Nestle, the maker of Quality Street, and Mondelez, the owner of Cadbury, are experiencing increased sales of confectionery in the United Kingdom this holiday season. Cash-strapped shoppers, looking for more affordable gifts, are turning to chocolate instead of expensive toys and gadgets, Reuters reported Monday (Dec. 11). Despite price rises,...
Food and beverage giant Nestlé invested $100 million in food delivery startup Wonder. The capital comes with a partnership that aims to combine Nestlé’s expertise in food production with Wonder’s advanced kitchen equipment services, CNBC reported Tuesday (Nov. 7). The companies plan to sell the...
With consumers’ grocery budgets continuing to be pressured, Nestlé is seeing the post-vaccine boost finally taper off, years after the initial rollout. The global food giant shared on a call with analysts Thursday (Oct. 19) accompanying the release of its third-quarter financial results that it...
You wake up on a lazy Saturday morning, and instead of rushing out the door to your favorite coffee shop, you simply stroll into your kitchen. With a bag of coffee beans on hand, you can easily brew your favorite cup of Joe, all while...
February 08, 2023
Smaller grocers are again caught between consumers and prices as major brands pass on their commodities costs. Shoppers globally are expected to pay even more for branded food items in the coming year as packaged goods production expenses remain high, Reuters reported Wednesday (Feb. 8). Manufacturers, in turn, are projected to increase item prices until […]
September 09, 2022
With hybrid work options now an expectation for many employees, businesses are looking for better ways to incentivize on-site work — or soften the blow when going back to the...
April 27, 2021
Subscription boxes thrive when the product can become an essential part of consumers’ daily, weekly or monthly routines. No surprise then, given how many people start every day with a...
December 11, 2023
Nestle, the maker of Quality Street, and Mondelez, the owner of Cadbury, are experiencing increased sales of confectionery in the United Kingdom this holiday season. Cash-strapped shoppers, looking for more affordable gifts, are turning to chocolate instead of expensive toys and gadgets, Reuters reported Monday (Dec. 11). Despite price rises, chocolate remains relatively inexpensive compared to other gift options, according […]
November 07, 2023
Food and beverage giant Nestlé invested $100 million in food delivery startup Wonder. The capital comes with a partnership that aims to combine Nestlé’s expertise in food production with Wonder’s...
April 08, 2022
Today in the connected economy, Nigeria’s OmniBiz inks deals with brands like Nestle, Kellogs and Coke to help them track and improve their sales in the African country. Also, payments...
October 30, 2020
Nestlé has purchased Freshly in a deal that values the meal delivery platform at $950 million, with possible earnouts of as much as $550 million pursuant to the successful expansion...
