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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The ACT Party says media reports that global dairy giant Nestle has withdrawn from the Dairy Methane Action Alliance shows why New Zealand needs to rethink its approach to climate.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.
New Zealand wool is reaching new heights as air filtration companies move away from synthetic products to biodegradable alternatives.
Opuha Dam's ability to protect South Canterbury communities from major flooding has taken a significant step forward, with Opuha Water Limited (OWL) successfully commissioning a new outlet valve capable of releasing record volumes of water from the dam ahead of a weather event.
There's been widespread support from the primary sector for the Government's announcement on changes to freshwater farm plans that come under the Natural Environment Bill, which is now set to replace the existing RMA.
A partnership between state-owned enterprise Pāmu (Landcorp Farming Limited) and charity Meet the Need is putting more than quality New Zealand beef into food bank parcels this year.
The Opportunity Party has faced criticism during the election campaign that its policies are too urban-focused and offer little for rural communities.
The chair of the country's environmental regulator, the Environmental Protection Authority (EPA), says changes are already under way to improve the performance of the agency to better meet the needs of those who interface with them.
