Nestle is to sell its US confectionery business amid the unit’s weak position in the country and tough competitions from Hershey, Mars and Lindt. CEO Mark Schneider said Tuesday the unit will be sold to Italy’s Ferrero for $2.8 billion. This is the first big sale of the world’s biggest […]

Nestle has announced to be shifting its Blue Riband chocolate biscuit factory from Britain to Poland, risking the jobs of about 300 employees. Currently the factory is located Fawdon in north east and it is learned the Swiss confectionary giant will be holding a 45-day consultation before implementing the plan. […]