Third Swiss factory for Nespresso

Third Swiss factory for Nespresso

Swiss coffee producer Nespresso has opened a third factory in its home country, in order to meet the growing American demand.

300 million Swiss francs

The new factory cost some 300 million Swiss francs (275 million euro), which has brought the total investment in production facilities since 2002 to 1.1 billion Swiss francs (1 billion euro). Its previous Nespresso facilities were built in 2002 and 2008.

 

Nestlé hopes this factory will help double the brand's turnover, particularly thanks to North American growth. Last year, Nespresso had a 300 million Swiss francs turnover (275 million euro) in North America, on a total turnover of 5 billion Swiss francs (4.6 billion euro).

 

Capsules and coffee pads represent nearly 40 % of the North American coffee market, but Keurig's Green Mountain Coffee dominates the premium market. Nestlé now hopes to break that dominance with a regionally-adjusted product range.

Questions or comments? Please feel free to contact the editors


Zalando's growth once again surpasses 20 %

10/08/2017

German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.

Gucci files lawsuit against Forever 21

09/08/2017

Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon. 

Ralph Lauren outperforms expectations

08/08/2017

Fashion label Ralph Lauren’s first quarter was a very good one, as it beat both analysts’ turnover and profit forecasts. It is quite a turnaround for a company that suffered a huge loss only a year ago.

Difficult first quarter for New Look

08/08/2017

British fashion chain New Look’s past quarter was disappointing with a 4 % turnover drop. Its adjusted EBITDA fared much worse, with a 35 % drop.

ING forced to pay Foot Locker compensation

07/08/2017

Dutch ING Bank will have to pay the Dutch and European Foot Locker branches 300,000 euro in damages. A court decided the fee after Foot Locker was scammed for 1.8 million euro in 2015.

Asics opens its largest store yet in London

04/08/2017

Sports brand Asics opened a new flagship store in London, which is also its largest store in the world. Located in Regent Street, the store will bring together its four labels for the first time ever.

Back to top