switzerland
Nestlé CEO Mark Schneider makes shock decision to step down, as Laurent Freixe named successor
Mark Schneider, CEO of Nestlé has made a shock decision to stand down from his role after eight years, with the company naming Laurent Freixe, its executive vice president of its Latin American business, as his successor, reports Neill Barston.
Lindt & Sprüngli delivers continued growth trend with latest half-year figures
Swiss-based Lindt & Sprüngli premium confectionery brand has recorded strong half-year results, with sales up 7% to CHF 2.16 billion, with Europe providing its core area of growth, registering a 9.3% upturn, reports Neill Barston.
Barry Callebaut agrees breakthrough digital strategy partnership with Microsoft
A major industry partnership has been unveiled by Swiss-headquartered Barry Callebaut group, as it links up with Microsoft to drive its wide-ranging digital transformation plans, reports Neill Barston.
Sparkling summer of cacao ingredient success for Cabosse Naturals
Cabosse Naturals, the Barry Callebaut-linked cacao upycling venture, has reported a strong demand for an expanded range of products, including a 70% upturn in alcoholic beverages, writes Neill Barston.
ETH Zürich researchers work with Koa on healthier profile chocolate
Specialists at the federal technology institute, ETH Zürich, in Switzerland, have worked on an innovative project with supported by Swiss-based cocoa brand, Koa, exploring production of whole-fruit chocolate with a healthier profile, writes Neill Barston.
Bühler creates latest milling equipment for global snacks and bakery markets
Swiss equipment and systems group, Bühler, has unveiled its latest advanced roller mill line, the Arrakis, targeting the global snacks and bakery manufacturer market, writes Neill Barston.
Nestlé posts sales dip, amid ongoing global supply chain challenges
Nestlé has reported trading challenges in the first quarter of 2024, with sales of CHF 22.09 billion, down 5.9% against CHF23.4bn for the same period last year, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Barry Callebaut posts 11% sales growth, while operating profits drop amid challenging global markets
Swiss-headquartered Barry Callebaut has reported six-month sales growth of 11.1% to CHF 4.6 billion, amid a challenging backdrop that also saw its operating profit drop by 40% to CHF 178million for the period, which it attributed to investment in company restructuring, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Lindt and Sprüngli records fresh double-digit annual growth, despite global market challenges
Swiss-headquartered Lindt and Sprüngli has recently posted a double-digit upturn in its annual sales, for the third consecutive year, rising from CHF 4.97 billion to CHF 5.20 bn, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Nestlé sales impacted by weaker consumer demand, yet KitKat performance continues growth
Nestlé has reported its latest annual results, which revealed a dip in sales to CHF92.9 billion for 2023, from CHF94.4billion the previous year, as it acknowledged weaker demand from consumers, with an ongoing cost of living crisis having an impact, writes Neill Barston.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
Bühler continues upward growth trend, despite ongoing global market tests
The Swiss industry equipment and solutions group, Bühler, has reported improved results for 2023, including a modest turnover increase of 1%, to CHF 3billion and net profits rising 16% to CHF 179 million, in spite of challenging background conditions in the global economy, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Lindt & Sprüngli faces child labour allegations with Swiss TV documentary
Lindt & Sprüngli has come under the microscope in the wake of a recent Swiss documentary that has alleged child labour has been found in its supply chains within West Africa, writes Neill Barston.
Swiss equipment business Trikno delivers ProSweets major global first for chocolate tempering
A major technology breakthrough from Swiss business Trikno has been exhibited at this week’s ProSweets event, as it unveils its Tempered Nozzle Technology (TNT) for what is believed to be a world first in delivering ‘just-in-time’ tempering for chocolate, writes Neill Barston.
Cocoa & chocolate, Ingredients, New products, Processing, Sustainability
Barry Callebaut posts revenue upturn amid challenging global market conditions
The Swiss-headquartered Barry Callebaut Group has released its latest quarterly figures revealing revenue gains of 14.1%, to CHF 2.2 billion driven by adjusted cocoa pricing, and an increase in sales volumes, rising 0.4% to 580,876 tonnes, against a ‘challenging and declining’ chocolate market, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory