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Why Nestle lost $2.1 billion on this peanut allergy cure

Mar 21, 2023
The Swiss grocery giant bought the maker of Palforzia as part of an effort to take Nestle into the profitable health and wellness space.
Nestle CEO Mark Schneider bought the maker of Palforzia, a peanut allergy cure, as part of a pivot toward the intersection of nutrition and pharmaceuticals.
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Nestle will ditch its U.S. candy business next year

Dec 21, 2017
If you’re a fan of Butterfinger or Crunch bar or Raisinets or any of the dozens of candies that Nestle makes, your sweet tooth may soon be beholden to a new owner. Swiss food giant Nestle is getting out of the U.S. candy business by the first quarter of next year, selling its confectionery holdings […]

Nestle Crunch bars may soon be a thing of the past

Jun 16, 2017
Nestle has announced it's looking for a buyer.
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After prank, Nestle donates 3,000 boxes of Hot Pockets to charity

Mar 3, 2017
It was a prank gone good. After a Craigslist prank falsely advertised 3,000 boxes of free Hot Pockets up for grabs, Nestle — the maker of the microwaveable snack — has said it would donate the advertised amount of boxes to Boston area food banks.   The ad, which appeared on Craigslist on Wednesday and […]
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U.S. Forest Service sued over a bottler's water permit

Oct 14, 2015
Nestle pays nearly nothing for the water it bottles as Arrowhead.

The surprising source of all that pumpkin pie

Nov 26, 2013
A lot of the canned pumpkins that go into a lot of Americans' pumpkin pie is branded with the red-and-white logo of Libby's.

Lean times bring slim pickings for diet food companies

Oct 10, 2013
Reports that Swiss food giant Nestle may be looking to sell off weight-loss company Jenny Craig have some pondering the future of diet food companies as online weight-loss apps proliferate and people balk at spending on specialty diet menus.

For public good, not for profit.

Nestle in talks to buy Pfizer's baby food business

Apr 18, 2012
Reuters reports Nestle is closing in on a deal to buy Pfizer's infant nutrition business for up to $10 billion. That's a lot of baby formula.

Nestle chairman says philanthropy misuses funds

May 7, 2010
Nestle SA Chairman Peter Brabeck-Letmathe isn't too keen on corporate philanthropy because it misuses shareholders' money....