Tag: FOOT
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Nestle to investigate banking relationships after Credit Suisse collapse
ZURICH, March 28 (Reuters) – Nestle (NESN.S) will examine its banking relationships following the planned acquisition of Credit Suisse (CSGN.S) by UBS (UBSG.S), the food group’s CEO Mark Schneider said on Tuesday. The world’s largest food group was a customer of Credit Suisse, Schneider told broadcaster TeleZueri in an interview to be shown Tuesday evening, […]
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Tyson Foods is closing two U.S. chicken plants employing nearly 1,700 workers
CHICAGO, March 14 (Reuters) – Tyson Foods Inc (TSN.N) will close two U.S. chicken plants employing nearly 1,700 workers on May 12, the company said on Tuesday. The closures show that the largest U.S. meat company by revenue is still trying to figure out how to improve its chicken business, which has struggled for years. […]
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Nestle is planning price increases after costs eat into profits
Price increases needed to further offset commodity inflation Company expects organic growth of 6-8% in 2023 CEO says supply chain pressure is easing ZURICH, Feb. 16 (Reuters) – The world’s largest food group Nestle (NESN.S) will raise prices further this year, CEO Mark Schneider said on Thursday, after more expensive ingredients contributed to full-year net […]