Friday May 25, 2018
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No ‘Maggi’ hearing at apex consumer court on Friday

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New Delhi, Hearing on the the Rs.640-crore class action suit filed by the Indian government against Nestle India, alleging unfair trade practices with regard to Maggi noodles was not heard at the apex consumer disputes forum on Friday. No reasons were assigned.

Photo credit: www.civilsdaily.com
Photo credit: www.civilsdaily.com

Officials at the National Consumer Disputes Redressal Commission (NCDRC) said the matter was only “tentatively listed” for Friday and that no specific bench had been earmarked. “The matter may come up next week,” an official said, adding nothing had been finalised as of Friday morning.

The Department of Consumer Affairs had filed this class action suit on Tuesday on behalf of the large number of consumers of Maggi in the country against Nestle India on the grounds of unfair trade practices, and sale of defective goods and some without necessary product approvals.
Nestle had expressed disappointment over the government’s action.
But the company got a significant respite on Thursday with the Bombay High Court lifting the ban on the sale of the instant noodle brand and ordering fresh tests in three separate labs to ascertain that the product complied with the country’s food safety norms.

(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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