The Ethical Coffee Company today said that a French court had ordered Swiss food giant Nestle to pay it USD 680,000 in damages for criticising their coffee capsules.
Putting profit before an infant`s health, many baby food giants promote supplementary baby food, mislead mothers, undermine breastfeeding and natural foods, an NGO said Wednesday.
Nestle has become the latest victim of the widening horsemeat scandal after it detected horse DNA in beef pasta meals.
Swiss food giant Nestle bit off a big slice of the huge pizza market in North America on Tuesday, announcing the purchase of Kraft Foods` pizza business for 3.7 billion dollars (2.5 billion euros).
Nestle ruled itself out of a bid war over Cadbury and Kraft sweetened its $16.4 billion offer with a bigger cash portion, raising expectations the US food group will win its prize.
Switzerland`s Novartis plans to get full control of eye care group Alcon for a total $39.3 billion, to diversify away from prescription drugs, after agreeing to acquire a majority stake from Nestle.
FMCG firm Nestle on Monday said its
board of directors has approved the proposal to acquire the
nutrition business of Speciality Foods India and the deal
would be effective from January 1, 2010.
The world`s biggest food company Nestle could leave its homebase Switzerland if Bern imposes a cap on executives` salaries, the group`s chairman said in remarks published Sunday.
Nestle has posted a 33.8% rise in its net profit at Rs 162 crore in the quarter ended June 30, 2009, compared to the same period last year.
Day in Pics: 29th August
August 29, 2014
Famous Ganesh Pandals in Mumbai