Nestle

Shoppers looking for price breaks on basics may have to wait. Consumers remained willing to pay more for burgers, soda, diapers and other everyday items in the beginning of the year, lifting sales of companies including McDonald ’s Corp., PepsiCo Inc., and Kimberly-Clark Corp. even as some executives warn that shoppers may be losing their appetite for price hikes.  Shoppers looking for price breaks on basics may have to wait. Consumers remained willing to pay more for…

Last year, Elon Musk changed Twitter’s verified program from a quasi-signal that a user is notable to a pay-for-checkmark $8 free-for-all. Immediately, trolls and comedians seized on the opportunity, making verified fake accounts for politicians, reminding people of Chiquita Banana’s involvement in genocide, and arranging a pretend, but disgusting, conversation between Ben Shapiro and Ted Cruz.The most significant fallout, though, came with a tweet from a user pretending to be drug manufacturer Eli Lily. After the user…

Nestlé SA promised it will work to boost the nutritional value of its snacks, drinks and food products, after most of its portfolio was rated as unhealthy. Less than half of Nestlé’s main food-and-drink portfolio is considered healthy, according to the results of an international nutrient profiling system that the Swiss food company published for the first time. Nestlé started using it last year with the aim of boosting transparency about the nutritional value of its products.…

An Air Fryer for sale at Kroger Marketplace in Versailles, Kentucky, U.S., on Tuesday, Nov. 24, 2020.Scotty Perry | Bloomberg | Getty ImagesKettle Foods, known for its kettle-cooked potato chips, recently unveiled what it called "the future of the potato chip category": air-fried chips.The Campbell Soup brand's snack launch, made with patent-pending technology, is the latest example of Big Food betting on consumers' love of all things cooked in air fryers.In 2022, U.S. consumers spent nearly $1 billion buying air fryers,…

Swiss food giant is the latest foreign company to exit the Southeast Asian country after 2021 military coup that has caused political and economic instability in the country. Myanmar's economy has been battered by the fallout of the 2021 coup, with more than a million people losing their jobs.…

Vitamin and supplement maker, The Bountiful Company (owned by Nestlé), has to pay a $600,000 fine to the Federal Trade Commission for allegedly misrepresenting numerous products online. According to the FTC, Bountiful—which makes Nature’s Bounty supplements along with other brands—engaged in “review hijacking” on Amazon.com. In other words: The company misled consumers by combining multiple product pages into one, to artificially boost the number of reviews and star ratings on new or poorly performing items.“The case…

Nestlé SA reported a fall in sales volumes for the fourth quarter as the maker of Nescafé coffee and Purina pet food raised prices to offset soaring costs and halted sales of some less popular products. The Swiss packaged-foods giant said Thursday that sales volumes fell 2.6% in the last three months of 2022, with prices rising by an average of 10.1%. Organic growth for the quarter was 7.5%, below analysts’ expectations. Companies across the consumer-products industry are…

Cash rules everything around mePhoto: Tapati Rinchumrus (Shutterstock)You hear about class-action lawsuits all the time, like this one filed against Apple (based on a Gizmodo story!), or this other one against Apple (or this one or this one). Part of the reason is they’re so lucrative for lawyers; a “class” is a group of people who have the same grievance against a company, which means there’s a lot of money involved if the company loses or settles. But when there’s money on the table, it’s not guaranteed you’ll receive a…

Imported baby formula will be subject to tariffs again in the new year, after the expiration of exemptions implemented amid a nationwide shortage. Congress waived tariffs, which can be as high as 17.5%, to help families struggling to find formula after supply-chain problems and the closure of a crucial factory crimped supplies. A White House spokesman said the tariff waivers doubled the number of manufacturers selling baby formula in the U.S. Congress made the tariff waivers temporary as…

Indian startups have had a torrid 2022, and it shows. In our annual survey on the state of homegrown startups, which took place during a crippling funding winter this year, 87% of respondents said they would not shy away from shutting down unviable businesses and restructuring their organisations. That’s a sea change from 2021, when ‘growth at any cost’ was the prevailing mantra.Also in this letter:■ Who's in, who's out? Revisit the top-level movements this year■ Platforms, experts wary of BIS guidelines for online…