The company is working to keep prices in check, as U.S. consumers fixate on affordability and buyers shift toward bulk or budget pack sizes, passing over middle formats.
EXCLUSIVE: The company's interest in the green, tea-based product comes amid volatility in coffee-bean prices and as it looks to tap younger customers.
Consumer giant Nestle SA 's long-time private equity partner PAI Partners has dropped out of bidding for its water business, which includes brands like Perrier, Bloomberg News reported on Monday.
Nestle will fully acquire the smart food brand yfood Labs from its founders, a statement said on Wednesday, the first acquisition for the world's largest packaged food company under new CEO Philipp Navratil, who took charge in September.
Nestle and Danone are facing fresh scrutiny over the handling of infant formula contamination after reports published on Tuesday by French, Belgian and Swiss public media questioned the speed of recalls of potentially harmful products.
Forty major food and agriculture groups, including Carlsberg , Diageo , Nestle and Mondelez , have signed a joint declaration to advance and scale regenerative agriculture, a non-profit network said on Tuesday.
The consumer goods giants that built empires on household staples are struggling to justify their valuations. At the time of writing, Nestlé has shed nearly a quarter of its market value over the past five years.