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    Export Surge: India Steps Up on Global Stage

    Omkar, Grade 10 student at Canadian International School (CIS), Bangalore.

    CIS Student Omkar Earns Global Recognition with Distinctions in Music and International Violin Performance

    Passenger Demand Grows 4.6% in August

    UPDATE ON ING’S EXIT FROM THE RUSSIAN MARKET

    World leaders show strong support for political declaration on noncommunicable diseases and mental health

    150 students complete Sona Group’s Xccelerator 2.0 Programme powered by Unreal Engine, Dassault

  • National
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    • Economy & Politics
    • Election

    PM to visit Maharashtra on 8-9th October

    Timex India Set to Elevate Fashion Trends as Title Sponsor of 11th Edition of India Beach Fashion Week

    Herbalife India Launches Liftoff® – A Zero Added Sugar Effervescent Drink

    The (NALSA), in collaboration with the (MCPC) of the Supreme Court of India, 90-day “Mediation for the Nation” campaign concludes.

    CIS Student Omkar Earns Global Recognition with Distinctions in Music and International Violin Performance

    Phoenix Mall of Asia, Bengaluru Hosts Spectacular Grand Finale of Phoenix Mega Model Hunt 2025

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    SBI Card Rolls Out Festive Offer 2025 with “Khushiyan Unlimited” campaign

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    Herbalife India Launches Liftoff® – A Zero Added Sugar Effervescent Drink

    Chief Minister Siddaramaiah inaugurated a super specialty hospital in Belgaum.

    Heart Transplant Gives 63-Year-Old Man from Madanapalle a New Lease of Life

    KARNATAKA HEALTH MINISTER DINESH GUNDU RAO LAUNCHES DOCBRELLA.

    Mauritius to Host 2nd International Musculoskeletal Summit (IMS 2.0) 2025

    Cholera vaccination campaign launched in Darfur to protect over 1.8 million people

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    NTT DATA Enhances Salesforce Capabilities with Strategic Acquisition of EXAH

    India’s Best Minds Must Power Defence Innovation for Vision 2047,” says CMD, BEL at CII AeroDef Tech Summit 2025

    150 students complete Sona Group’s Xccelerator 2.0 Programme powered by Unreal Engine, Dassault

    OPPO India launches F31 5G Series: The Best Smartphone for Durability with Smooth and powerful performance

    L&T Technology Services, SiMa.ai Collaborate for Product Innovation in Mobility, Healthcare, Industrial Automation & Robotics

    Apple Koregaon Park opens to customers this Thursday, September 4, in Pune

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    One millionth Volvo plug-in hybrid now on road

    Stellantis and Mistral AI Expand Their Collaboration to Accelerate Enterprise-Wide AI Adoption

    Tata Motors Q2 FY26 Sales

    Toyota Launches Strategic Investment Subsidiary and Woven Capital Fund II to Accelerate Transformation into a Mobility Company

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    ‘India has good, leading swimmers, they just need more of them,’ says legendary swimming coach Michael Bohl

    Bulls tamed in tie-breaker thriller! Puneri Paltan’s all-round performance takes them to top of points table

    Coca-Cola India & ICC Bring Back Maidaan Saaf for the ICC Women’s World Cup 2025

    KHELEGI and FemaleInSports.com Launch ‘KHELEGI Kahaani’ to Celebrate Barrier-Breaking Female Athletes

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    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

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    Timex India Set to Elevate Fashion Trends as Title Sponsor of 11th Edition of India Beach Fashion Week

    COFFEE BOARD CELEBRATES INTERNATIONAL COFFEE DAY WITH ‘WALK WITH COFFEE’ AND KIOSK INAUGURATION

    Made for 10/10 Celebrations: Tata CLiQ Fashion, Tata CLiQ Luxury, and Tata CLiQ Palette announce their flagship festive sale event, 10/10

    TANISHQ WELCOMES CUSTOMERS TO ITS LATEST STORE IN SKY CITY MALL, BORIVALI .

    Passenger Demand Grows 4.6% in August

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Nestlé agrees to sell Yinlu peanut milk and canned rice porridge businesses to Food Wise Co., Ltd.

by FWM
November 25, 2020
in Business
0

Vevey, November 25, 2020

Nestlé today announced that it has agreed to sell its Yinlu peanut milk and canned rice porridge businesses in China to Food Wise Co., Ltd. The deal covers all of Yinlu’s operations, including its five factories in Fujian, Anhui, Hubei, Shandong and Sichuan. Yinlu brands had sales of CHF 700 million in 2019. Both parties have agreed not to disclose the financial terms of the transaction.

Food Wise Co., Ltd., a company controlled by the family of Yinlu founder Chen Qingshui, is well-positioned to enable a smooth transition and ensure the long-term success of that business.

The transaction allows Nestlé to focus on key categories in China: infant nutrition, confectionery, coffee, culinary, dairy and petcare, capitalizing on the company’s strong brands, digital capabilities and innovation engine to drive growth.

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As part of the transaction, Nestlé will retain its ready-to-drink (RTD) Nescafé coffee business and distribute the products across most of the Greater China Region. Nescafé is a strategic growth driver for Nestlé, and the company continues to invest to further strengthen the brand across all channels in the market. The entire Nescafé business in China will be managed by one team, using synergies and strengthening capabilities that will help drive further growth in the business.

Yinlu will continue to manufacture the Nescafé RTD products for Nestlé and will distribute the products in several provinces. Yinlu will continue to manufacture and sell Nestea products under license from Nestlé.

Nestlé is fully committed to the Greater China Region, which offers significant growth opportunities. The Greater China Region is the second largest Nestlé market globally with sales of nearly CHF 7 billion in 2019. Nestlé has invested about CHF 800 million there during the last five years.

The transaction is expected to close by the end of this year.

Tags: Nestle

FWM

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