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Showing results for Nestle Dreyer's Ice Cream Company
...Imagine that the new ice-cream company traded in line with the valuation at which Nestlé sold Häagen-Dazs in 2019, and lop the resulting €17bn (£14.5bn) off Unilever’s current £118bn of enterprise value....
...Nestlé’s increases were greatest in its milk products and ice cream and petcare divisions, at about 12 per cent....
...Nestlé on Wednesday upgraded its full-year sales guidance for the second time after the world’s largest foodmaker pushed up prices for products from pet food to ice cream....
...Nestlé is a Swiss processed food company, not a Danish chef concocting foraged salads....
...The Swiss food giant has not escaped the pandemic unscathed: shuttered restaurants and kiosks melted down sales of ice cream and other out-of-home offerings last year....
...— and 99 per cent of Nestlé’s confectionery and ice cream portfolio....
...The maker of KitKat, Maggi noodles and Häagen-Dazs ice cream has performed strongly during the pandemic as coronavirus curbs forced households to eat and drink at home, along with boosting pet ownership....
...It should come as no surprise that many of the product lines of a company that makes three meat croissant-crust pizzas, chocolate milk and ice creams cannot ever be made healthy....
...Mark Schneider, chief executive, has made a series of disposals since taking on his role in 2017, including Nestlé’s ice-cream and skin health divisions over the past year in pursuit of stronger growth....
...Another was Halo Top low-sugar and low-fat ice cream, which seized market share from brands like Ben & Jerry’s and Häagen-Dazs....
...That spared the company some of the pain felt by rival Unilever, the world’s largest ice cream maker, from consumers eating fewer cones outside the home during the pandemic....
...“The only emperor is the emperor of ice cream” wrote poet Wallace Stevens. Quite right too. The best ice cream is sublime. Sadly, frozen treats are fattening and tricky to transport....
...One person close to the deal said it raised questions about what Nestlé would do with the rest of its ice cream business: “Does this mean Nestlé is more or less likely to exit altogether?...
...This would involve shedding brands such as Hot Pockets, Dreyer’s ice cream and Stouffer’s frozen food, and shifting towards healthy trends such as organic baby food, natural pet food and flavoured sparkling...
...Danone’s new spending comes as major consumer goods companies such as Nestlé and Unilever try to wean themselves off of plastic packaging and cut their emissions....
...Loeb will be pleased with the ice cream sale but he’s yet to get Nestlé to sell its 23 per cent stake in the French cosmetics group L’Oréal. Things are already looking pretty for Nestlé shareholders....
...Its baby formula and ice-cream businesses give it a big presence in the high-emission dairy sector....
...To take one example, it failed to spot the opportunity for low-calorie ice cream. Innovative start-up Halo Top grabbed nearly 4 per cent of the US market in under six years....
...Unilever reported zero first-quarter sales growth as the pandemic began: higher demand for products such as Domestos bleach was cancelled out by a slump in areas such as food service and ice cream....
...Unilever’s new chief Alan Jope admitted on Thursday that its food business, which includes Ben & Jerry’s ice cream, Knorr soups, Lipton teas, and Hellmann’s mayonnaise, needed modernising....
...1) Unilever has outperformed Staples YTD but its outsized exposures to Ice Cream, Food Solutions and Emerging Markets could drive flat to negative LFL sales this year despite its positive exposures to Hygiene...
...Third Point has in the past urged Nestlé to speed up disposals to offload products like pizza and ice cream that do not fit in with contemporary wellness and healthy eating trends....
...The poster child for the new reality is HaloTop Ice Cream, which used savvy Instagram marketing and a health-conscious pitch to become the sixth-most popular ice cream brand in the US in barely three years...
...Palm oil is used in a wide range of products, from ice cream to soap and cosmetics....
...Danone, Tyson Foods of the US and Unilever, the Magnum ice-cream and Lipton tea producer, all grew faster, but mainly driven by price rises....
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