The FINANCIAL — Nestlé Purina is launching pet food that builds on alternative proteins to make better use of the planet’s resources. The new line includes insects as well as plant protein from fava beans and millet. Purina Beyond Nature’s Protein will first
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The FINANCIAL — Nestlé announced that it has acquired Freshly, one of the leading fresh-prepared meal delivery services in the U.S.. The deal values Freshly at USD 950 million, with potential earnouts up to USD 550 million contingent to the successful growth of the business. This transaction was
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The FINANCIAL — The COVID-19 pandemic has had a huge impact on society and especially on young people. Youth unemployment is again on the rise. In the Middle East and North Africa for example, almost one out of three young people is
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The FINANCIAL — Nestlé Purina PetCare announced a USD 550 million investment to build a new factory in Ohio, United States, to meet increasing demand for its high-quality, nutritious pet foods. The Williamsburg Township location will join Purina’s network of 21 existing manufacturing locations
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The FINANCIAL — Nestle today reported nine-month sales for 2020. Organic growth reached 3.5%, with real internal growth (RIG) of 3.3% and pricing of 0.2%. Growth was supported by continued strong momentum in the Americas, Purina PetCare and Nestlé Health Science. Zone AOA reached 4.5% organic growth
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THE FINANCIAL — Nestlé announced today the successful completion of its acquisition of Aimmune Therapeutics, Inc. (Nasdaq: AIMT). Joining Nestlé Health Science (NHSc) as a stand-alone business unit called Aimmune Therapeutics, a Nestlé Health Science company, it will manage NHSc‘s global pharmaceutical business.
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The FINANCIAL — Société des Produits Nestlé S.A. (“Nestlé”) today announced the results of the tender offer by its wholly-owned subsidiary, SPN MergerSub, Inc. (“Purchaser”), to purchase all of the outstanding shares (“Shares”) of common stock of Aimmune Therapeutics, Inc. (Nasdaq: AIMT)
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The FINANCIAL — Nestlé today announced its support for the Net Zero Initiative, a new industry-wide effort that will help U.S. dairy farms of all sizes and geographies implement new technologies and adopt economically viable practices. The initiative is a critical component of
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The FINANCIAL — To kick-off the start of the festive season, Nestlé announced the highly anticipated lineup of Starbucks Holiday Coffees and Favorites products, available at home for the first time. Starbucks Holiday Coffees will begin to roll out on store shelves
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The FINANCIAL — Nestle agreed to buy Aimmune Therapeutics Inc. for $2.6 billion, adding a promising peanut allergy treatment to its portfolio of coffee, snacks and water. The Swiss owner of Nespresso will pay $34.50 a share for the U.S. biotech firm, almost
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