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Jan 27, 2020
doctor with patient


Nestlé today announced that it has entered into an asset purchase agreement with Allergan to acquire the gastrointestinal medication Zenpep. This move aims to expand the company's medical nutrition business and complement its portfolio of therapeutic products.

Zenpep, available in the United States, is a medication for people who cannot digest food properly because their pancreas does not provide enough enzymes to break down fat, protein, and carbohydrates. Zenpep's 2018 net sales were USD 237 million.

"Nestlé's acquisition of Zenpep is a strategic decision that will enhance our growing medical nutrition portfolio," said Greg Behar, CEO of Nestlé Health Science. "This is a significant opportunity for our business in the United States to add a complementary product to our existing range of nutrition products that support food ingestion, digestion and absorption. We have extensive experience in Zenpep's therapeutic areas of digestive diseases through our medical nutrition business and will leverage those capabilities as we grow this new business."

The deal is expected to be finalized concurrent with the merger of Allergan and AbbVie. Financial details of this acquisition are not being disclosed.

Nestlé will take ownership of Zenpep upon closing the transaction, with customary transition support from the seller.

Read the full press release

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Jan 24, 2020
plant-based meal

Nestlé today announced a collaboration with Burcon and Merit, two key players in the development and production of high-quality plant proteins. This partnership will enable Nestlé to further accelerate the development of nutritious and great-tasting plant-based meat and dairy alternatives with a favorable environmental footprint.

The partnership combines Nestlé’s expertise in the development, production and commercialization of plant-based foods and beverages with Burcon’s proprietary plant protein extraction and purification technology, while leveraging Merit’s state-of-the-art plant protein production capabilities.

"Developing nutritious and great-tasting plant-based meat and dairy alternatives requires access to tasty, nutritious and sustainable raw materials as well as proprietary manufacturing technology," says Stefan Palzer, Nestlé Chief Technology Officer. "The partnership with Burcon and Merit will give us access to unique expertise and a new range of high-quality ingredients for plant-based food and beverages."

Globally, Nestlé has around 300 R&D scientists, engineers and product developers located in 8 R&D centers that are dedicated to the research and development of plant-based products. To complement its internal capabilities, the company also strategically collaborates with researchers, suppliers, start-ups and various other innovation partners.

Nestlé’s plant-based product range includes pea, soy- and wheat-based burger patties, sausages, mince meat, chicken filets and various prepared dishes. The company also developed pea and oat-based dairy alternatives, almond-, coconut- and oat-based creamers, plant-based coffee mixes as well as a range of non-dairy ice creams. It also recently announced its plans to launch vegan alternatives to cheese and bacon, designed to complement its existing plant-based burger patties.

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Jan 22, 2020
young people

The Global Alliance for YOUth has announced today that 10 million young people have been supported since joining forces at the World Economic Forum in Davos 2019. The Alliance, a business-driven movement of 20 international private companies, is passionate about building a better future for younger generations. Working together, the Alliance helps young people around the globe get the necessary skills to thrive in the world of work, today and tomorrow.

The Global Alliance for YOUth will support 15 million young people by 2022, helping them build employability skills for the future: Digital, Soft Skills, STEM (Science, Technology, Engineering and Mathematics), Career Advice and Entrepreneurship. This commitment represents an increase from the ambition of 6 million opportunities announced last year.

Taking part at the World Economic Forum Annual Meeting in Davos, Laurent Freixe, Nestlé's CEO for Zone Americas, stressed the importance of working together to maximize impact: "With the Global Alliance for YOUth we are taking a fundamental step to mobilize society for youth employability. At Nestlé we are committed to this and therefore we have joined forces with our colleagues from the private sector to provide youth with the knowledge and skills needed for work in the 21st century."

The Global Alliance for YOUth is committed to developing a series of joint initiatives to give young people meaningful work experience. It will also mobilize employees to help youth prepare for work in the communities where they operate. To date, 20 multinational companies have joined the Alliance: The Adecco Group, BT, Cargill, CEMEX, Engie, EY, Facebook, Firmenich, Mastercard, Mercer, Microsoft, Nestlé, Nielsen, Publicis Groupe, SAP, Sodexo, Starbucks, Rockwell Automation, Vodafone and White & Case. The Alliance is proud to work with non-private sector partners such as the ILO and the World Bank through initiatives such as Decent Jobs for Youth and Solutions 4 Youth Employment.

Nestlé founded the regional Alliance for YOUth in Europe in 2014 with the purpose of helping prepare young people to enter the professional world. After its successful launch, the Alliance was expanded to the Pacific Alliance countries in 2017 (Chile, Colombia, Mexico and Peru) and the Mercosur countries in 2018 (Argentina, Brazil, Paraguay and Uruguay).

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Jan 21, 2020
2020 Bloomberg Gender Equality Index

Nestlé has today been recognized in the 2020 Bloomberg Gender Equality Index (GEI) for its transparency in gender reporting and advancing women's equality. This underscores Nestlé’s efforts to empower women across its value chain and to provide equal opportunities to all its employees.

The GEI reference index measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies and pro-women brand. Nestlé’s programs on diversity and inclusion continue to be industry-leading across the majority of these pillars.

"We are honored to be once again included in the Bloomberg Gender-Equality Index. It is a recognition of the bold steps we are taking towards advancing gender balance and making Nestlé an even more inclusive place to work. Recently, we launched a new Global Parental Support Policy, recognizing that parental roles are no longer solely defined along gender lines. The policy extends parental leave for primary caregivers from 14 weeks previously to 18 weeks fully paid, establishing a minimum of four weeks for secondary caregivers," said Béatrice Guillaume-Grabisch, Head of Group Human Resources at Nestlé.

Nestlé's new Global Parental Support Policy builds on the company's efforts to create a more inclusive workplace. Last year, Nestlé laid out an action plan to increase the number of women in senior executive positions globally by 2022.

Gender balance is a key component of Nestlé’s approach to diversity and inclusion. It is an integral part of Nestlé's culture.

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Jan 20, 2020
CDP

Nestlé has today been again commended for its climate action, achieving a place on global environmental impact non-profit CDP's prestigious ‘A List’ for climate change, based on the company’s climate reporting in 2019.

CDP's annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. The annual ‘A list’ names the world's businesses leading on environmental performance. Nestlé was recognized for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy. Nestlé is one of a small number of high-performing companies out of thousands that were scored.

Magdi Batato, Executive Vice President, Head of Operations at Nestlé, said: "Nestlé is pleased to be on the CDP climate 'A list' again this year. This pays tribute to our leadership in climate change, which is one of the biggest threats we face as a society and to the sustainability of our business. Last year, we announced that we will accelerate action to tackle climate change and committed to zero net emissions by 2050. We will continue to step up our efforts and we call on others to embark on this journey with us."

Nestlé's 2050 net zero ambition builds on the company’s decade-long efforts to reduce greenhouse gas emissions in its value chain. Plans to achieve this goal include restoring farmland and forests, increasing the use of renewable energy and reformulating products that have a better environmental footprint and contribute to a balanced diet.

As the company continues to step up its climate efforts, last week Nestlé announced it will invest up to CHF 2 billion to lead the shift from virgin plastics to food-grade recycled plastics and to accelerate the development of innovative sustainable packaging solutions.

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Jan 17, 2020
Incredible Sausage

Good news for barbecue fans who want to put some vegan treats on the grill this year: Nestlé is launching plant-based sausages in Europe and the United States that look, taste and cook like a sausage should.

In Europe, the soy-based Garden Gourmet Incredible Sausage will be available in Bratwurst and Chorizo styles. It will launch for retail starting in March in 11 European markets, including Austria, Belgium, Germany, the Netherlands, Norway, Sweden and Switzerland. Soon after, version for restaurants and food service will be available to out of home customers.

The United States will see the pea protein-based Sweet Earth Sausage arrive on shelves beginning in April in three varieties including Habanero Cheddar, Asian Ginger Scallion and Chik’n Apple. A version for food service will be available as well. The company will also launch a range of plant-based deli meats, which will be available in the U.S. both in retail (pre-packaged) cases and from the deli counter.

"After the huge success of our plant-based burgers and grounds, we’re now adding another favorite. These plant-based sausages really deliver on flavor and texture," said Wayne England, head of Nestlé's food business. "Their juiciness and firm bite means you can cook and enjoy them any way you like, including grilling, roasting or pan-frying."

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Jan 16, 2020
beach


Nestlé today announced that it will invest up to CHF 2 billion to lead the shift from virgin plastics to food-grade recycled plastics and to accelerate the development of innovative sustainable packaging solutions.

Building on its 2018 commitment to make 100% of its packaging recyclable or reusable by 2025, Nestlé will reduce its use of virgin plastics by one third in the same period whilst working with others to advance the circular economy and endeavor to clean up plastic waste from oceans, lakes and rivers.

Food quality and safety are paramount, and packaging plays a major role in assuring this. Most plastics are difficult to recycle for food packaging, leading to a limited supply of food-grade recycled plastics. To create a market, Nestlé is therefore committed to sourcing up to 2 million metric tons of food-grade recycled plastics and allocating more than CHF 1.5 billion to pay a premium for these materials between now and 2025. Nestlé will seek operational efficiencies to keep this initiative earnings neutral.

Packaging innovation, including new materials, refill systems and recycling solutions, is another key challenge on the path towards a waste-free future. In addition to its significant inhouse research through the Nestlé Institute of Packaging Sciences, the company will launch a CHF 250 million sustainable packaging venture fund to invest in start-up companies that focus on these areas.

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Jan 15, 2020
Starbucks products


Nestlé and Starbucks today unveiled a new range of Starbucks coffee products that will be available in grocery stores in the U.S. starting February 2020.

The new line-up includes Cold Brew concentrate, Fresh Brew coffee, as well as blends of Starbucks coffee with essential vitamins and golden turmeric – among others.

These new innovations strengthen Starbucks at-home coffee offering, providing consumers new ways to enjoy Starbucks products in the comfort of their home.

These products build upon the portfolio of innovation of the global coffee alliance, formed in August 2018 to create a revolutionary coffee experience for consumers. In 2019, Nestlé launched four coffee platforms worldwide under the Starbucks brand, including Starbucks Creamers in the U.S.

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