Wonder Group, a food-delivery startup that sells high-tech kitchen equipment and customized ingredients to businesses, has received a $100 million investment and a strategic partnership from Nestle, the world’s largest food and beverage company, CNBC said. The deal, which was confirmed by both companies but not disclosed publicly, will help Wonder expand its reach and…
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eCargo to distribute Nestlé’s coffee and dairy products in China
SYDNEY: eCargo Holdings Limited (ECG), a supply chain solutions provider for the Asia market, has announced a partnership with Nestlé, the world’s largest food and beverage company, to sell its coffee and dairy products in China through cross-border channels. eCargo will provide Nestlé with supply chain, distribution, eCommerce and digital marketing solutions for its coffee…
Nestle to buy majority stake in Brazilian chocolate maker Grupo CRM
Nestle, the Swiss food giant, will acquire a majority stake in Grupo CRM, a Brazilian premium chocolate company, from private equity firm Advent International, Brazil Journal reported. The deal, which is expected to be completed in 2024, will allow Nestle to expand its presence in the luxury chocolate segment, where it currently has a limited…
Nestlé Pakistan to recycle 220 tons of plastic waste
LAHORE: Nestlé Pakistan, District Council Hunza, Gilgit Baltistan Waste Management Company (GBWMC) and Karakoram Area Development Organization (KADO) have signed an MoU for “Clean Hunza Project”. The project is supported by the company’s Nestlé Fruita Vitals and Nestlé Pure Life brands. “Clean Hunza Project” shall focus on infrastructure development for a waste segregation, management and…