Nestlé has been given a reprieve in its bid to keep hold of Brazilian confectionery firm Garoto after Brazil’s antitrust regulator delayed a decision on Nestlé’s appeal against a ruling that requires the company to sell the brand.

Competition watchdog Cade delayed its decision after one of its members asked for more time to study the case, reported Reuters.

Cade ruled earlier this year that Nestlé had to sell Garoto, which it bought two years ago, because of competition concerns.

In a bid to keep hold of Garoto, Nestlé has appealed against the decision and offered to sell other brands to decrease its market share.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.