Nestle SA's bottled water and premium beverage business will be combined into a global unit early next year, the company said on Tuesday.
With the softening of commodity prices, sequential improvement in margins is likely
A boom in e-commerce and a sharp tax cut are also propelling sales higher, spurring global confectioners like Mondelez International Inc, Nestle SA and relative newcomer Hershey Co to invest further in the still small but rapidly expanding market.
Nestle has introduced products including Nido milk powder, Damak chocolate and Nescafe Dolce Gusto BMW MINI coffee machines on Tmall.com, China's largest shopping website for brands and retailers, it said in a statement.
Nestle is now awaiting the results of fresh tests at court-appointed laboratories, expected by early October, after which it can begin manufacturing.
Processed foods maker Nestle India on Friday said it has increased its royalty rate to 4.5 percent from earlier 3.5 percent of sales.
Pfizer Inc is near a deal to sell its baby formula business to Swiss food giant Nestle SA for at least USD 9 billion, the Wall Street Journal reported on Tuesday.
Nestle SA, the world's biggest food group, agreed to buy US gastrointestinal diagnostics firm Prometheus Laboratories for an estimated USD 1.1 billion as part of the Swiss group's drive into health sciences.