nestle - Neighbourhood Retailer https://neighbourhoodretailer.com The authoritative voice of the grocery industry in Northern Ireland Wed, 07 Feb 2024 18:02:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://neighbourhoodretailer.com/wp-content/uploads/2020/05/cropped-NR-SIte-Icon-2-32x32.png nestle - Neighbourhood Retailer https://neighbourhoodretailer.com 32 32 178129390 End of an era for teatime treat as Breakaway biscuit bar discontinued https://neighbourhoodretailer.com/end-of-an-era-for-teatime-treat-as-breakaway-biscuit-bar-discontinued/ Wed, 07 Feb 2024 18:02:37 +0000 https://neighbourhoodretailer.com/?p=30677 It’s the end of an era for the Breakaway biscuit bar, as Nestlé has announced they will no longer produce the teatime favourite from March.

The post End of an era for teatime treat as Breakaway biscuit bar discontinued first appeared on Neighbourhood Retailer.

]]> It’s the end of an era for the Breakaway biscuit bar, as Nestlé has announced they will no longer produce the teatime favourite from March.

Acknowledging the disappointment of its fans, Nestlé UK & Ireland said production of the bar was ending in order to make way for investment and innovation across the FMCG company’s wider portfolio of products.

The confectioner announced that it is also discontinuing its Yorkie Biscuit bars.

First launched in 1970 by Rowntree Mackintosh before being acquired by Nestlé in 1988, Breakaway has been a popular breaktime treat ever since.

A spokesperson for Nestlé UK & Ireland said that while they know fans will be disappointed to see Breakaway go, it was “time to say goodbye”.

“We have seen a decline in the sales of Breakaway over the past few years and unfortunately, we had to make the difficult decision to discontinue it,” they said.

“By saying goodbye to Breakaway, we can focus on our best-performing brands, as well as developing exciting new innovations to delight consumers’ tastebuds.”

The spokesperson added that while both Breakaway and Yorkie Biscuit bars are going, there are “plenty of exciting new products lined up for 2024”.

One new biscuit coming to the market is Blue Riband Hazelnut, which will be available across UK supermarkets from February.

The post End of an era for teatime treat as Breakaway biscuit bar discontinued first appeared on Neighbourhood Retailer.

]]> 30677 New MD for Nestlé confectionery business in UK and Ireland https://neighbourhoodretailer.com/new-md-for-nestle-confectionery-business-in-uk-and-ireland/ Mon, 20 Mar 2023 14:48:49 +0000 https://neighbourhoodretailer.com/?p=26316 Nestlé has appointed Mark Davies as the new Managing Director of its confectionery business in the UK and Ireland, effective from 1st March. He replaces

The post New MD for Nestlé confectionery business in UK and Ireland first appeared on Neighbourhood Retailer.

]]> Nestlé has appointed Mark Davies as the new Managing Director of its confectionery business in the UK and Ireland, effective from 1st March. He replaces Richard Watson, who was recently announced as market CEO.

In his new role, Mark will be responsible for leading the confectionery business as it looks to consolidate its recent growth, increasing market share while driving value for consumers, customers and suppliers.

He joined Nestlé in 1991 and has more than 30 years of FMCG experience, heading up large businesses and leading major acquisitions and the integration and transformation of joint ventures. He has worked in various European countries, as well as the Middle East and the Greater China region.

FUTURE FOCUS

In his most recent position as Vice President Nestec Ltd in Switzerland, Mark was responsible for the strategic direction of Nestlé’s global confectionery business, with his remit encompassing capital investment, acquisitions, and research and development. He was part of the team who designed, built and led the Nestlé Cocoa Plan, the company’s initiative to create shared value in the cocoa supply chain, from farmers to consumers.

Speaking about his new role, Mark said: “To be taking the reins at Nestlé UK&I’s confectionery business, where I started as a graduate three decades ago, is something truly special.

“Many of Nestlé’s biggest and best-loved confectionery brands were created right here in the UK, including KitKat, Aero, Quality Street and After Eight.

“My focus will be on prioritising our sustainability commitments while ensuring that we continue to innovate, keeping our brands fresh and relevant and providing great value for the millions of people who enjoy our products every day.”

The post New MD for Nestlé confectionery business in UK and Ireland first appeared on Neighbourhood Retailer.

]]> 26316 Nestlé launches new Munchies sharing bar https://neighbourhoodretailer.com/nestle-launches-new-munchies-sharing-bar/ Mon, 12 Sep 2022 09:50:10 +0000 https://neighbourhoodretailer.com/?p=24880 Nestlé has announced a delicious new way to enjoy Munchies, with the launch of the brand’s first sharing bar. A mouth-watering combination of gooey caramel

The post Nestlé launches new Munchies sharing bar first appeared on Neighbourhood Retailer.

]]>

Nestlé has announced a delicious new way to enjoy Munchies, with the launch of the brand’s first sharing bar.

A mouth-watering combination of gooey caramel and crispy biscuit encased in a milk chocolate shell, Munchies Caramel and Biscuit Sharing Bar makes a great treat to break apart and savour with family and friends.

Amy Kendall, Munchies Brand Manager, said: “We know that Munchies fans are a passionate bunch – we always receive a tremendous reaction whenever we launch new flavours and formats from the brand. And because they taste so good, it’s not surprising that fans love to munch with their favourite people – in fact, Munchies is one of the most popular sharing bags we sell here at Nestlé Confectionery.

“That’s why we are especially excited to introduce our latest innovation – a brand new sharing bar. We’ve set the bar high on this one – it’s got soft, gooey caramel, it’s got crunchy biscuit pieces and the whole lot is encased in a smooth milk chocolate shell. In other words, our new Munchies bar is a bit of a taste sensation!”

The 87g bar (RRP £1) is available now from a variety of supermarkets, convenience, and value stores including Iceland, B&M, Home Bargains, Poundland and Spar.

The post Nestlé launches new Munchies sharing bar first appeared on Neighbourhood Retailer.

]]> 24880 KitKat maker Nestle puts up prices again https://neighbourhoodretailer.com/kitkat-maker-nestle-puts-up-prices-again/ Fri, 29 Jul 2022 09:28:18 +0000 https://neighbourhoodretailer.com/?p=24352 KitKat maker Nestle has put up its prices again due to “unprecedented” increases in costs. The Swiss food giant said it had increased prices by

The post KitKat maker Nestle puts up prices again first appeared on Neighbourhood Retailer.

]]> KitKat maker Nestle has put up its prices again due to “unprecedented” increases in costs.

The Swiss food giant said it had increased prices by 6.5% in the first half of this year. McDonald’s and Coca-Cola also announced price rises this week.

Companies are facing increased costs for things such as fuel, wages and ingredients, and consumer prices in the UK are rising at their fastest rate for 40 years.

Nestle, which also makes Cheerios and Smarties, had already increased prices by 3.1% in the last three months of 2021.

Chief executive Mark Schneider said price increases were implemented “in a responsible manner”.

“We limited the impact of unprecedented inflationary pressures and supply chain constraints on our margin development through disciplined cost control and operational efficiencies,” he added.

Price rises were highest in North America, at 9.8%, compared with 4.9% in Europe.

Nestle said organic sales had risen by 8.1% in the first half of the year. The firm raised its organic sales growth forecast for the year to between 7% and 8%.

Net profit fell by 11.7% to 5.2bn Swiss francs ($5.4bn; £4.5bn) as a result of one-off items, including higher taxes and write-offs of property and equipment in Russia.

In March, Nestle stopped investment in Russia and pulled its popular brands out of the country following the invasion of Ukraine. However, it still sells essentials such as baby formula and medical nutrition products there.

On Wednesday, McDonald’s said it was increasing the price of its cheeseburger for the first time in more than 14 years – from 99p to £1.19 in the UK .

It came after drinks giant Coca-Cola told Bloomberg its global prices had increased by an average of about 5%.

The post KitKat maker Nestle puts up prices again first appeared on Neighbourhood Retailer.

]]> 24352 Nestle raises organic growth outlook to 7-8% https://neighbourhoodretailer.com/nestle-raises-organic-growth-outlook-to-7-8/ Thu, 28 Jul 2022 09:34:49 +0000 https://neighbourhoodretailer.com/?p=24346 Nestle has raised its full-year sales growth forecast to 7-8% and just slightly lowered its margin guidance after cost inflation hurt less than expected and

The post Nestle raises organic growth outlook to 7-8% first appeared on Neighbourhood Retailer.

]]> Nestle has raised its full-year sales growth forecast to 7-8% and just slightly lowered its margin guidance after cost inflation hurt less than expected and price increases boosted organic sales growth in the first half of 2022.

Consumer goods firms are facing sky-rocketing input costs for raw materials, energy and transportation, and while many consumers so far seem to accept the ensuing price increases, delays in implementing them are squeezing companies’ margins.

Peers Reckitt Benckiser, Unilever and Danone raised their full-year revenue forecasts this week after steep price hikes helped them beat second-quarter sales expectations.

At Nestle, the world’s biggest food group, net profit hit by one-off items including higher impairments and taxes fell 11.7% to 5.2 billion Swiss francs, the maker of KitKat chocolate bars and Maggi soups said in a statement, missing an average 5.815 billion Swiss francs in a company-compiled consensus.

The underlying trading operating profit margin declined to 16.9% in the first half of 2022, from 17.4% in the year-ago period, slightly higher than the expected 16.7%.

In the second quarter, underlying or ‘organic’ sales growth accelerated to 8.7%, from 7.6% in the first three months of the year, thanks notably to price increases of 7.7%, Nestle said.

First-half organic growth reached 8.1%, beating a forecast for 7.4% in the poll.

The company based in Vevey on Lake Geneva said it now expects organic sales growth of 7-8%, versus around 5% previously, and an underlying trading operating profit margin of around 17.0%, versus previous guidance for a margin between 17.0% and 17.5% this year.

The post Nestle raises organic growth outlook to 7-8% first appeared on Neighbourhood Retailer.

]]> 24346