Hints and tips:
...The improvement was led by double-digit growth in its Purina PetCare range, infant nutrition and confectionery, with particularly strong sales of KitKat....
...Nestlé has been co-developing a container with an adjustable roof that can be lowered to just above the height of its contents. “[UK rail] is predominantly passenger centric,” Wright said....
...Both Nestlé and P&G gain credit from investors for their defensive qualities. They trade at about 22 times forward earnings, in line with their five-year average. But Nestlé may be a better choice....
...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....
...The hire, not just from outside the company but outside the consumer goods sector, was an “extraordinary decision”, said Nestlé shareholder Christopher Rossbach, of J Stern & Co....
...Now, Goudet is setting his sights on petcare, which he hopes will drive better returns. Since 2019, JAB has spent more than $11bn on the sector....
...The largest contributor to growth was the Purina petcare division, which surged 10.2 per cent, partly thanks to the rising popularity of Purina Pro Plan, which is marketed for pets with health conditions...
...That roughly 60 per cent sales increase eclipses rivals like Nestlé, Unilever or Mondelez....
...Nestlé, which owns the Purina pet food brand, says that, since allowing dogs into its UK headquarters in 2015, “the positive effects on our culture and the office atmosphere have been huge.”...
...Nestlé’s Purina brand last year launched dog food built around ingredients such as insect protein and fava beans, as well as meat....
...PayPal co-founder Peter Thiel invested in AppHarvest in 2020, according to Dealroom, for example....
...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....
...Nestlé’s Purina brand and Mars’ Royal Canin make them the dominant producers with about 45 per cent of the market....
...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....
...We’re not talking about its easy on the eyes co-working spaces decked out with comfy couches, dangling ivy plants, beer on tap and espresso machines....
...“Our vision is for a waste-free future where no Nestlé products end up as litter or in landfills.”...
...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....
...Stern & Co, whose clients include Nestlé shareholders....
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