Nestle wants India to consult with companies when drafting rules for front-of-pack health labelling on food and drinks to ensure it is done "scientifically," its chief executive said, amid a public debate on the lack of such measures in the country.
Russian company asks Putin to place Nestle assets under temporary administration, Kommersant reports
A little-known Russian company has asked President Vladimir Putin to place the Russian assets of Swiss food group Nestle under temporary administration, the Kommersant newspaper reported on Monday, citing a source familiar with the matter.
Nestle is seeking to turn the rise of GLP-1 weight-loss drugs from a threat into a business opportunity, using artificial intelligence and nutritional science to develop products aimed at millions of consumers taking medicines such as Ozempic and Wegovy.
As shoppers increasingly scrutinise ingredient labels to avoid products perceived as heavily processed, Nestle , maker of Nescafe coffee and KitKat chocolate, has been lobbying U.S. authorities to allow simpler descriptions using common rather than scientific names on packaging.
Even when money is tight, Nestlé says it can rely on coffee drinkers' habits. The food and beverage giant released half-year earnings Thursday (July 23) showing a slight dip in sales, with coffee remaining a strong driver of organic growth.
The Swiss company is selling half of its water business, but restructuring costs weighed on its bottom line over the first half of 2026.
Nestle said on Thursday it expects to raise around €3 billion ($3.43 billion) from spinning off its water business into a 50-50 joint venture with U.S. investment firm Platinum Equity.