Nestlé

A Dutch court has banned Nestlé from using the name 'Incredible Burger' for its plant-based products, as it is deemed too similar to American 'Impossible Foods'. The Swiss food giant has said it will comply with the verdict for the time being, but it will also launch an appeal.

The confinement due to the coronavirus in many countries led to first quarter growth for Nestlé, but Chinese sales fell and recent divestments by the food giant also had a negative impact.

Coffee brand Douwe Egberts is no longer available in many Colruyt and OKay branches, as price negotiations between the two parties continue to drag on. In order to be able to live up to its lowest price guarantee, the retailer from Halle is trying to gain maximum benefit.

Swiss food group Nestlé is divesting its cold meat brand Herta: 60 % is sold to Spanish Casa Tarradellas, the rest will be placed in a joint venture Nestlé has founded with the with the Spanish company.

Food giant Nestlé has had a strong quarter, pushing sales 3.7 % higher in the first nine months of the year on an organic basis. The group will reward its shareholders by means of a substantial share buyback programme.

At the UN Climate Change Summit, nineteen FMCG multinationals have announced a coalition to protect the planet’s biodiversity. The companies, ranging from Danone to Kering, intend to work on regenerative agriculture and the fight against deforestation.

Illycaffè is looking to expand by opening more of its own coffee bars. To that end, the Italian coffee manufacturer is looking for a partner with retail experience. This could spell good news for Nestlé or Douwe Egberts, both of which have had their eye on their Italian competitor for some time.