Skip to content
Search
AI Powered
Latest Stories

Nestle defends presence in Russia saying access to food is fundamental right

The head of Swiss food giant Nestle defended Thursday his company's continued presence in Russia, saying that access to food, in particular for babies, is a fundamental right even in a time of war.

Last month the company was called out by Ukrainian President Volodymyr Zelensky, who addressed a demonstration in Bern via video link, and calls for Nestle to boycott Russia have since multiplied.


Nestle halted its investments in Russia following Moscow's invasion of Ukraine on February 24 as well as exports of products Nespresso coffee capsules and San Pellegrino sparkling water.

But it initially continued to ship basic food items as well as pet food, which following activist pressure it reduced to just essentials like baby food and nutritional products.

"Our priority is ... to ensure the supply of basic food and nutritional products, wherever they are needed," chief executive Mark Schneider said in a taped address to a virtual meeting of Nestle shareholders.

He acknowledged the criticism of the company's continued presence in Russia.

"But even in times of war, we are convinced that values and universal principles should continue to apply," said Schneider.

"As a food company, the fundamental right to access to nourriture is essential to us," he added.

Schneider said the company was not seeking profit in Russia, where it employs 7,000 people, adding that any profit earned there would be donated to humanitarian aid groups.

He said the security of its staff in Ukraine, where it has three factories, is also a top priority for Nestle.

"We are with the Ukrainian people, with our 5,800 collaborators in the country and with the international community in the call to peace," said Schneider.

More for you

Sugro UK partners with Britvic to launch industry-first sample box

Sugro UK partners with Britvic to launch industry-first sample box

Leading wholesale buying and marketing group Sugro UK has collaborated with Britvic Soft Drinks, a global organisation with 39 much-loved brands sold in over 100 countries, to launch a groundbreaking Fast Food Sample Box.

The sample box is specifically designed for ICS UK LTD customers, giving them a unique opportunity to sample and experience new Fast Food soft drinks offerings firsthand.

Keep ReadingShow less
Plant-based ready meal

Plant-based ready meal brand on brink of collapse

British plant-based ready meal maker Allplants has filed a notice of intention to appoint administrators, citing ongoing financial losses, stated recent reports.

Allplants, known as the UK’s largest vegan ready meal brand, has faced mounting losses over recent years. Filing the notice provides the company with a critical window to explore options to avoid liquidation, such as restructuring, refinancing, or negotiating a sale.

Keep ReadingShow less
sottish retail-wholesale

Scottish retail-wholesale figure celebrated at University of Stirling graduation

Entrepreneur and businessperson Stanley Morrice, an influential figure in the retail and wholesale sectors, received an Honorary Doctorate from the University of Stirling at Stirling’s winter graduation held today (22).

Stanley, from Fraserburgh, is being recognised for his services to Scottish food, drink and agriculture. He entered the sector as a school leaver. In 1993, he joined Aberdeen-based convenience stores Aberness Foods, which traded as Mace. He rose to become Sales Director, boosting income by 50 per cent and tripling profits, and went on to be Managing Director, successfully leading the business through a strategic sale to supermarket group Somerfield.

Keep ReadingShow less
consumer cheer
iStock image
iStock image

Consumers cheer up as Budget nerves lift: GfK

British consumers have turned less pessimistic following the government's first budget and the US presidential election and they are showing more appetite for spending in the run-up to Christmas, according to a new survey.

The GfK Consumer Confidence Index, the longest-running measure of British consumer sentiment, rose to -18 in November, its highest since August and up from -21 in October which was its lowest since March.

Keep ReadingShow less
Retail Sales
Photo: iStock

Retail sales take bigger-than-expected hit in October

British retail sales fell by much more than expected in October, according to official data that added to other signs of a loss of momentum in the economy in the run-up to the first budget of prime minister Keir Starmer's new government.

The Office for National Statistics (ONS) said sales volumes have fallen by 0.7 per cent in October. A Reuters poll of economists had forecast a monthly fall of 0.3 per cent in sales volumes from September.

Keep ReadingShow less