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India

Silke Koltrowitz

Elliott Advisors proposes to acquire Aryzta, Swiss firm looks for other options

23 Nov 2020

ZURICH Private equity firm Elliott Capital Advisors said on Monday it made a non-binding proposal to Aryzta's board of directors on Nov. 18 to acquire all outstanding shares of the Swiss frozen baked goods maker, but Aryzta said discussions with the hedge fund had been concluded in October.

Tricking the taste buds: flavour makers rise to meaty challenge

17 Nov 2020

ZURICH At flavour maker Givaudan's innovation centre near Zurich, veteran chef Sam Brunschweiler serves up a lamb shawarma dish that looks and tastes appropriately meaty but is made from pea protein.

Chocolate maker Barry Callebaut sees recovery after full-year COVID hit

11 Nov 2020

ZURICH Barry Callebaut said on Wednesday that sales volumes recovered in the final quarter after slumping revenue from restaurants and hotels during the COVID-19 pandemic spoiled the picture in its fiscal year to August.

UPDATE 2-Chocolate maker Barry Callebaut sees recovery after full-year COVID hit

11 Nov 2020

ZURICH, Nov 11 Barry Callebaut said on Wednesday that sales volumes recovered in the final quarter after slumping revenue from restaurants and hotels during the COVID-19 pandemic spoiled the picture in its fiscal year to August.

Two men arrested in Switzerland visited Vienna attacker in July: paper

08 Nov 2020

ZURICH The two men arrested in the Swiss town of Winterthur near Zurich last week over possible links to a jihadist shooting attack in Vienna on Nov. 2 visited the attacker in July and he may have visited the Zurich region, Swiss media reported on Sunday.

Richemont bets big on China, partnering Alibaba to invest in Farfetch

06 Nov 2020

ZURICH Richemont said a $1.1 billion partnership with Alibaba to invest in online luxury retailer Farfetch and its new Chinese marketplace would further drive sales in its biggest and fastest growing market.

UPDATE 3-Richemont bets big on China, partnering Alibaba to invest in Farfetch

06 Nov 2020

ZURICH, Nov 6 Richemont said a $1.1 billion partnership with Alibaba to invest in online luxury retailer Farfetch and its new Chinese marketplace would further drive sales in its biggest and fastest growing market.

Nestle shrugs off COVID-19 impact thanks to pet food and health nutrition

21 Oct 2020

ZURICH Nestle raised its guidance for 2020 organic sales growth to around 3% and reaffirmed its ambition to return to mid-single digit growth after strong demand for pet food, coffee and health products boosted quarterly growth. | Video

Nestle CEO says pandemic has made management more hands-on

30 Sep 2020

(This September 29 story refiles to read "stocked" in paragraph six) | Video

Pandemic boosting demand for plant-based foods, Nestle says

29 Sep 2020

KONOLFINGEN, Switzerland Demand for plant-based foods has picked up during the coronavirus crisis as consumers try to eat more healthily and problems at some factories have hit meat supplies, the head of Swiss food giant Nestle said on Monday. | Video

World News

Brexit negotiations restart in person as clock ticks down

Face-to-face negotiations between Britain and the European Union over a trade deal restarted earlier on Saturday as the two sides make a last ditch attempt to reach an agreement with just five weeks to go before their current relationship ends.