Nestlé announced today that it has reached an agreement to sell its U.S. ice cream business to Froneri, an ice cream-focused joint venture Nestlé created in 2016 with PAI Partners, for a transaction value of USD 4 billion.
In 2016, Nestlé and PAI Partners merged Nestlé’s European ice cream business in 20 countries and PAI-owned R&R to create Froneri, one of the world’s largest ice cream companies.
With a portfolio of iconic brands, unparalleled ice cream knowledge and focus as well as an agile and entrepreneurial management style, Froneri has been able to achieve rapid sales and profit growth, steadily gaining market share and reaching a turnover of around CHF 2.9 billion in 2018.
Froneri, which already had operations in Europe, Latin America, Africa and Asia-Pacific will now have a strong presence in the U.S., the largest ice cream market in the world. The recent acquisitions of TipTop in New Zealand and Nestlé’s ice cream business in Israel have also increased Froneri’s growing global footprint.
Nestlé USA's successful ice cream business comes with a high-caliber management team, marketing, manufacturing and sales/distribution capabilities. In 2018, turnover was USD 1.8 billion. With brands like Häagen-Dazs, Drumstick and Outshine, the business commands leadership in key ice cream categories, notably super premium.
Commenting on the transaction, Mark Schneider, Nestlé CEO, said: "The creation of Froneri has been a phenomenal success. We are now making this business our global strategic partner in ice cream and are convinced that Froneri’s successful business model can be extended to the U.S. market. With this transaction, we are taking a decisive step towards our goal of achieving global leadership in ice cream."
Read the full press release
Nestlé has today reported significant progress in its efforts to tackle the issue of child labor in the cocoa communities of West Africa. Its latest 'Tackling Child Labor' report (pdf, 4Mb) shows that it is possible to have a positive impact at scale. Providing education — for both children and adults — and improving livelihoods remain crucial to prevent and stop child labor.
In 2012, Nestlé took an important step to help vulnerable children in the cocoa sector by pioneering its Child Labor Monitoring and Remediation System. This system allows Nestlé to identify, track and address child labor in its supply chains. Assistance is provided through community-wide solutions as well as those tailored to individual needs.
Over the past two years, Nestlé has almost doubled its outreach to include 78,580 children across 1,750 communities. In the development phase of the system from 2012 to 2017, Nestlé monitored over 40,000 children in Côte d’Ivoire and identified 7,002 as child laborers.
The system continues to be successful in identifying children involved in child labor, with over 18,000 children found. Through awareness raising and assistance, 55% of these children have been able to stop child labor activities. Nestlé will continue its efforts to provide solutions for all the children identified.
Meatless is going mainstream, as two of America's beloved brands are getting even more awesome. Nestlé is launching new meatless DiGiorno and Stouffer’s innovations made with Sweet Earth Awesome Grounds, a plant-based ground beef alternative.
DiGiorno Rising Crust Meatless Supreme pizza with Sweet Earth Awesome Grounds and Stouffer's Meatless Lasagna with Sweet Earth Awesome Grounds will help satisfy consumers looking for convenient and meat-free options from brands they know and trust. Similar to the original offerings with real meat, these new recipes have the same high product quality, taste and texture.
Consumers are increasingly showing interest in adopting a 'flexitarian' lifestyle — making an active choice to incorporate more plant-based meals into their diets, while occasionally eating meat or fish. In recent years, the demand for meals made with meat alternatives has gone mainstream.
Launching more plant-based food and beverages is part of Nestlé's efforts to speed up the transformation of its portfolio with innovative, sustainable products.
For more, read the press release
Nestlé today announced the launch of a more inclusive and enhanced global parental support policy.
The new gender-neutral policy will apply to all employees worldwide. Under the new policy, parental leave for primary caregivers will be extended to 18 weeks of fully paid leave from 14 weeks previously. The policy establishes a minimum of four weeks for secondary caregivers, for whom there was no global minimum before.
Nestlé CEO Mark Schneider said: "Every family is unique, so we have designed a parental support policy that is flexible enough to work for us all. Supporting the healthy development of infants has been a core value of our company since our founding. Our new parental support policy is an important part of our efforts to provide children with the best start in life, by allowing parents to spend more time with their new child."
The new policy sets new minimum standards but does not set limits. This means that in some places, Nestlé may choose to offer more leave than the 18 weeks for primary caregivers and the four weeks for secondary caregivers. The company will always provide longer parental leave if local laws require it.
In addition to the new arrangements, the parental support policy reinforces employment protection, non-discrimination, health protection, the availability of flexible working options, as well as breastfeeding support.
Nestlé Head of Group Human Resources Béatrice Guillaume-Grabisch said: "We want to make Nestlé an even more inclusive and inspiring place to work. This is a policy that will benefit every one of our people when they welcome a new child to their family, wherever they are in the world."
Nestlé will begin implementing the policy in 2020, with the global rollout set to be completed by the end of 2022.
Nestlé has today launched the KitKat Chocolatory Cacao Fruit Chocolate, the first product to use a unique chocolate made entirely from the cocoa fruit.
The iconic crispy KitKat wafer is coated with a 70% dark chocolate that uses the beans and pulp from the cocoa fruit as the only ingredients.
This exclusive confectionery will be available in Japan for online purchase and in the KitKat Chocolatory boutiques in Tokyo, Osaka, Kawasaki and Hiroshima. It comes individually or in an assortment box with other KitKat Chocolatory Sublime bars.
The launch of the KitKat Chocolatory Cacao Fruit Chocolate follows the announcement in July of the breakthrough to sweeten chocolate solely with cocoa pulp.
Cocoa pulp surrounds the cocoa beans, and is soft, sweet and white in color. Nestlé has developed a natural approach that allows it to extract the pulp and use it in chocolate, with no compromise on taste, texture and quality.
Further products sweetened with cocoa pulp will follow in other countries next year, through some of Nestlé's most popular confectionery brands.
Nestlé has introduced a number of confectionery innovations through KitKat in Japan, such as ruby chocolate and volcanic chocolate.
For more details on the launch in Japan, read the press release (pdf, 500Kb)
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Nestlé Purina, in collaboration with Ashoka (a pioneer in the field of social entrepreneurship), has announced the launch of the second BetterwithPets Prize, which offers up to CHF 120,000 to social innovators who are harnessing the power of the pet-human bond.
New for this second edition are two application streams and an expanded geographical scope. Purina is on the search for social innovations both piloted/implemented and idea-stage that are focused on harnessing the mutual positive power of the pet-human bond for the health and wellbeing of society. The latter stream, idea-stage innovations, is specifically aimed at young innovators, from 18 to 25 years old.
Now accessible to more countries across Europe, Middle East and North Africa, the 2020 Prize application process will be open from November 25, 2019 and will close on January 28, 2020.
Applicants for the Purina BetterwithPets Prize will get the chance to win prizes totalling CHF 120,000, up to CHF 100,000 for piloted/implemented innovations and up to CHF 20,000 for idea-stage innovations. In addition, the finalists from the piloted/implemented innovations stream will be eligible to participate in an accelerator program whereas the finalists from idea-stage innovations will have the opportunity to participate in a co-creation lab, both designed to support finalists in the development of their projects.
A total of ten finalists will be invited to attend the Purina BetterwithPets Forum in France on 3-4 June 2020, where the winners will be announced.
Nestlé today announced that it will use Nutri-Score nutrition labeling in Austria, Belgium, France, Germany and Switzerland, starting in the first half of 2020. The company will implement Nutri-Score across brands of its wholly-owned businesses over a two-year period.
Cereal Partners Worldwide, the international breakfast venture between Nestlé and General Mills, will also implement Nutri-Score on its product packaging in the same countries.
In total, more than 5000 products in the five countries will feature Nutri-Score.
Nutri-Score is a voluntary front-of-pack scheme that classifies foods and beverages according to their nutritional profile. It is a color-coded system with a scale ranging from A (healthier choices) to E (less healthy choices).
Marco Settembri, CEO of Nestlé for Europe, Middle East and North Africa said: "Our ambition is to have one of the healthiest options in every product category we offer. Nutri-Score will motivate us and help track our progress. I am proud that Nestlé is the first company to roll out Nutri-Score at this scale in Europe. We now want to move quickly as we are sure this is the right way forward."
Nestlé strengthened its commitment and leadership in tackling the issue of plastic waste by joining the New Plastics Economy as a core partner.
Applying the principles of the circular economy, the initiative - led by the Ellen MacArthur Foundation - brings together key stakeholders to rethink and redesign the future of plastics, starting with packaging.
Véronique Cremades-Mathis, Global Head of Sustainable Packaging at Nestlé, said: "Collaboration and collective action are critical to achieving system-wide change to the way we think about and engage with plastics. At Nestlé, we don't want any of our packaging, including plastics, to become waste or pollution. The New Plastics Economy initiative represents an important catalyst on the journey to achieving a circular economy for plastics, and we are pleased to be able to contribute to this work through our expanded role as a core partner."
Nestlé is also a signatory of the New Plastics Economy Global Commitment, which unites more than 400 organizations behind a common vision and targets to address plastic waste and pollution at its source.
Read the full announcement.