Blog: Dean BestNestle gives rivals plenty to chew over

Dean Best | 12 August 2010

One analyst spoke of Nestle's "unstoppable momentum" after the world's largest food maker published its first-half results yesterday (11 August).

And the Swiss food giant's numbers were robust, particularly the growth from its core food and beverage business in Europe, where trading for all companies remains tough.

However, perhaps the most telling part of Nestle's results announcement was the defence of its emerging market operations from CFO Jim Singh.

The Nestle finance chief pulled no punches in his attempt to see off criticism that the company is under-exposed to emerging markets.

Others may have a greater proportion of their sales in emerging markets but Singh argued that it was a company's scale in the developing world that counts. And Nestle's scale, he insisted, was "unmatched".

Singh's comments on Nestle's presence in emerging markets was a timely reminder of how far the company has come in the developing world - and a timely warning about the future to its competitors.


BLOG

General Mills trials new way of buying Haagen-Dazs

On Friday (7 September), ice-cream lovers in part of central London were able to order Häagen-Dazs on their phones - and have it delivered directly to them, wherever they were....

BLOG

just-food closed on Monday 27 August

As I type, grey skies cover south-east London, with drizzle hitting the windows - but the forecast is set fairer for tomorrow when the country has its final public holiday before Christmas Day....

BLOG

If Kraft Heinz passed on Pinnacle, it should do so with Campbell

It's almost 18 months since Unilever rebuffed Kraft Heinz and, ever since, the rumour mill has spun over where the US manufacturer could look next. It's been reported today (2 August) the ketchup make...



Forgot your password?