Nestlé today announced it has launched Roastelier, a compact coffee-roasting solution that will allow baristas to unlock and simplify the art of roasting in the shop. Passionate coffee consumers will now be able to experience the roasting process in their neighborhood café and will get to taste customized coffee blends made with freshly roasted beans. Thanks to Roastelier, passionate baristas are able to provide an authentic and complete coffee experience, including roasting, allowing for ultimate freshness.
The Roastelier solution includes a range of top grade arabica coffees sourced from select coffee growing regions around the world. These coffees are carefully assessed for many quality parameters within Nestlé’s factories and are then taken through the first step of roasting using their proprietary knowledge and equipment setup – referred to as ‘Prime Roast' – to ensure consistently good results batch after batch.
This launch highlights Nestlé’s leadership in coffee innovation within the broad coffee category, to further create customer value and enrich consumers’ experiences.
Reinhold Jakobi, Head of Nestlé Professional Strategic Business Unit, Nestlé, said: "We have developed Roastelier in less than twelve months, capitalizing on our R&D expertise in beverage system technologies. With this artisanal on-site roasting solution, baristas can now offer hassle-free, freshly roasted coffee, with hundreds of personalized blends at their fingertips, to cater to the increasing diversity of consumer tastes and desires. This significantly enhances both authenticity and 'coffee cred' at their outlets. The novel solution will help passionate baristas become master roasters."
After Ruby and Green Tea Matcha, Nestlé has unveiled the latest edition of its most iconic confectionery brand: the new KitKat Gold.
KitKat Gold offers a tasty combination of crispy wafer and smooth milk chocolate, topped with creamy white chocolate with sweet caramel notes.
The new four-finger treat will launch in major retailers across Europe and selected other countries throughout 2020. It is already available in Russia and will arrive in the UK & Ireland very soon.
A version of KitKat Gold was introduced in Australia and New Zealand in 2018 as a limited edition and was so popular it was added to the permanent range.
Alexander von Maillot, Global Head of Confectionery at Nestlé, said: "People are constantly looking for new taste sensations when they treat themselves and others. They also want chocolate that is visually appealing, so they can share it with friends and on social media. KitKat Gold has that special something, allowing consumers to have a break in style!"
KitKat Gold uses UTZ-certified cocoa beans sourced as part of the Nestlé Cocoa Plan. It has no artificial colors, flavors or preservatives.
From its origins in the United Kingdom in 1935, KitKat has grown in popularity across the globe. Today, the iconic brand is present in more than 80 countries.
Alexander von Maillot added: "KitKat Gold is further proof of our commitment to our leading international confectionery brand. We have introduced many innovative flavors and premium products in recent years, and there is more to come!"
Nestlé S.A. today announced that it has completed its 20 billion share buyback program initiated on July 4, 2017. Since July 4, 2017, Nestlé has repurchased 225,186,059 of its shares for a total of CHF 20 billion at an average purchase price per share of CHF 88.82.
A total of 136,160,000 repurchased shares were cancelled by the Annual General Meetings held on April 12, 2018 and on April 11, 2019. As a result, the share capital of Nestlé S.A. was reduced to currently CHF 297,600,000. The Annual General Meeting 2020 of Nestlé S.A. will decide upon the cancellation of the remaining 89,026,059 repurchased shares.
Nestlé S.A. will start a new share buyback program of up to CHF 20 billion as announced on October 17, 2019. Nestlé plans to commence repurchases on or after January 3, 2020. The new share buyback program shall be completed by the end of December 2022. Concurrently with this press release, Nestlé has published the details of the program in a buyback notice. The volume of monthly share buybacks will depend on market conditions. Should any extraordinary dividend payments or sizeable acquisitions take place during this period, the amount of the share buyback will be reduced accordingly.
Nestlé today announced that it has agreed to sell a 60% stake of Herta to Casa Tarradellas. Nestlé and Casa Tarradellas will create a joint venture for Herta with their respective stakes of 40% and 60%.
The joint venture includes Herta charcuterie (cold cuts and meat-based products) available in six European countries, as well as the Herta dough business in France and Belgium. It will be established upon finalization of employee consultations where required.
Nestlé will retain and develop its existing Herta vegetarian business, in line with its increased focus on plant-based offerings. Nestlé offers a wide range of plant-based products, including through Garden Gourmet in Europe and Sweet Earth in the U.S.
The Herta charcuterie and dough business had sales of EUR 667 million in 2018 and has been valued at EUR 690 million. Closing is anticipated to take place in the first half of 2020.
The joint venture will build on the brand’s significant presence and leadership position in several European countries. It will benefit from the complementary strengths and innovation expertise of both parties in order to continue the successful development of Herta in Europe.
Marco Settembri, Executive Vice President, Chief Executive Officer Zone Europe, Middle East and North Africa, Nestlé, said: "The Herta business has delivered strong performance over the past years and is well-positioned for future growth. We are happy to have Casa Tarradellas as our partner, a family-run business that is a market leader in Spain for pizza, fresh dough and charcuterie. Both companies have a true passion for quality and innovation and are proud to be in a joint venture to provide our consumers with great ingredients for their daily meals."
Read the full press release
Nespresso announced the signature of a Memorandum of Understanding with the Mozambique’s Gorongosa National Park to promote the local coffee industry, as part of the Nespresso’s Reviving Origins program. The program aims to restore high quality coffee production in regions around the world where it has been under threat due to political conflict, economic hardship or environmental disasters.
Through the implementation of its AAA Sustainable Quality™ Program, Nespresso will support coffee farmers in the Gorongosa National Park to increase the quality of their coffee, promote sustainable farming practices and agroforestry while improving farmer’s livelihoods through capacity and skills building.
Nespresso aims to make the new coffee from Mozambique available, as a limited edition, in 2022.
Jean-Marc Duvoisin, CEO of Nespresso, comments: "Nespresso is very proud to start this collaboration with the Gorongosa Project to revive the coffee production in Mozambique. We will work directly with coffee farmers to help establish a high quality coffee supply that will increase economic opportunities in this region while giving our consumers a unique coffee experience".
Read the full press release
Nestlé is pleased to welcome Bryan Meehan, CEO of Blue Bottle Coffee, to its Creating Shared Value Council.
The Creating Shared Value (CSV) Council is an external advisory group formed in 2009. The Council helps to ensure the sound development, long-term sustainability and positive social and economic impact of the CSV business approach.
Mark Schneider, Nestlé CEO, said: "At Nestlé, we believe to be successful in the long term we must create value for both our shareholders and for society. Bryan has shown how a business can act as a force for good by leading the way to a plastic-free future. His entrepreneurial spirit and passion to fight climate change will be a great addition to the work of the Council."
Chaired by Janet Voûte, the Nestlé Creating Shared Value Council is comprised of eight external members, whose expertise spans corporate social responsibility, strategy, sustainability, nutrition, water and rural development. Council members also form the judging panel for the Nestlé CSV Prize.
Find more information on the CSV Council
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.