Consumers Buy Less Water in the time of recession. This had affected Nestlé’s revenue growth. The bottler of Perrier and Vittel Nestle SA had seen a sluggish revenue growth in the year 2009. According to the Company it is due to the changing buying behavior of the consumers at the time of recession. The recession [...]
Feb
19
2010
19
2010
Jan
6
2010
6
2010
Kraft manages only 1.5% nod from of Cadbury
Amidst the entire hullabaloo, Kraft on Wednesday said that it has got positive response from only 1.52 per cent of Cadbury shareholders for buying stake in the company. The deal, which at present is valued at $16.8 billion and is expected to go up, is open till February 2.
The nod came from the shareholders holding [...]
Jan
6
2010
6
2010
Kraft failed to “craft” a deal with Cadbury….
Frozen Pizza giant Kraft tried to woo British Candy Company Cadbury with a fresh bid of taking over on Tuesday after cracking a sale deal of its U.S Frozen Pizza Nestle. Kraft Foods is doing this because of the desire expressed by some Cadbury security holders to have a greater proportion of the offer in [...]
Jan
6
2010
6
2010
Jan
4
2010
4
2010
Novartis steps forward to buy Alcon
Swiss drug maker, Novartis AG has made an offer to buy 52 percent stake from Nestle and 23 percent stake from other minority stakeholders to obtain complete control of world’s largest eye-care company, Alcon Inc. If approved, the deal will cost Novartis $39.3 billion. Earlier in 2008 the company had bought 25 percent stake in [...]