Global reputation and companies: Apple slips, Nestlé climbs

GENEVA, SWITZERLAND – Vevey-based Nestlé is in the top 10 for the first time on the Global Rep Trak 100 list of companies’ reputations. Apple moved from 5th to 12th place. The list and related products for companies, by the Reputation Institute, is designed to help firms better understand how their local and global reputations […]

US youth, son of Nestlé manager, charged with under-age porn filming

“TJ” waived his first hearing in face of “overwhelming evidence”, could face jail, sex offender list GENEVA, SWITZERLAND – The 19-year-old son of a Nestlé manager faces charges of possession and dissemination  of pornographic material in Pennsylvania after secretly filming three women undressing and uploading the videos to an online pornography site. The youth, TJ, […]

Nestlé recalls products with horsemeat

GENEVA / VEVEY, SWITZERLAND – Nestlé and Lidl, two of the giants in the food industry, said Monday they are recalling products marked with beef in which traces of horsemeat have been found. The Swiss company is recalling pasta with meat products from Italy and Spain, while Lidl’s recall covers Sweden, Finland, Denmark and Belgium. […]

Nestlé up, ABB down: 2012 financial results

GENEVA, SWITZERLAND – Nestlé Group in Vevey finished 2012 with sales up 10.2 percent, with organic growth of 5.9 percent, in line with expectations. The world’s largest food company sold CHF92.2 billion in products last year. Growth was strongest in Asia, Oceania and Africa, the company reports. Net profit was up CHF1.1b to CHF10.6b, and […]

Nestlé to create visitor centre in original HQ near Vevey station (update)

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Updated 23:30  photos added  GENEVA / VEVEY, SWITZERLAND – Food and nutrition multinational Nestlé will celebrate its 150th anniversary in 2016 by opening a new visitor centre at Les Bosquets, in the industrial zone directly behind the Vevey train station. The centre will give the public a closer look at the company’s history, and current […]

Nestle’s new Lausanne research centre to focus on help for aging

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LAUSANNE, SWITZERLAND – Nestlé 2 November inaugurated its new research centre at EPFL, the federal polytechnic institute in Lausanne. The Nestlé Institute of Health Sciences “is developing the scientific basis for personalised nutrition in the areas of gastrointestinal health, metabolic health, and brain health,” the company said in a statement. “Ultimately, the goal of this […]

Nestlé’s good 2012 continues (update)

Company will double Chinese R&D GENEVA, SWITZERLAND – Food and health products giant Nestlé says it expects to deliver organic growth of 5 to 6 percent for the year, in line with expectations announced earlier, after showing an 11 percent increase in sales to CHF67.6 million for the first nine months of 2012. Sales grew […]

Cereal-makers commit to 24% less sugar, 12% less salt for kids

LAUSANNE, SWITZERLAND – Breakfast cereal giants Nestlé and General Mills have agreed to reduce by up to one-third in three years the amount of sugar in breakfast cereals aimed at young people. They will also cut the salt in cereal packages by 12 percent by 2015 and make whole grains the main ingredient. Nestlé announced the […]

Financial results: Nestlé up, Xstrata down, Swisscom hurt by franc

ZURICH, SWITZERLAND – Nestlé confirmed Thursday 9 August it expects 5-6 percent organic growth for 2012, after posting half-year results that show 12.9 percent organic growth in emerging markets and 2.9 percent in developed markets. Total group sales increased 7.5 percent to CHF44.1 billion and net profit was CHF5.1 billion, up 8.9 percent from CHF […]

Raining coffee capsules in Switzerland! Migros, Fust join game

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ZURICH, SWITZERLAND – Migros and Fust started coffee-lovers off, post holiday weekend, with an explosion of Nespresso machine friendly capsules. The two store chains announced, apparently coincidentally, that they are launching their own capsules designed to work with Nespresso machines, and that they are confident there is no patent violation. Nestlé has staunchly defended its […]