Nestlé and Starbucks close deal for the perpetual global license of Starbucks Consumer Packaged Goods and Foodservice products
Provider: Nestlé Global Type: Link Title: Nestlé and Starbucks close deal for the perpetual global license of Starbucks Consumer Packaged Goods and Foodservice products Description: Nestlé and Starbucks Corporation today announced the closing of the deal granting Nestlé the perpetual rights to market Starbucks Consumer Packaged Goods and Foodservice products globally, outside of the company’s coffee shops. Through the alliance, the two companies will work closely together on the existing Starbucks range of roast and ground coffee, whole beans as well as instant and portioned coffee. The alliance will also capitalize on the experience and capabilities of both companies to work on innovation with the goal of enhancing its product offerings for coffee lovers globally. "This partnership demonstrates our growth agenda in action, giving Nestlé an unparalleled position in the coffee business with a full suite of innovative brands. With Starbucks, Nescafé and Nespresso we bring together the world’s most iconic coffee brands," said Mark Schneider, Nestlé CEO. Read the full press release
Provider: Nestlé Global Type: Link Title: Nestlé reports half-year results for 2018 Description: Mark Schneider, Nestlé CEO said:"Our first half results confirmed that our strategic initiatives and rigorous execution are clearly paying off. Nestlé has maintained the encouraging organic revenue growth momentum we saw at the beginning of the year. In particular, the United States and China markets showed a meaningful improvement. We were also pleased by the enhanced organic growth in our core infant nutrition category. Our margin development is fully consistent with our 2020 target. We are creating value by pursuing growth and profitability in a balanced manner. In line with this approach, we have accelerated our product innovation efforts to drive future growth and initiated significant cost reduction efforts, in particular in Zone EMENA and at our Corporate Center. As we look towards the second half of 2018, we expect further improvement in our organic revenue growth. Margin improvement is expected to accelerate with further benefits from our efficiency programs and more favorable commodity pricing." Read the press release. Follow the investor call audio webcast hosted by Mark Schneider, Nestlé Chief Executive Officer, and François-Xavier Roger, Nestlé Chief Financial Officer live at 14:00 CEST.
Provider: Nestlé Global Type: Link Title: RSPO reinstates Nestlé’s membership Description: The Roundtable on Sustainable Palm Oil (RSPO) today reinstated Nestlé S.A.’s membership following the submission of its time-bound action plan to achieve 100% RSPO certified sustainable palm oil by 2023. Effective Monday, July 16, 2018, Nestlé's certificates and membership status will be reinstated. RSPO and Nestlé share the vision of transforming the palm oil industry for a sustainable future. They also believe that achieving this requires the entire industry to work towards greater transparency, inclusiveness, direct supply chain engagement and capacity building throughout the supply chain. Benjamin Ware, Nestlé’s Global Head of Responsible Sourcing, said, "Transparency in our supply chain has always been a priority. Nestlé has always been committed to implementing responsible sourcing and has made significant progress towards our commitment to using fully responsibly sourced palm oil. Nestlé supports RSPO's role in driving industry wide change and appreciates its decision following the submission of our action plan, which focuses on increasing traceability primarily through segregated RSPO palm oil. This builds on Nestlé’s ongoing activities to achieve a traceable and responsibly sourced palm oil supply chain." Read the full press release
Provider: Nestlé Global Type: Link Title: Nestlé Outlines Value Creation Progress Description: Nestlé’s Board of Directors and management team are implementing an accelerated long-term value creation strategy for one of the world’s leading global consumer goods companies. Through swift and decisive action, the company’s Board and management are delivering results. Read the full press release
Provider: Nestlé Global Type: Link Title: Changes in the Executive Board of Nestlé Description: Peter Vogt, Head of Group Human Resources and Member of the Group Executive Board, will take a well-deserved retirement at the end of July 2018 after a long and distinguished career of 38 years at Nestlé. The Board of Directors of Nestlé S.A. has appointed Chris Johnson, currently Head of Nestlé Business Excellence and Member of the Group Executive Board, to succeed Peter Vogt as Head of Group Human Resources. Effective August 1, 2018, Chris Johnson will assume his new responsibilities in addition to his current ones, as Head of Group Human Resources & Business Services. Read the full press release
