PARIS (Reuters) – Nestle (NESN.VX: Quote, Profile, Research, Stock Buzz) is trimming its huge range of businesses and pushing deeper into niche medical products to improve returns, but the food and beverage giant still likes its heft.
The world’s largest consumer goods firm, with nearly $103 billion in sales, has benefited from its diversity, with products ranging from Gerber baby food and Nescafe coffee to Kit Kat chocolate and Maggi soups.
BAYREUTH Germany (Reuters) – It takes a British American Tobacco factory machine three minutes to load 4 million cigarettes onto a truck in northern Bavaria – but it can take a lot longer to figure out whether those cigarettes end up where they should.
So the EU is asking tobacco firms to do more to track and trace their goods, in order to tackle a huge black market and ultimately prevent some of the 700,000 deaths each year in the EU from smoking-related diseases.
LONDON, June 10 (Reuters) – Imperial Tobacco Group
plans to list its European logistics division Logista on the
Spanish stock market, the British company said on Tuesday.
Logista is a leading distributor for Imperial’s
Franco-Spanish subsidiary Altadis and other tobacco companies in
southern Europe but also works for companies in the broader
consumer goods sector as well as telecom operators,
pharmaceutical companies and publishing houses in serving about
300,000 delivery points including petrol stations, hospitals and
ZURICH/LONDON, June 8 (Reuters) – Nestle’s chief
executive, who oversees a sprawling empire stretching from baby
food to wrinkle treatment, admits to finding one of its oldest
businesses, chocolate, a source of frustration.
Nestle is one of many consumer goods companies trying to tap
interest in high-end, natural, artisan, exclusive or organic
goods to augment packaged food sales that have been sluggish in
Europe and North America since the global recession.
FRANKFURT/LONDON (Reuters) – Henkel & Co plans to buy French household cleaner maker Spotless, for 940 million euros ($1.28 billion) cash, its second purchase in a week as the German consumer goods company builds its presence in large, profitable, mature markets.
Henkel is buying Spotless from London-based private equity firm BC Partners, adding Eau Ecarlate and Dylon laundry products to a portfolio that already includes Persil detergent, Loctite adhesives and Schwarzkopf hair products.
LONDON, June 4 (Reuters) – Nestle has less
tolerance for underperforming food brands as its focus shifts to
more scientific businesses such as medical nutrition and skin
health that require deeper investments.
Paul Bulcke, chief executive of the world’s largest packaged
food group, said on Wednesday its newer businesses, which
include injectable wrinkle treatments, were more complicated
than food and therefore required greater resources.
FRANKFURT/LONDON (Reuters) – Germany’s Henkel (HNKG_p.DE: Quote, Profile, Research, Stock Buzz) will buy three U.S. hair care companies for 270 million euros ($370 million) in cash as the household products and industrial glues maker aims to strengthen its business with hair salons.
Henkel, which already owns Schwarzkopf hair products, said the three brands – SexyHair, Alterna and Kenra – have annual sales of about 140 million euros, mostly through hair salons.
FRANKFURT/LONDON, June 2 (Reuters) – Germany’s Henkel
will buy three U.S. hair care companies for 270
million euros ($370 million) in cash as the household products
and industrial glues maker aims to strengthen its business with
Henkel, which already owns Schwarzkopf hair products, said
the three brands – SexyHair, Alterna and Kenra – have annual
sales of about 140 million euros, mostly through hair salons.
LONDON, May 29 (Reuters) – Tate & Lyle posted a
drop in profit and forecast a further weakening in the new year,
as the British food ingredients firm feels the chill from a cold
winter in the United States and stiff competition for its
The company, which sells a range of sweeteners including
sucralose under the Splenda brand, said in February that
sucralose prices would be about 15 percent lower in the new
LONDON/ZURICH (Reuters) – Swiss food group Nestle (NESN.VX: Quote, Profile, Research, Stock Buzz) stepped up its drive into the fast-growing skincare market on Wednesday, buying the rights to several treatments for facial lines and wrinkles from Valeant Pharmaceuticals International (VRX.TO: Quote, Profile, Research, Stock Buzz) for $1.4 billion in cash.
The world’s biggest food group, with brands including KitKat chocolate bars, Gerber baby food and Nescafe coffee, signaled its ambitions in skincare in February by taking over the Galderma dermatology venture it had with L’Oreal (OREP.PA: Quote, Profile, Research, Stock Buzz).