Nestle Foodservice (2Balance) News & Media

Office coffee service market to grow by $1.23B by 2028

May 31, 2024

The office coffee service market is slated to grow by $1.23 billion by 2028, according to Technavio. The market is estimated to grow at a CAGR of 8.47% during…

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Nestle lifts 2023 earnings despite sale dip

February 22, 2024

Nestle S.A. lifted its 2023 earnings against a slight sales decline, impacted by soft consumer demand, capacity constraints and a temporary supply disruption…

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Nestle invests $100M in food delivery company

November 9, 2023

Nestle S.A. has invested $100 million in Wonder Group, a New York City-based food delivery company that also offers kitchen equipment and ingredients to…

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Nestle to idle 77 at Ohio facility

November 6, 2023

Nestle SA plans to lay off 77 of its approximately 3,000 employees who work at its Solon, Ohio campus, according to a Cleveland.com report.

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Nestlé to acquire Brazil chocolate maker

September 11, 2023

Nestlé S.A. has agreed to acquire a majority stake in Grupo CRM, a Brazil chocolate provider, according to a press release. Grupo CRM operates a…

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Nestle reports strong HY 2023

July 28, 2023

Nestle SA lifted its sales and profits for first half 2023 over the prior year period, according to a press release, with organic sales surpassing analyst…

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Nestlé names new CFO

May 30, 2023

Anna Manz Nestlé S.A. has named Anna Manz, a member of the board for the London Stock Exchange Group, as CFO, according to a press release. She…

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Pullings-Hart to replace Batato as Nestlé operations chief

May 24, 2023

Magdi Batato, executive vice president and head of operations at Nestlé, will take retirement in early 2024 after more than 30 years with the company…

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Nestlé tests self-package cereal dispensing machines to cut disposable packaging

March 14, 2023

Nestlé has installed self-package cereal vending machines at a pair of retailers in Indonesia to encourage consumers to bring their own containers, according…

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Nestle SA to invest $100M in Colombia

January 30, 2023

Nestle SA will invest $100 million over the next three years in its operations in Colombia, President Gustavo Petro said Friday, according to a Reuters report.

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Nestle lifts 9-month sales for 2022, boosted by pricing, acquisitions

October 19, 2022

Nestle SA lifted its nine-month results for 2022 over the prior year period, boosted by acquisitions and pricing activity, according to an earnings release.

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Nestlé names chief communications officer

September 22, 2022

Lisa Gibby Nestlé S.A. has promoted Lisa Gibby from vice president of corporate communications to deputy executive vice president and chief…

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Vendekin Technologies seeks to automate retail globally

August 1, 2022

Vendekin Technologies, a Pune, India based provider of vending technology launched by entrepreneur Aroon Khatter in 2018, has set its sights on enabling…

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Nestle boosts HY 2022 on price hikes; earnings slide

July 28, 2022

Nestle SA boosted its first half year 2022 sales close to 10% driven largely by price increases, while earnings suffered nearly a 12% decline, according to an…

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Nestle opens coffee processing plant in Mexico

July 27, 2022

Nestle has commenced operations at its largest coffee processing plant to date, located in Veracruz, Mexico, a $340 million project to process 670,000 bags per…

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Systm Foods acquires Chameleon Organic Coffee from Nestle USA

June 27, 2022

Systm Foods, a brand platform with offices in Newport Beach and San Francisco, has acquired Austin-based Chameleon Organic Coffee, a provider of multi-serve…

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