SWITZERLAND – Nestle has reported sales of US$27.05 billion (CHF 21.3 billion), a 5.7% year-on-year decrease in Q1 FY 2026, led by the infant formula…
The partnership is designed to address one of the most critical bottlenecks hindering the growth of the dairy industry in Nigeria with the huge glaring gap in technical capacity and practical farm management skills.
The Carazinho unit was part of a deal with the Piracanjuba (Laticínios Bela Vista) group, which took over the operation of the site to produce milk under license for Nestlé.
Retrenchment notices come as the global food giant restructures operations, cuts jobs worldwide and reshapes its business divisions.
NIGERIA – Nestlé Nigeria has reported a revenue of US$885 million (N1.21 trillion), while gross profit rose 42 percent to US$319 million (N435.9 billion) in…