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OPINION: One of the world's largest ice cream makers, Nestlé, is going cold on the viability of making the dessert.
The conglomerate is in "advanced negotiations" to sell its remaining ice cream businesses to its joint venture partner, Froneri.
The division, which includes brands such as Häagen-Dazs and Drumstick, is valued at just shy of 1 billion Swiss Francs (US$1.3 billion). Nestlé plans to sell the brands to UK-based Froneri over the next year but remain in the joint venture.
Froneri is the second largest manufacturer of ice cream in Europe and the third largest worldwide, producing Cadbury, Oreo, KitKat, Movenpick Toblerone, Smarties, Magnum and Milo ice creams.
Froneri also owns Tip Top Ice Cream, for which it paid Fonterra $380 million in 2019.
A partnership between Canterbury milk processor Synlait and the world's largest food producer, Nestlé, has been celebrated with a visit to a North Canterbury farm by a group including senior staff from Synlait, the Ravensdown subsidiary EcoPond, and Nestlé's Switzerland head office.
OPINION: Media reports say global recalls tied to cereulide toxin contamination in milk-based nutrition brands could inflict combined financial losses exceeding $1 billion.
OPINION: At a time when dairy prices are at record highs, no one was expecting the world's second largest dairy player to slash jobs.
The ACT Party says media reports that global dairy giant Nestle has withdrawn from the Dairy Methane Action Alliance shows why New Zealand needs to rethink its approach to climate.
Global food company Nestle’s chair Paul Bulcke will step down at its next annual meeting in April 2026.
Associate Agriculture Minister Mark Patterson says his party – NZ First - isn’t opposed to the “trade element” of a free trade deal with India.
The managing director of a company seeking to build a solar farm in Canterbury says receiving fast-track approval is a “really positive outcome”.
Retiring MP and dairy farmer Mark Cameron is blasting the Green Party for proposing to ban the use of synthetic fertiliser and cutting cow numbers.
A huge reduction in ACC claims from on-farm accidents over the last five years is due to thousands of small, practical decisions being made in sheds, yards, paddocks and around kitchen tables across the country, says Safer Farms ambassador Lindy Nelson.
Wayne and Ange Moxham of Horowhenua have just been named as Fonterra's top organic performer for milksolids. As well as providing organic milk to Fonterra, the couple also sell Udderly Organic milk to more than 100 outlets in the region and are embarking on another exciting venture producing organic gelato. Reporter Peter Burke went along to see their farming operation.
Certainty and a clear understanding of the needs of rural communities is a critical outcome in the series of government reforms that are taking place at present.
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