Nestle announced plans to invest at least CNY100 million to build a coffee center in China, aiming to improve coffee consumption in the Chinese market.
Hsu Fu Chi
World's leading food and beverage company Nestle announced plans to establish two new research and development organizations in China.
Swiss food and beverage firm Nestle recently published its financial report for the third quarter of 2012, stating that during the first three quarters of 2012, the company's sales reached CHF67.6 billion, a year-on-year increase…
Chinese candy maker Hsu Fu Chi International has published a report via the Singapore Exchange, stating that the Ministry of Commerce of China has approved Nestle's acquisition of a 60% stake in Hsu Fu Chi.
Nestle has signed an agreement with the founding family of Hsu Fu Chi International to acquire a 60% in the Chinese food company for USD1.7 billion.