Friday, 11 June 2021 12:30

Nestle's admission

Written by  Milking It

OPINION: It is the biggest dairy company in the world but Nestle is under pressure after admitting that more than 60% of its biggest selling products are not exactly healthy.

In an internal presentation for its top executives – seen and reported on by the Financial Times – the world’s largest food company said the majority of its popular products don’t meet “a recognised definition of health”.

The Times reported that the assessment applied to about half of Nestle’s overall portfolio – or about half of its near €85bn annual revenue.

Reports point to predictable areas like confectionery, ice cream and pizzas as the problems for Nestle, leading some analysts to suggest an overhaul of the group’s product portfolio and even an exit from mainstream confectionery.

More like this

Takeover rumours

Listed New Zealand company the a2 Milk Company - once a darling of the stock exchange - is the subject of takeover rumours.

Fake Milo

Still on things green. The world’s biggest dairy processor Nestle is launching plant-based versions of some of its most-loved global brands.

Get the marketers on board

It's time to bring primary industry marketers onto farms, says Han Johr, corporate head of agriculture at Nestle.

Nestle digs deeper in China

The world's largest dairy company, Nestle is spending $23 million to boost its ice cream business in China.

Auckland company in Nestle epigenetics research

AN AUCKLAND company will take part in a six-year programme by Nestle is to intensify its research in the field of epigenetics, the science of how eating behaviours and other environmental factors can affect genes, health and future generations.

National

What now?

Aged 64, Malcolm Bailey says farewell after a stellar career in the dairy industry but his knowledge, innovation and drive…

DCANZ chief bows out

Malcolm Bailey says one of the difficult things he's had to overcome in his tenure with DCANZ is getting traction…

Machinery & Products

Amazone's one-pass operation

Ag machinery maker Amazone has paired up its Precea precision air seeder and Combi-Disc 3000 compact disc harrow to deliver…

New grassland products

Grassland specialist Pöttinger has released a new portfolio of products and innovations for the new mowing season.

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Three Waters in trouble?

OPINION: Yet another sign has emerged that the Government's controversial Three Waters reform could be in trouble.

Doco maker wrong

OPINION: A documentary maker who wrongly claims in his film that cows in New Zealand live only one quarter of…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter