ref>[https://www.webmd.com/parenting/baby/news/20220518/nestle-flying-in-baby-formula-ease-us-shortage "Nestle Flying in Baby Formula to Ease U.S. Shortage"] {{Webarchive|url=https://web.archive.org/web/20220605014011/https://www.webmd.com/parenting/baby/news/20220518/nestle-flying-in-baby-formula-ease-us-shortage |date=5 June 2022 }}. ''webmd.com''. Retrieved 4 June 2022.</ref> In September 2023, it was announced Nestlé had acquired a majority stake in the [[Extrema, Minas Gerais]]-headquartered premium chocolate manufacturer, Grupo CRM for an undisclosed amount.<ref>{{Cite web |last=Egginton |first=Tess |date=7 September 2023 |title=Nestlé to acquire majority stake in Brazilian premium chocolate company |url=https://www.fdiforum.net/mag/production/nestle-to-acquire-majority-stake-in-brazilian-premium-chocolate-company/ |access-date=8 September 2023 |website=Food & Drink International |language=en-GB}}</ref> Following the [[Russian invasion of Ukraine|2022 Russian invasion of Ukraine]], the company continued doing business in Russia; therefore in November 2023, Ukraine's [[National Agency on Corruption Prevention]] listed Nestlé as an [[International Sponsors of War|International Sponsor of War]]. Nestle stated that it had already "halted all non-essential imports and exports to and from Russia".<ref>{{Cite news |date=2 November 2023 |title=Ukraine labels Nestlé a 'sponsor' of Russia's war of aggression |url=https://www.swissinfo.ch/eng/business/ukraine-labels-nestl%C3%A9-a-sponsor-of-russia-s-war-of-aggression/48946316 |work=SWI swissinfo}}</ref> In February 2024, it was announced Nestle is expanding manufacturing capacity in [[India]] and increasing investments — the company will invest between [[Indian rupee|₹]]60-65 billion ($723–783 million) from 2020 to 2025.<ref>{{Cite news |date=8 February 2024 |title=Nestle investing Rs 6,000-6,500 cr to expand manufacturing ops in India, says top official |url=https://economictimes.indiatimes.com/industry/cons-products/fmcg/nestle-investing-rs-6000-6500-cr-to-expand-manufacturing-ops-in-india-says-top-official/articleshow/107532002.cms |archive-url=https://web.archive.org/web/20240209050230/https://economictimes.indiatimes.com/industry/cons-products/fmcg/nestle-investing-rs-6000-6500-cr-to-expand-manufacturing-ops-in-india-says-top-official/articleshow/107532002.cms |archive-date=2024-02-09 |access-date=2024-02-26 |website=The Economic Times |language=en}}</ref> The [[Grand National Assembly of Turkey]] announced that Nestlé products (as well as some other products) will not be sold in restaurants, cafeterias and tea houses in the parliament campus. They said that this was a response to the manufacturers' support for Israel, but they did not identify anything the companies had actually done.<ref>{{Cite web |title=Turkish parliament dumps Coke, Nestle from menus over alleged Israel support |url=https://www.reuters.com/world/middle-east/turkish-parliament-removes-brands-menu-over-alleged-israel-support-2023-11-07/ |access-date=2 August 2024 |website=Reuters}}</ref> That month, Nestlé announced Schneider would leave his position as CEO and be replaced by [[Laurent Freixe]] on September 1, 2024.<ref>{{Cite web |title=Nestlé chief executive Mark Schneider to step down |url=https://www.ft.com/content/b2bfa1d7-e34b-46d6-bbeb-42bb6ea28720 |access-date=2024-08-23 |website=www.ft.com|date=23 August 2024 |last1=Agnew |first1=Harriet |last2=Speed |first2=Madeleine }}</ref>
Summary:
Please note that all contributions to Niidae Wiki may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Encyclopedia:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)
Search
Search
Editing
Nestlé
(section)
Add topic