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☆ Baby food labels will reveal levels of lead and other heavy metals for first time
▼ + stars: | 2025-01-04 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +10 min

As of January 1, baby food manufacturers must provide those test results to the public on their websites. Anyone can access those results by scanning a QR code on the baby food label with their smartphones. History of heavy metals in baby foodOver the last decade, investigations by consumer advocacy groups and a congressional subcommittee have discovered alarming levels of heavy metals in supermarket baby foods. The combined investigations led to the introduction of the Baby Food Safety Act of 2024, which is still stuck in committee. “One baby food company will have the highest levels, and another will have the lowest levels.

Persons: Gerber, ”, Jaclyn Bowen, ” Bowen, Nick Mares, ” Mares, Smart, Scott Farber, ” Farber, Gerber.com, Chandra Kumar, ” Kumar, Jason Jacobs, ” Jacobs, Serenity Carr, ” Carr, “, Kait Stephens, we’ve, ” Stephens, Farber Organizations: CNN, Food, Light Labs, US Centers for Disease Control, World Health Organization, American Academy of Pediatrics, US Food and Drug Administration, FDA, Environmental, Nestlé SA, Nestlé Nutrition, European Union, Serenity, “ Brands Locations: United States, California, America, Austin , Texas, EU

☆ Beans and lentils rise to stardom in newly released dietary advisory report
▼ + stars: | 2024-12-12 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

No longer will beans will be infamous only for their fiber content — as in the children’s song “Beans, beans, the magical fruit, the more you eat, the more you toot” — they’ll also be known for their role as a major source of protein. “The advisory committee’s bottom line is to eat more plants, balance calories, and don’t eat too much sodium, sugar, and saturated fat. The committee did not recommend action on ultraprocessed foods, leaving that issue up to the advisers for the 2030-2035 US Dietary Guidelines. Kennedy also wants to limit access to soda and ultraprocessed foods in school lunches and the Supplemental Nutrition Assistance Program, or SNAP. “The agencies could decide to advise reducing intake of ultra-processed foods,” Nestle said.

Persons: CNN —, they’ll, ”, Christopher Gardner, “, ” Gardner, David Katz, ” Katz, Marion Nestle, Paulette Goddard, Gardner, Katz, Deirdre Tobias, ” Tobias, Trump, Nestle, Robert F, Kennedy Jr, Donald Trump’s, Kennedy, ” Nestle Organizations: CNN, Advisory, Stanford Prevention Research, Nutrition Studies Research, True Health Initiative, Center for Biological Diversity, Loma Linda University, Nutrition, Food Studies, Public Health, New York University, Brigham, Women’s Hospital, Harvard Medical School, “, US Department of Agriculture, US Department of Health, Human Services, Assistance, SNAP Locations: California, Paris, White, Boston

She reported eating an Egg McMuffin, fries and a Quarter Pounder from McDonald’s. Those health officials, Wise said, gave the first crucial clue. That information was gleaned from interviews that state and local health officials in Colorado did with patients. As the CDC was working with state health officials and sending out questionnaires, it was simultaneously working with McDonald’s. On Oct. 28, health officials ruled out the beef patties served on the Quarter Pounders as a potential source of the E. coli.

Persons: ”, McDonald’s, ” Ben Chapman, “, Matt Wise, Wise, Marion Nestle, “ It’s, ” Wise, patties, ” Nestle, Rachel Molatore, Nestle Organizations: Centers for Disease Control, McDonald’s, NBC News, CDC, NBC, FDA, North Carolina State University, Prevention, New York University, “ Locations: Wisconsin, Colorado, McDonald’s, Utah, Taylor

☆ Nestle and Keurig are going all in on customers making iced coffee at home
▼ + stars: | 2024-11-25 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

New York CNN —Iced coffee just isn’t the same when you make it at home. This year, Keurig Dr Pepper launched a machine that is dedicated to iced coffee, advertising a drink “as cold as the coffee shops” in three minutes or less for $199. But there’s science behind why iced coffee is so much better at coffee shops, and current single-serve espresso machine innovations don’t meet that quality despite their marketing. And iced coffee mania comes at a time when coffee production is at risk of surging prices as factors like climate change could slash the global supply. Almost a quarter of Americans enjoy their coffee cold, according to this fall’s National Coffee Data Trends report.

Persons: Keurig Dr Pepper, Nescafé, ” Christopher Hendon, ” David Rennie, Coffee, Jennifer Creevy, ” Creevy, ”, It’s, ” Rennie, Nestlé, “ It’s, Dr Pepper, they’re, CNN’s Erika Tulfo Organizations: New, New York CNN, Nestle, ”, University of Oregon, CNN, International Coffee Organization, United Nations, Nestlé Coffee, National Coffee Association Locations: New York, Australia, China, Americano

☆ Inside the push for dietary guidance on ultraprocessed foods — and why it’s failing right now
▼ + stars: | 2024-11-22 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +22 min

These additives, along with high levels of sugar, salt and fat, help create the overwhelming lure of ultraprocessed foods. Ultraprocessed foods are typically high in added sugars, fats and salt; low in dietary fiber; and full of chemical additives, such as artificial colors, flavors and stabilizers. “There’s a lot of debate about whether or not all ultraprocessed foods are bad for you,” Hall said. Reduce intake of ultraprocessed foods — it’s really that simple.”Unfortunately, advisory committees are instructed to make recommendations using only the strictest science, Nestle added. It takes two overflowing trays of a mix of minimal and ultraprocessed foods to match the same energy density as one trayful of ultraprocessed foods.

Persons: Sam Srisatta, Srisatta, ”, Kevin Hall, Bert Lahr, Oz, “, Jeff Greenberg, ” Hall, Marion Nestle, Paulette Goddard, Nestle, Hall, ” Nestle, “ It’s, It’s, LaMotte, Walter Willett, ” Willett, Dr, Fatima Cody Stanford, ’ ” Stanford, Deirdre Tobias, ” Tobias, Robert F, Kennedy Jr, Donald Trump’s, Kennedy, Bonnie Liebman, Liebman, they’ve, ” It’s, Kevin Hall’s, it’s, ” Srisatta, Sara Turner, ” Turner, Tera Fazzino, Fazzino, Sam Srisatta’s, won’t Organizations: CNN, Unit, National Institutes of Health Clinical, National Institute of Diabetes, Diseases, Cowardly, US Food and Drug Administration, Universal, FDA, Volunteers, Nutrition, Food Studies, Public Health, New York University, “, World Health Organization, US Department of Agriculture, US Department of Health, Human Services, Harvard, of Public Health, Disease Prevention, Health, Harvard Medical School, Massachusetts General Hospital, ‘, ’, Brigham, Women’s Hospital, Assistance, SNAP, Center for Science, NIH, University of Kansas Locations: Bethesda , Maryland, Bethesda, Japan, United States, Chan, Boston, Massachusetts

Kennedy holds a number of controversial views when it comes to public health, including anti-vaccine activism. Historically, Mande said, Congress has been reluctant to provide money to the agency’s food and nutrition program. “I think that is a striking comparison of how hard it is for consumers to make healthy choices, when the food industry is so powerful,” Politi said. Sen. Bernie Sanders, I-Vt, has called on more thorough reviews on food coming from abroad and recently compared the processed food industry to the tobacco industry. The Dietary Guidelines Advisory Committee is in the process of finalizing its scientific report, which will help inform the guidelines, Nestle said.

Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy, he’s, Mande, ”, Elisabetta Politi, “, ” Politi, I’m, Marion Nestle, it’s, Michelle Obama, Bernie Sanders, Robert Califf, Califf, might’ve, they’ll, “, Red, Nestle, Politi, “ They’ve, ” Nestle, Kennedy “ Organizations: Health, Human Services, and Drug Administration, FDA, Department of Agriculture, Harvard University, Duke Diet, Fitness Center, New York University, RFK, Trump, Department of Health, HHS, USDA Locations: Durham , North Carolina, California, Europe, U.S

☆ A diet high in fruits and vegetables may reduce your heart and kidney disease risk, study
▼ + stars: | 2024-08-06 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +6 min

“The study tested whether or not reducing the amount of acid in our diet reduces the kidney disease- and heart disease-related complications of high blood pressure,” he said. “We’ve known this for a long time but it’s good to have less kidney disease added to the benefits,” she said. Eating more fruits and veggies promotes heart and kidney health, especially in people with hypertension, a new study found. Medication intervention is still an important part of managing blood pressure, kidney disease and heart disease, Wesson said. “A largely, but not necessarily exclusively, plant-based diet is demonstrably associated with overall good health, reduced chronic disease prevalence — kidney disease too — and premature mortality,” Nestle said.

Persons: ”, Donald Wesson, “, Wesson, Marion Nestle, Paulette Goddard, Tanja Ivanova, Andrew Freeman, Freeman, Christopher Gardner, Gardner, Rather, ” Nestle Organizations: CNN, Dell Medical, University of Texas, of Nutrition, Food Studies, Public Health, New York University, Getty, American Heart Association, Jewish Health, Stanford, Stanford Prevention Research, Nutrition Studies Research Locations: Austin, Denver, California

☆ Nestle to launch Vital Pursuit frozen-food brand targeting GLP-1 users
▼ + stars: | 2024-05-21 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Nestle is launching a new frozen-food brand, Vital Pursuit, aimed at the growing market of consumers who are using GLP-1 drugs like Ozempic and Wegovy. In October, Walmart's U.S. CEO John Furner told Bloomberg that people who pick up GLP-1 drugs from its pharmacies are buying less food, typically with fewer calories. But Nestle sees an opportunity to cater to those consumers through Vital Pursuit. Vital Pursuit's packaging won't include mentions of GLP-1 medications, but Nestle said the company will more directly connect the brand to the drugs on social media. The food company expects that its global growth will slow this year as inflation-weary consumers buy less of its products.

Persons: Oprah Winfrey, Elon, Morgan Stanley, John Furner, Nestle, Steve Presley, Laffy, Ferrero, Presley Organizations: Nestle, Walmart's U.S, Bloomberg, Vital, North, CNBC, Toll, Lean, Swiss Locations: U.S, GLP

☆ Ozempic users will soon get their own heat-and-eat meals
▼ + stars: | 2024-05-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Read previewFrozen meals are one of the latest ways that big consumer brands are trying to cater to users of weight loss drugs like Ozempic and Wegovy. The lineup is designed for GLP-1 weight loss medication users and will include items like sandwich melts and grain bowls with chicken. Related storiesThe meals are "portion-aligned to a weight loss medication user's appetite" and contain high amounts of fiber, protein, and essential nutrients, Nestlé said. Vital Pursuit shows how the food industry is adapting to the rise of GLP-1 drugs. That price would undercut other forms of the weight loss drug.

Persons: —, Nestlé, They're, Steve Presley, Sean Connolly Organizations: Service, Business, North, American Pharmacists Association, Vital, Costco Locations: Nestlé

☆ We're in the era of heat pumps — a market that experts say is 'set to skyrocket'
▼ + stars: | 2024-05-21 | by ( Pia Singh | ) www.cnbc.com time to read: +10 min

This old technology getting some fresh attention is a trend investors may not want to miss: Heat pumps. Heat pumps provide both air conditioning and heat — all in one device. Heat pumps could play a viable role in this regard," Muhedini said in a research note last week. The DOE also runs a Residential Cold Climate Heat Pump Technology Challenge , which is partnered with Trane, Carrier, and Johnson Controls, among other leading heat pump makers. In the chemicals sector, companies that produce more eco-friendly refrigerants for heat pumps could one day reap the benefits of recent legislation in the U.S. that will ban next year the production of heat pumps that use refrigerants with high levels of global warming potential.

Persons: hasn't, They're, William Thompson, Amantia, Muhedini, Thompson, Johnson, Jefferies, Stephen Volkmann, Trane, Andrew Kaplowitz, Deane Dray, Dray, Lennox, Owens, It's, they've, Nestle Organizations: UBS, McKinsey, Barclays, United Nations, UN, International Energy Agency, Johnson Controls, Carrier, Solutions, Citi, Wednesday, U.S . Department, DOE, Trane, RBC Capital, Johnson, Companies, Rockwell Automation, Honeywell International, Arkema, Unilever Locations: industrials, U.S, Paris, Trane, Monday's, Spain, Switzerland

☆ Just how bad are ultraprocessed foods? Here are 5 things to know
▼ + stars: | 2024-05-13 | by ( Andrea Kane | ) edition.cnn.com time to read: +8 min

NOVA separates foods into four groups, starting with natural and minimally processed foods in the first category to ultraprocessed foods, which use industrial formulations and manufacturing techniques, in the fourth. Here are five things to know about ultraprocessed foods:Ultraprocessed foods are linked to bad health outcomesEating a lot of ultraprocessed foods isn’t healthy. We have one.”Ultraprocessed foods cause weight gainThat one randomized, controlled clinical trial showed that ultraprocessed foods actually caused people to gain weight. So, all those factors probably play a huge role in … the foods that we choose to eat in the real world.”Not all ultraprocessed foods are badSome ultraprocessed foods can provide important nutrients, such as whole wheat bread and yogurt. “Which goes to show that not all ultraprocessed foods necessarily drive this effect.”Hall’s team is conducting a new study to tease out which ultraprocessed foods are harmful and which are neutral, or even healthy.

Persons: Marion Nestle, Meg Tirrell, Paulette Goddard, Nestle, ”, ” Nestle, Kevin Hall, ” Hall, Tirrell, shouldn’t, you’re, we’re Organizations: CNN, University of São Paulo, NOVA, Nestle, New York University, National Institute of Diabetes, National Institutes of Health Clinical, ”, National Health, US Department of Agriculture, US Food and Drug Administration Locations: Brazil, Bethesda , Maryland

☆ How Nestlé is changing in an older and Ozempic-obsessed world
▼ + stars: | 2024-02-22 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —In 1867, pharmacist Henri Nestlé combined dried cow’s milk with cereals and sugar to create a safe, easily digestible breast-milk substitute. Less infant formulaThe company also plans to use its expertise in nutrition to develop products that serve the growing numbers of older consumers. Nutrition for older consumers“Clearly, across the world in most major markets, the elderly and older population is growing. On current trends, that number is expected to increase to more than 4 billion by 2035, according to the World Obesity Federation. In September, Nestlé announced plans to increase sales of more nutritious products by 20-25 billion francs ($22.8-$28.5 billion) by 2030.

Persons: Henri Nestlé, Wegovy, Mark Schneider, ” Schneider, Schneider, Nestlé, we’re Organizations: London CNN —, United Nations, Schneider, Nutrition, Omega, World Obesity Locations: Swiss, Ireland, Wegovy

☆ You may be eating predigested food. Here’s why
▼ + stars: | 2024-02-01 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +11 min

Aleksandr Zubkov/Moment RF/Getty ImagesBypassing the digestive systemMuch like the regurgitated food mother birds feed their babies in the nest, ultraprocessed food is quick and easy to digest, according to experts. “So the question is, which degree of processing remains compatible with human food system sustainability and global health? Some food processing may be goodHumans have processed food for centuries — the first evidence of fermentation was some 13,000 years ago. Alexander Donin/iStockphoto/Getty ImagesThe ingredients used in many ultraprocessed foods, however, have been subjected to much more than a bit of heat. “The other way I put it is that individuals who are trying to control their weight in today’s food environment are fighting an entire food system on their own.

Persons: starchy, “, ”, Chris van Tulleken, van Tulleken, Aleksandr Zubkov, that’s, didn’t, David Katz, ” Katz, we’ve, ’ you’ve, it’s, Kevin Hall, Hall, ” Hall, Giulia Menichetti, Menichetti, Anthony Fardet, Fardet, ” Fardet, Alexander Donin, Marion Nestle, Paulette Goddard, ” Nestle Organizations: CNN, Industry, University College London, BBC, Getty, True Health Initiative, National Institute of Diabetes, Diseases, Harvard Medical School, Brigham, Women’s Hospital, Network Science Institute, Northeastern University, French National Institute for Agricultural Research, New York University Locations: Europe, United States, Bethesda , Maryland, Boston, Paris

☆ Branding’s corporate titans face moment of truth
▼ + stars: | 2023-11-22 | by ( Aimee Donnellan | ) www.reuters.com time to read: +8 min

Now for the first time this century, sales volumes at the big consumer goods manufacturers are falling. In the first nine months of the year, Kraft Heinz said the quantity of its sold items declined by nearly 6 percentage points year-on-year. That’s likely to allow Nestlé, Kraft Heinz and Unilever to see flat or modest increases in 2023 sales, LSEG data shows. Earlier this year, outgoing Kraft Heinz Chief Executive Miguel Patricio said the company lost market share to a branded competitor that spent more. Unilever, Nestlé and Kraft Heinz have all pointed to a slowing of price growth in the coming year.

Persons: Kraft Heinz, Nestlé, ’, Xavier Roger, Kraft, what’s, John Furner, Miguel Patricio, Mars, ”, François, EY, George Hay, Streisand Neto, Thomas Shum Organizations: Reuters, Consumer, Kraft, Unilever, Danone, ’, United Nations, Reuters Graphics Reuters, Nestlé, Kraft Heinz, Target, Reuters Graphics, Obesity, Mondelez, Walmart, “, Thomson Locations: U.S, Europe, Australia, Norway, Chocolat, London

☆ Turkish parliament dumps Coke, Nestle from menus over alleged Israel support
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +3 min

Turkish President Tayyip Erdogan greets lawmakers of his AK Party in the Turkish parliament in Ankara, Turkey, October 25, 2023. "The products of companies that support Israel will not be sold in restaurants, cafeterias and tea houses in the parliament campus," Turkey's Grand National Assembly said, without identifying the companies. Neither the parliament statement nor the source specified how Coca-Cola and Nestle supported Israel's war effort. Over the past month, Turkish President Tayyip Erdogan and his government have sharply criticised Israel's assault on Gaza and Western support for Jerusalem. Israel has bombarded Gaza since a Hamas raid on southern Israel a month ago, when its fighters killed 1,400 people and seized 240 hostages.

Persons: Tayyip Erdogan, Murat Cetinmuhurdar, Numan Kurtulmus, Nestle, Israel, Huseyin Hayatsever, Daren Butler, Alex Richardson, Jonathan Spicer Organizations: AK Party, REUTERS, Rights, Nestle, Israel, National Assembly, Cola, Palestinian, Hamas, stevedores, Ece, Thomson Locations: Turkish, Ankara, Turkey, Handout, Rights ANKARA, Gaza, Israel, Barcelona, Jerusalem

☆ Consumer Reports finds more lead, cadmium in chocolate, urges change at Hershey
▼ + stars: | 2023-10-25 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

Hershey's chocolates are pictured for sale on a store shelf in the Manhattan borough of New York City, New York, U.S. July 19, 2017. The magazine said 16 of the 48 chocolate products from various makers that its scientists tested recently in seven categories - dark chocolate, milk chocolate, cocoa powder, chocolate chips, and mixes for brownies, chocolate cake and hot chocolate - contained potentially harmful levels of lead, cadmium or both. The Consumer Reports testing followed its findings last December that 23 of 28 tested dark chocolate bars contained excessive lead or cadmium, including Hershey products sold under its own brand and the Lily's and Scharffen Berger brands. The magazine is again petitioning Hershey to reduce heavy metals in its chocolate. Consumer Reports food policy director Brian Ronholm said Hershey, as a "leading and popular brand," should commit to eliminating "dangerous levels" of heavy metals from its chocolate products, making them safer for consumers.

Persons: Carlo Allegri, Joe's, Scharffen Berger, Hershey, Brian Ronholm, Steve Voskuil, Voskuil, Christopher Gindlesperger, Jonathan Stempel, Bill Berkrot Organizations: REUTERS, Rights, Hershey Co, Nestle, Starbucks, YORK, Hershey, Consumer, Walmart, Target, National Confectioners Association, Thomson Locations: Manhattan, New York City , New York, U.S, New York

☆ Inside Poland Spring’s Hidden Attack on Water Rules It Didn’t Like
▼ + stars: | 2023-10-24 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: +14 min

The BlueTriton bottling plant in Poland Spring, Maine, this month. Water Clashes NationwideBlueTriton finds itself pitted against local water boards, environmentalists and other groups across the country. Aquifers Water bottling facility BlueTriton facility Aquifers Water bottling facility BlueTriton facility Aquifers Water bottling facility BlueTriton facility Water bottling facility Aquifers BlueTriton facility Water bottling facility Aquifers BlueTriton facility Water bottling facility Aquifers BlueTriton facility Sources: U.S. Geological Survey; Continental U.S. aquifer map data from GebreEgziabher, Jasechko and Perrone, Nature Communications (2022) Mira Rojanasakul/The New York TimesIn California, BlueTriton has publicly criticized and vowed to fight a cease-and-desist order issued by the state’s water board to stop diverting millions of gallons of water from a spring in San Bernardino County. Poland Spring water was first packaged as a local elixir in the mid-1800s. The original Poland Spring water source.

Persons: BlueTriton, ”, Elizabeth M, Frazier, haven’t, Christopher Kessler, Bottlers, Ms, Frazier didn’t, Anthony Moffa, Mark Lawrence, Lawrence, Mira Rojanasakul, State Legislature’s, Margaret M, “, John Mullaney, Roger Crouse, Cheryl Dieter, Metropoulos, Nestlé, John McGowan, Natalie DiPentino, DiPentino, Poland Spring, BlueTriton’s Organizations: The New York Times, Times, Democratic, Energy, Utilities, Technology, Maine State House, ”, Industries, University of Maine School of Law ., Democrat, Water, . Geological Survey, Continental, Nature Communications, New York Times, State, Poland, U.S, Geological, Water Science, Industry, Maine Water Utilities Association, United States Geological Survey, Rock Capital Partners, Metropoulos, Moody’s Investors Service Locations: Maine, Poland, Poland Spring , Maine, South Portland, Michigan, Colorado, Augusta, In Colorado, Arkansas, United States, Continental U.S, GebreEgziabher, California, San Bernardino County, In Michigan, Lincoln, Lincoln , Maine, New York, BlueTriton’s Poland, Chaffee County , Colorado

Real internal growth (RIG) - or a measure of sales volumes - fell 0.6%, meeting expectations. "The ultimate catalyst for the stock's multiple to improve is going to be seeing that volume number going positive." Analysts had on average expected organic sales growth of 8.1%. Nestle confirmed its full-year outlook of organic sales growth between 7% and 8% and underlying trading operating profit margin between 17.0% and 17.5%. The drug's popularity has prompted concerns in the consumer and retail industry over whether food sales will be impacted.

Persons: Denis Balibouse, Nestle, Mark Schneider, Schneider, Richard Saldanha, Maggi, Novo, Richa Naidu, Christopher Cushing, Jason Neely Organizations: Nestle, REUTERS, Gillette, Aviva, Novo Nordisk's, Walmart, Thomson Locations: Romont, Switzerland, Ukraine

☆ Nestlé is closing an infant formula factory as China’s birth rate plunges
▼ + stars: | 2023-10-19 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Nestlé plans to close a plant in Ireland that makes baby formula, citing a sharp drop in China’s birth rate, in a fresh example of the far-reaching implications of China’s demographic crisis. The world’s largest food company said Wednesday that it would shut its Wyeth Nutrition infant formula factory in Askeaton, a town in Ireland, by the first quarter of 2026 unless a buyer could be found. The plant makes infant formula products exclusively for export to markets in Asia. “[Sales] growth was driven by pricing as we continued to navigate historic inflation levels,” CEO Mark Schneider said in a statement. Separately, Nestlé said it had temporarily shut a factory in Israel as a “precaution” but that the plant was now operating again.

Persons: London CNN —, ” Nestlé, Nestlé, Mark Schneider Organizations: London CNN Locations: Ireland, Askeaton, Asia, China, Switzerland, Israel

LONDON, Oct 19 (Reuters) - Nestle (NESN.S) said it has "temporarily shut down" of one of its production plants in Israel as a "precaution", becoming the first consumer products giant to announce a response to the conflict there. Several global companies have temporarily shut some operations in Israel and asked their employees to work from home after the country came under a surprise attack by Palestinian Islamist group Hamas earlier this month. I have no comment on the development of the business," Nestle Chief Executive Mark Schneider said on an earnings call with journalists. Other multinational packaged goods companies have so far remained silent on the conflict, even as retail, healthcare and oil companies have rushed to voice their positions. The silence follows criticism of the packaged goods industry for choosing to keep one foot in Russia while continuing to sell "essential" products such as diapers and infant formula there.

Persons: Mark Schneider, Richa Naidu, Christopher Cushing Organizations: Nestle, Palestinian, Hamas, Thomson Locations: Israel, Russia

☆ Nestle buys majority stake in Brazilian premium chocolate maker
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsZURICH, Sept 7 (Reuters) - Nestle (NESN.S) is buying a majority stake in Brazilian premium chocolate maker Grupo CRM, the Swiss food group said on Thursday. Grupo CRM operates a direct-to-consumer model, with more than 1,000 chocolate boutiques under the Kopenhagen and Brasil Cacau brands and a strong, growing online presence, Nestle said. The executive has been with the company for 25 years and has built up and significantly expanded Grupo CRM, which currently only operates in Brazil. In June, Brazilian competition regulator Cade approved Nestle's acquisition of Chocolates Garoto more than 20 years after it was first announced. Among the conditions for the approval, the company agreed not to make any acquisitions that account for at least 5% of the Brazilian chocolate market for five years.

Persons: Arnd, Nestle, Valor Economico, Renata Moraes Vichi, Laurent Freixe, Cade, John Revill, Friederike Heine, Janane Organizations: Nestle, REUTERS, Rights, Grupo CRM, Brasil, Advent International, Valor, Grupo, Thomson Locations: Konolfingen, Switzerland, Swiss, Brazil

☆ Nestle divests peanut allergy business Palforzia
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

Capsules of Palforzia are shown containing pharmaceutical grade peanut powder, for use in oral immunotherapy among patients with peanut allergies, manufactured by Aimmune Therapeutics, based in Brisbane, California, in this handout obtained by Reuters on February 5, 2020. Aimmune Therapeutics/Handout via REUTERS/File Photo Acquire Licensing RightsZURICH, Sept 4 (Reuters) - Nestle (NESN.S) has divested its peanut allergy treatment business Palforzia, the Swiss food company said on Monday, following its strategic review of the division. Nestle said it has offloaded Palforzia to Stallergenes Greer, a biopharmaceutical company which specializes in the diagnosis and treatment of allergies. Nestle will receive milestone payments and ongoing royalties from Stallergenes Greer, it said. Reporting by John Revill, Editing by Friederike HeineOur Standards: The Thomson Reuters Trust Principles.

Persons: Nestle, Stallergenes Greer, John Revill, Friederike Heine Our Organizations: Aimmune Therapeutics, Reuters, REUTERS, Rights, Nestle, Thomson Locations: Brisbane , California, Swiss

☆ Packing your kid's lunch will be more expensive this year. The price of bread alone has gone up 30% since 2020.
▼ + stars: | 2023-08-10 | by ( Dominick Reuter | Alex Bitter | ) www.businessinsider.com time to read: +3 min

Inflation is cooling, but food prices remain stubbornly high, led by typical school lunch supplies. Groceries like bread, ham, lettuce, condiments, apples, and juice cost up to 15% more than last year. The lunchbox price increases are even more striking when compared against 2020: Bread prices alone have risen nearly 30%. That has sent wheat prices higher, which in turn raises prices that consumers pay, economist Paul Krugman noted. At the same time, many reported increased profits, a sign that the higher prices weren't always about offsetting higher costs for inputs like ingredients and labor.

Persons: Paul Krugman, Nestle Organizations: Service, US Bureau of Labor Statistics Locations: Wall, Silicon, Ukraine

LONDON, July 27 (Reuters) - Nestle (NESN.S) improved its full-year organic sales outlook and reported better-than-expected first-half organic sales, as the world's biggest packaged food company again raised prices to cope with higher input costs. Nestle said it is narrowing its full-year organic sales growth guidance - which does not include the impact of currency movements and acquisitions - to a range of 7%-8% from a range of 6-8%. Real internal growth - or sales volumes - fell 0.8% versus expectations of a 0.6% decline. "We're still repairing our gross margin," he added. Reckitt reported sales volumes for the second quarter were down 4.3%, Unilever's quarterly volumes were down 0.3% and Danone's second-quarter volume/mix declined 2.3%.

Persons: Nestle, Mark Schneider, Schneider, Jean, Philippe Bertschy, Reckitt, Richa Naidu, Kim Coghill, Sharon Singleton Organizations: Nestle, Unilever, Thomson Locations: Swiss, Ukraine

Last week, for instance, Nigeria's central bank allowed the naira currency to drop as much as 36% on the official market. Nestle, which is replacing imported corn starch in Nigeria with cassava starch, told Reuters it has helped seven local suppliers to boost capacity to meet the company's supply needs. ONION POWDER AND TURMERICNestle said it was working to develop local suppliers of vegetables and spices used in Maggi products, for instance onion powder in Nigeria and Senegal, and turmeric powder in Nigeria. Nestle did not comment on whether its position in Nigeria would help insulate it from foreign exchange volatility, neither did it give an indication of the economic impact of the local sourcing. ($1 = 0.8967 Swiss francs)Reporting by Richa Naidu; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, Kat, Nestle, Richa Naidu, Emelia Sithole Organizations: Swiss, Nestle, REUTERS, LONDON, Reuters, Unilever, Thomson Locations: Bern, Konolfingen, Switzerland, Nigeria, Cameroon, Senegal, Swiss, Asia, East, Africa

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