Ferrero India has revealed its plans to build a new product portfolio for the mass market in India, with the firm assessing opportunities for some of the 20 confectionery brands it acquired from the US unit of Nestle at the start of the year.
The worlds biggest packaged food manufacturer, Nestlé, has revised its growth target for the year to 4.5%, after the Maggi noodle recall in India knocked sales and under-calculated U.S. Skin Health rebates weighed down profits.
The Bombay high court has ruled that the chief executive of India’s food regulator, the FSSAI, had “acted in an emergent, drastic and arbitrary” fashion in ordering Nestlé to withdraw its popular Maggi noodles from the shelves in June.
Labelling of infant formula sold in the Pakistani department of Punjab must now include the warning “mother’s milk is the best food for your baby and helps in preventing diarrhoea and other illnesses,” according to new prohibition and guidance rules released...
The head of Nestlé’s business in Asia has admitted the company has made mistakes in the way it has approached the India market by ignoring consumers in the country’s massive middle-class over the last decade.