February 27, 2009 |
Coca-Cola Co. and joint-venture partner Nestle agreed to pay $650,000 in a settlement with 27 states over claims that Enviga green tea burns calories, resulting in weight loss. Connecticut Atty. Gen. Richard Blumenthal began an inquiry in 2007 seeking evidence that consumers who drink Enviga burn more calories than they take in. Blumenthal, who had said the claim might be "voodoo nutrition," led the coalition of states and the District of Columbia in the settlement.
December 28, 2001 |
Nestle's long-expected move to acquire complete control of the venture that sells Haagen-Dazs ice cream in the United States gives it more ammunition in its war with Unilever for worldwide ice cream supremacy. But one beneficiary in this clash of the packaged goods titans could be lesser-known Dreyer's Grand Ice Cream Inc., the No. 1 U.S.-based ice cream company, which is partially owned by Nestle, analysts said Thursday.
October 29, 2000 |
Every company has its perks, and for employees of Glendale-based Nestle USA, they include a discount company store loaded with everything from its namesake Nestle Crunch bar to Lean Cuisine, Friskies pet food, Ortega salsa and Perrier mineral water. Carrying more than 168 brands and a majority of the company's 2,000 products, the store exemplifies how huge Nestle has become.
CALIFORNIA | LOCAL
August 8, 2000
Nestle USA Inc. in Glendale has agreed to sell its processed potato business to Simplot, a privately held agribusiness in Boise, Idaho. Terms of the agreement were not disclosed. The sale includes Nestle's three potato processing plants in Idaho and Washington. Nestle is a diversified food and beverage company and part of Nestle S.A. Switzerland.
May 5, 2000
Robert Schult, who resigned as president of Glendale-based Nestle USA Inc. in January, has joined Novopoint, a Minneapolis-based Internet business-to-business marketplace, as its chief executive. Novopoint, which is launching this summer with an initial investment from such companies as agriculture giant Cargill, will supply food manufacturers with ingredients, packaging and services. It will be operated as an independent company, owned by its food company members.
CALIFORNIA | LOCAL
February 29, 2000
Nestle USA Inc. of Glendale has agreed to buy PowerBar Inc., a Berkeley-based manufacturer of energy bars, for an undisclosed sum, the company said. The deal includes PowerBar's manufacturing and distribution centers. Nestle USA is part of Nestle S.A., a food company with annual sales of $52 billion.