Food
Significant sales growth at food manufacturer Nestlé in the first half of the year is mainly due to strong performances on the large American market, to increasing sales in petcare and to the successful launch of Starbucks.
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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.
Food giant Nestlé has given up its resistance to the Nutri-Score and has promised to introduce it throughout Europe. For a long time, the Swiss company was against the French food label and even invented its own - controversial - alternative.
Meat alternatives are an as yet underdeveloped but very promising category: according to a new study, this segment could make up for ten precent of the worldwide meat market within ten years, meaning a turnover of 125 billion euros - ten times what it is today.
Nestlé will be launching vegetarian burgers that could pass for the real deal in order to compete with the popular Impossible and Beyond burgers. However, the agricultural committee of the European Parliament believes they should be called by a different name.
Cornflakes manufacturer Kellogg Company has reached an agreement on the sale of its biscuit department to Nutella producer Ferrero, as can be read on the website of the American company.
Large mainstream retailers can’t find an adequate answer to the power of hard discounters, multinationals see the value of their brands decrease: private label is causing a true revolution, says expert Koen de Jong of IPLC.
Swiss food giant Nestlé is looking to get rid of its German brand Herta. The latter's meat products are not future-proof, but the Swiss do want to retain the brand's plant-based division.
General
Big names such as Procter & Gamble, Unilever, Nestlé, Coca-Cola and Carrefour have started a trial project of collecting empty packaging at their consumers' homes for re-use. They want to reduce waste and create a circular working system.
With margins under pressure in the stagnating food market, Nestlé is investing heavily in healthy food. In Japan, the food multinational is even testing the possibilities of a diet plan based on genetic information.
According to the European Court of Justice, the shape of chocolate bar KitKat is not distinctive enough to warrant protection. It is the umpteenth statement in a dispute with competitor Leo that has been dragging on for 11 years. Nevertheless, the case is still not at an end.
There is no end to the consolidations in the coffee branch: both JAB (Jacobs Douwe Egberts) and Nestlé have expressed interest in Italian coffee maker Illycaffè, but it is not sure if the family owners want to sell.
Both Nestlé and Kraft Heinz have just announced new research and development investments. The major brand manufacturers are feeling the heat from innovative start-ups and want to speed up.
Food multinationals are not doing enough to make their products more healthy, according to Access to Nutrition Foundation. Nestlé, Unilever and Danone are top of the class.
Nestlé wants to lower its sugar, salt and fat levels to play into the global demand for healthier food.
Global brands are increasingly struggling to ward off smaller, local companies. Some even believe the brands’ golden age has passed. That may be presumptuous, but there are some noticeable trends.
