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...The improvement was led by double-digit growth in its Purina PetCare range, infant nutrition and confectionery, with particularly strong sales of KitKat....
...Branded pet food is a highly consolidated industry dominated by Mars Petcare, Nestlé-owned Purina and Colgate-Palmolive, whose Hill’s brand focuses on products for specialist diets....
...In Europe, Nestlé, which owns the Purina brand, said petcare was the biggest contributor to organic growth during the first half. Pooches and kitties do not need new toys....
..., petcare and medical nutrition....
...Nestlé, the world’s largest food company, posted its highest sales growth in five years on Thursday as the pandemic prompted consumers to spend more on petcare and dietary supplements....
...At Nestlé, the Purina petcare division has been the largest contributor to its growth this year....
...Switzerland-based Nestlé is already a major player in pet food thanks to its Purina Petcare subsidiary, which it acquired in 2001....
...The largest contributions to the rising sales were the company’s Purina PetCare, coffee and infant nutrition product lines....
...Nestlé reported a boost to first-quarter growth from higher purchasing of its Purina petcare range, coffee and frozen food....
...Calum Macrae, Nestlé Purina PetCare’s UK and Ireland director, said: “We certainly recognise the pet landscape is changing, often following human food trends....
...Its US business had returned to growth — driven by improvements in the petcare business, especially for “natural” products and those sold online, Nestlé said....
...The growth has lured Nestlé, the Swiss consumer goods group, into the market, announcing last month it would sell its Purina products there under the brand name of Supercoat....
...The deal will enable Mars to expand its business in veterinary care and beyond pet food and products, where it lags behind Nestlé’s Purina brand....
...In other sectors, Nestlé has opted for large-scale acquisitions — expanding in pet foods at the start of the century, for instance, by buying the Purina petcare business for $10.3bn....
...Nestlé Purina’s Just Right range lets owners customise recipes, then delivers them with their dog’s name and photo on the bag....
...The Swiss multinational, whose brands include Felix and Purina, held a 48 per cent market share in the US in 2011. Petcare accounted for 15 per cent of group operating profits in 2013....
...Men like Warren Buffett at Berkshire Hathaway, John Malone at TCI and Bill Stiritz at Ralston Purina....
...On the west bankof the Mississippi river, St Louis is home to big US companies such as Enterprise Rent-A-Car, Ralston Purina and Anheuser-Busch....
...The appetite for such ventures was underlined on Wednesday when traditional pet food company Nestlé Purina PetCare announced it would acquire its first website – Petfinder.com, a pet adoption network....
...“It’s one of the hidden jewels in Nestlé,” Ms Khoo says of the Swiss-based group’s Purina petcare business, acquired in late 2001 for $10.3bn....
...Nestlé, the world’s biggest food company by sales, is seeking to offset consumer thrift by targeting two of the fastest-growing markets: obesity and pets....
...Last year, Nestle garnered margins of 16.3 per cent on earnings before interest and tax on Purina, its pets business, almost 2 percentage points higher than overall margins....
...Purina PetCare, the maker of Felix cat food, as well as Winalot and Bonio dog food....
...Stronger performers in this market were the prepared foods arm, and the recently acquired Purina Petcare and Dreyer’s Grand Ice Cream group....
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