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Maggi will be back on shelves as soon as possible: Nestle India chief

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New Delhi: Suresh Narayanan, the new India chief of the $97.5 billion Swiss processed food giant Nestle, on Saturday said the popular instant noodle brand Maggi will be back on retail shelves as soon as possible even as the the company will now focus on other areas of operations as well.  Maggi_masala_noodles

Narayanan, 55, who officially took charge of India operations on Saturday replacing managing director Etienne Benet who stepped down on July 25, said dairy, chocolates and confectioneries will all be in focus to push growth.

“All of this is part of the agenda,” he said in a meeting with select media persons.

He, however, declined any direct comment on the controversy over the ban on Maggi noodles, over which Nestle has moved the Bombay High Court. “We have to get back Maggi on the shelves. As of now, the matter is sub judice. Everything depends on the outcome. Let’s wait and see,” he said.

“The journey of Maggi will continue and the journey of other categories will also be emphasized.”

Having specifically flown in to India from Manila, where he was overseeing the Philippines operations as chairman, Narayanan said he had faced a host of challenges in his career and that the current one too would tide over.

The Bombay High Court is expected to deliver its verdict on the Maggi ban on Monday.

India’s official food regulator on June 5 had banned the sale of Maggi after an allegedly high amount of lead and monosodium glutamate (MSG) were found in samples. Following that, Nestle withdrew all the variants of the noodle, while continuing to maintain that its products were safe.

At the same time, a number of other countries also found the noodle imported from India to be safe. The countries included Britain, Singapore and Canada.

For Nestle India, Maggi was the dominant brand under “prepared dishes and cooking aids” and accounted for 31.5 percent of the sales in 2014. Among the other three divisions, “milk products and nutrition” fetched 47.1 percent, followed by 12.2 percent for “chocolates and confectionery” and 9.2 percent for “beverages”.

The Maggi unit saw a 1.8 percent increase in volumes in 2014 over the previous year and 8.1-percent rise in value at Rs.21.4 billion.

(IANS)

 

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Nestle Pays Starbucks $7.1bn to Sell its Coffee

Nestle in $7.1bn Starbucks coffee deal

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Nestle Pays Starbucks $7.1bn to Sell its Coffee.
Nestle Paid Starbucks $7.1bn to Sell its Coffee. Pixabay

Food giant Nestle on Monday announced a $7.1 billion deal with Starbucks for the rights to sell the chains coffee, tea and food products in grocery stores and other outlets globally.

The Swiss consumer goods giant said 500 Starbucks employees would transfer over to its business but they would continue to be located in Seattle, the group’s headquarters for the last 47 years.

Starbucks coffee
Starbucks coffee. Pixabay

The Nescafe and Nespresso owner would own the rights to market Starbucks’ coffee, which it says generates $2 billion in annual sales, the BBC reported.

Nestle chief executive Mark Schneider, who in 2016 became the first outsider to run Nestle in almost 100 years and who is attempting to boost the company’s profit through expansion, described it as a “significant step”.

Also Read: Californian Court Warns “Coffee causes Cancer!”

The company last sold its US sweets and chocolate business, including brands such as Crunch and Butterfinger, to Ferrero Group for 2.7 billion Swiss francs.

Schneider described the “global coffee alliance” with Starbucks as “a great day for coffee lovers around the world”. (IANS)

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