Pins matching tag:Nestlé

After six months and 73 hearings, a Senate commission said the French state hid Nestlé Waters' use of banned treatments on Perrier, Vittel, Contrex and Hépar, a fraud France's fraud-control agency puts at over 3 billion euros.

Nestlé's first-half organic growth was 2.9%, almost all of it from pricing with real internal growth of just 0.2%, while reported sales fell 1.8% to CHF 44.2 billion on the strong franc. CEO Laurent Freixe kept 2025 guidance, including an underlying trading margin at or above 16.0%.

Nestlé's board dismissed Laurent Freixe with immediate effect after an investigation found an undisclosed romantic relationship with a direct subordinate, one year into his tenure. Nespresso chief Philipp Navratil, a Nestlé lifer who joined as an internal auditor in 2001, took over as CEO.

Former Inditex boss Pablo Isla took over as Nestlé's chairman on 1 October 2025, six months earlier than planned, after Paul Bulcke chose to step down in the wake of the CEO's dismissal. Dick Boer became Lead Independent Director and Vice Chairman.

In Philipp Navratil's first results as CEO, Nestlé's third-quarter organic growth rose to 4.3% with volumes (RIG) back up 1.5%, and it raised its cost-savings target to CHF 3.0 billion by 2027, including about 16,000 job cuts over two years. The shares closed 9.3% higher.

New CEO Philipp Navratil set out a global headcount reduction of about 16,000 - some 12,000 white-collar roles and 4,000 in manufacturing and supply chain - and raised Nestlé's Fuel for Growth savings target to CHF 3.0 billion by the end of 2027. The shares jumped more than 8%.

Routine checks after new equipment went into a line at Nestlé's Dutch infant-formula plant found traces of the toxin cereulide, so Nestlé recalled every batch made since - 25 batches, including NAN formula, in 16 European countries.

The prefect authorised Nestlé Waters Supply Sud to bottle 'Source Perrier' natural mineral water at Vergèze from only the Romaine VI and VII boreholes, with three others disconnected and 24 months of reinforced health checks.

After tracing the toxin cereulide to arachidonic acid (ARA) oil from a global supplier, Nestlé began recalling SMA, BEBA, NAN, Alfamino and Guigoz batches country by country from 5 January 2026, in more than 60 countries.

The Paris prosecutor's public-health unit opened five investigations, for deception endangering health and endangering life, into infant formula sold by Nestlé, Lactalis, Danone, Babybio and La Marque en moins.

Nestlé grew 3.5% organically in 2025 on sales of CHF 89.5 billion, proposed a dividend of CHF 3.10 a share, up 5 centimes, and set out a focus on four businesses: Coffee, Petcare, Nutrition and Food & Snacks. It guided to around 3% to 4% organic growth in 2026.

At its 159th Annual General Meeting in Lausanne, Nestlé's shareholders re-elected Pablo Isla as Chair and elected former Swiss National Bank chairman Thomas Jordan and P&G executive Fama Francisco to the board. They also approved a CHF 3.10 dividend, the 30th consecutive increase.

Nestlé agreed to sell Blue Bottle Coffee, bought in 2017, to Centurium Capital, the biggest shareholder of China's Luckin Coffee, with the deal expected to close in the first half of 2026. The sale covers Blue Bottle's more than 100 cafes and most of its packaged-coffee business; Nestlé keeps the Blue Bottle Nespresso pods.

Nestlé grew 3.5% organically in the first quarter, led by coffee, even though its infant formula recall cut about 0.9 points off growth; reported sales fell 5.7% to CHF 21.3 billion on the strong franc. It kept its 2026 guidance.

An Assemblée nationale fact-finding mission found contaminated formula stayed on sale for weeks after the alert and that five weeks passed between Nestlé's first recall and France's health crisis centre hearing of it, and made 12 recommendations.

Nestlé's first-half organic growth reached 3.6% and volumes (RIG) improved to 1.8% in the second quarter, but net profit fell 31.4% to CHF 3.5 billion on restructuring and a CHF 1.3 billion write-down of businesses it is selling. It kept its 3% to 4% growth guidance for 2026.

Nestlé will put S.Pellegrino, Perrier, Acqua Panna, Nestlé Pure Life and its other waters and premium beverages into Peranel, a 50:50 joint venture with Platinum Equity valued at EUR 4.9 billion. Nestlé expects about EUR 3.0 billion in cash at closing, due in the first half of 2027.

Purina's first factory built from the ground up since 1975, a 1.3-million-square-foot plant making Purina Pro Plan, Purina ONE and Dog Chow, officially opened east of Cincinnati. It is the largest investment Nestlé has made in a Purina plant and employs more than 430 people, heading for 500.

Nestlé agreed to sell its mainstream vitamins business - Nature's Bounty, Osteo Bi-Flex, Ester-C, Gard, Nuun, Puritan's Pride and Sisu, with its US private-label supplements and their plants - to Yellow Wood Partners for $1.0 billion. The business had $1.2 billion of sales in 2025; Nestlé keeps premium brands such as Solgar and Pure Encapsulations.

The court reinstated the prosecution's microplastics analyses that Nancy's criminal court had thrown out in March, sending the case over 473,000 m³ of waste dumped near Vittel and Contrexéville back for a full new trial.

Nestlé publishes its January-September 2026 sales, the first update since it kept its 3% to 4% organic growth guidance in July and agreed the Peranel waters joint venture. Last year's nine-month release brought a 4.3% third quarter and about 16,000 job cuts.

Nestlé stops making hollow chocolate figures at its 220-worker Diósgyőr plant in Miskolc at the end of 2026, and Hungarian food wholesaler Vimpex takes the factory over from 1 January 2027, keeping at least a third of the staff.

Nestlé publishes its 2026 full-year results, the test of its 3% to 4% organic growth guidance and CHF 9 billion free-cash-flow target, a year after the results day on which it proposed its CHF 3.10 dividend for 2025.

Expected completion of the deal that moves S.Pellegrino, Perrier, Acqua Panna and Nestlé's other waters into Peranel, a 50:50 joint venture with Platinum Equity, paying Nestlé about EUR 3.0 billion (CHF 2.8 billion) in cash. Closing still needs employee consultations and regulatory approvals.

Expected completion of Yellow Wood Partners' $1.0 billion purchase of Nature's Bounty, Nuun, Osteo Bi-Flex, Ester-C, Gard, Puritan's Pride and Sisu from Nestlé, pending regulatory approvals. The carved-out business, with $1.2 billion of 2025 sales, will run as a standalone company.

The 24-month reinforced health monitoring the Gard prefect imposed on Perrier's Romaine VI and VII boreholes runs out, and Nestlé must then show the spring's original purity and stable mineral content to keep its natural mineral water status.

Nestlé aims to finish cutting about 16,000 jobs and reach CHF 3.0 billion of Fuel for Growth cost savings by the end of 2027. By mid-2026 it reported CHF 1.7 billion of savings delivered.

Nestlé's CHF 520 million plant and logistics hub in Mantua, Italy, is due to start making super-premium wet food for cats and dogs for Purina brands in 2029. It will be Purina's 15th production site in Europe, with about 300 jobs expected.