Nestlé to sell its confectionery business in the United States
Nestlé will explore strategic alternatives for its confectionery business in the United States – including its sale, the company said
Sale of the confectionery business in the United States is associated with the specifics of the company's strategy aimed at transition to a healthier diet.
Nestlé States that it remains fully committed to the development of its confectionery business. Global sales of this business in 2016 amounted to 8.8 billion Swiss francs. Popular local brands of the business – Butterfinger, BabyRuth, 100Grand, SkinnyCow, Raisinets, Chunky, OhHenry! and SnoCaps, best known for his international brand Crunch.
The USA is the key market Nestlé sales here in 2016 reached 26.7 billion francs. The company claims that its products can be found in 97% American households.
About the company:
Nestle is a Swiss company, the world's largest food manufacturer. Nestle specializiruetsya in the production of pet food, pharmaceuticals and cosmetics. The main office is located in the Swiss town of Vevey.
