The Business Times
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Nestle

Consumer & Healthcare

Nestle India rejects allegations of infestation in its Maggi noodles

The investigation said Nestle had delayed alerting European authorities about the presence of cereulide, a toxin.
Consumer & Healthcare

Nestle and Danone face fresh scrutiny over infant formula recalls

Meta plans to cut 10% of its workforce – about 8,000 employees – from May 20.
Global Enterprise

Meta, Amazon, Wall Street: Global giants slashing headcounts worldwide

Nestle’s first-quarter organic sales, which exclude the impact of currency movements and acquisitions, grew 3.5 per cent, ahead of analyst expectations of 2.4 per cent.
Companies & Markets

Nestle rides out Iran war impact, seeks turnaround in China

Centurium and Luckin have been assessing various coffee-chain targets.
Consumer & Healthcare

Luckin Coffee backer Centurium in advanced talks for Nestle’s Blue Bottle: sources

The global food giant is cutting about 16,000 jobs as part of a sweeping reorganisation that includes divesting non-core brands and businesses.
Companies & Markets

Nestlé begins South Africa layoffs as part of global overhaul

Nestle's moves come as the infant formula crisis drags into its third month, with products from at least five companies recalled in more than 60 countries.
International

Nestle running 24 hours to avert formula shortages after recall

Luckin Coffee opened a net 3,008 new stores in the quarter, including five in Singapore, 21 in Malaysia and three in the US, taking its total worldwide to 29,214.
Global Enterprise

China's Luckin Coffee mulls bid for Nestle’s Blue Bottle: sources

The move is the latest development in an ongoing scandal surrounding the Nestle owned brand since French media reported last year that Perrier and many other mineral water producers had been illegally treating their water to prevent contamination.
Consumer & Healthcare

Is Perrier ‘natural’ mineral water? French court to decide

Navratil says the 12,000 white-collar job cuts over the next two years, in addition to a further 4,000 headcount reduction as part of ongoing initiatives in manufacturing and the supply chain, are part of an efficiency push.
Global Enterprise

Nestle to axe 16,000 jobs as new CEO targets sales growth

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