January 11, 2018 / 2:20 PM / 9 days ago

Nestle says sells Australian chocolate brand Violet Crumble

ZURICH (Reuters) - Food group Nestle (NESN.S) said on Thursday it was selling its Australian chocolate bar Violet Crumble to local confectionery group Robern Menz for an undisclosed sum.

    Nestle said in a statement it remained committed to manufacturing other confectionery brands, such as KitKat, Milkybar, Allens and Soothers in Australia.

    Nestle is in the middle of a portfolio review as it seeks to get rid of underperforming brands and gear its business more towards health and wellness. It is expected to pick a buyer for its U.S. chocolate business by the end of this week, sources told Reuters.

    Reporting by Silke Koltrowitz; Editing by Michael Shields

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