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OPINION: One of the world's largest ice cream makers, Nestlé, is going cold on the viability of making the dessert.
The conglomerate is in "advanced negotiations" to sell its remaining ice cream businesses to its joint venture partner, Froneri.
The division, which includes brands such as Häagen-Dazs and Drumstick, is valued at just shy of 1 billion Swiss Francs (US$1.3 billion). Nestlé plans to sell the brands to UK-based Froneri over the next year but remain in the joint venture.
Froneri is the second largest manufacturer of ice cream in Europe and the third largest worldwide, producing Cadbury, Oreo, KitKat, Movenpick Toblerone, Smarties, Magnum and Milo ice creams.
Froneri also owns Tip Top Ice Cream, for which it paid Fonterra $380 million in 2019.
A partnership between Canterbury milk processor Synlait and the world's largest food producer, Nestlé, has been celebrated with a visit to a North Canterbury farm by a group including senior staff from Synlait, the Ravensdown subsidiary EcoPond, and Nestlé's Switzerland head office.
OPINION: Media reports say global recalls tied to cereulide toxin contamination in milk-based nutrition brands could inflict combined financial losses exceeding $1 billion.
OPINION: At a time when dairy prices are at record highs, no one was expecting the world's second largest dairy player to slash jobs.
The ACT Party says media reports that global dairy giant Nestle has withdrawn from the Dairy Methane Action Alliance shows why New Zealand needs to rethink its approach to climate.
Global food company Nestle’s chair Paul Bulcke will step down at its next annual meeting in April 2026.
Katie Milne, former Federated Farmers president, has been announced as the National Party’s candidate for the West Coast-Tasman electorate.
Alliance has announced two key appointments within its senior leadership team.
A Rangitikei farmer has been indefinitely banned from owning animals and sentenced to serve 9 months and 3 weeks’ home detention following animal welfare failures that caused the death of more than 140 animals.
Potatoes New Zealand is reflecting on its legacy of innovation, resilience and a commitment to growers as it gets ready to mark its birthday on 17th April.
New Zealand's food and fibre sector is entering a period of significant transition and Irricon's refreshed brand reflects how both the business and the sector it supports have evolved, says director Keri Johnston.
The executive director of the Global Dairy Platform (GDP) Donald Moore says research being done at Massey University's Riddet Institute will help avert world hunger.
OPINION: The global crusade against fossil fuel is gaining momentum in some regions.
OPINION: A costly out-of-court settlement has hit dual-listed processor a2 Milk Company.
