Nestlé creates research institute for packaging to accelerate sustainability agenda
Provider: Nestlé Global Type: Link Title: Nestlé creates research institute for packaging to accelerate sustainability agenda Description: Nestlé announces the creation of the Nestlé Institute of Packaging Sciences, dedicated to the development of environmentally friendly packaging solutions.
Nestlé steps up efforts in addressing plastics waste and pollution
Provider: Nestlé Global Type: Link Title: Nestlé steps up efforts in addressing plastics waste and pollution Description: Nestlé today joined forces with other businesses and governments in signing The New Plastics Economy Global Commitment ('Global Commitment') at the Our Ocean Conference in Bali, Indonesia. The Global Commitment is an initiative of The Ellen MacArthur Foundation and UN Environment. It aims to rethink the future of plastics by applying the principles of circular economy, in which plastics never become waste. The Global Commitment represents a powerful framework to work collectively on solutions that address the root causes of plastics waste and pollution. Nestlé CEO Mark Schneider said, "This Global Commitment is a step-change we urgently need in order to move from a linear to a circular economy. We want to act and lead by example. We will do our part to ensure that none of our packaging, including plastics, ends up in the natural environment." Read the full press release
Provider: Nestlé Global Type: Link Title: Nestlé reports nine-month sales for 2018 Description: Mark Schneider, Nestlé CEO: "We are encouraged by the progress on our path of accelerated value creation. The nine-month sales show solid growth across most geographies and product categories. We are starting to see improved momentum in North America and in our infant nutrition category globally. Our business in China continued to grow at a mid single-digit pace. Our growth was supported by disciplined execution and faster innovation. We have reached significant milestones in portfolio management and are particularly pleased with the early closing of the Starbucks transaction. We have also made good progress on our various cost reduction programs. Our growth and efficiency initiatives put us on track to meet our full-year 2018 guidance and 2020 targets." Read the full press release Follow the Investor call webcast hosted by Mark Schneider, Nestlé Chief Executive Officer, and François-Xavier Roger, Nestlé Chief Financial Officer live at 14:00 CEST.
Nestlé to sharpen its Nutrition, Health and Wellness strategic focus, will explore strategic options for Nestlé Skin Health
Provider: Nestlé Global Type: Link Title: Nestlé to sharpen its Nutrition, Health and Wellness strategic focus, will explore strategic options for Nestlé Skin Health Description: As part of its regular strategy review earlier this year, the Board of Directors assessed Nestlé’s Nutrition, Health and Wellness strategy. The Board fully confirmed the company’s strategic direction and resolved to sharpen its focus on food, beverage and nutritional health products. By enhancing the Group’s focus, the Board expects to deepen resource commitment to its key growth initiatives and facilitate the implementation of its accelerated long-term value creation strategy. After further analysis and consideration, the Board has come to the conclusion that the future growth opportunities of Nestlé Skin Health lie increasingly outside the Group’s strategic scope. The Board has therefore decided to explore strategic options for Nestlé Skin Health. This review is expected to be completed by mid-2019. Read the full press release.
Nestlé agrees to sell Gerber Life Insurance Co. to Western & Southern Financial Group
Provider: Nestlé Global Type: Link Title: Nestlé agrees to sell Gerber Life Insurance Co. to Western & Southern Financial Group Description: Nestlé today announced that it agreed to sell the Gerber Life Insurance Company (“Gerber Life”), to Western & Southern Financial Group for USD 1.55 billion in cash. Gerber Life is a highly recognized and trusted leader in the juvenile and family life insurance market, with statutory capital and surplus of approximately USD 285 million (as of June 30, 2018). The business had sales of USD 856 million in 2017. The deal allows Western & Southern Financial Group to market insurance products under the Gerber Life brand. The transaction does not include Nestlé’s Gerber Products business, a household brand in baby food and baby care, which Nestlé will continue to develop. Read the full press release
