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Silke Koltrowitz

Nestle more upbeat than rivals as pet lovers prop up sales

30 Jul 2020

ZURICH Nestle struck a more optimistic note than peers on Thursday, forecasting 2-3% underlying sales growth this year as demand for high-end pet food and health products helped it eke out growth in the second quarter.

Lindt's chocolate sales hit by lockdowns, sees slow recovery

21 Jul 2020

ZURICH Swiss chocolate maker Lindt & Spruengli expects a slow recovery in sales from the impact of the coronavirus crisis, before they bounce back next year, the company said on Tuesday.

Givaudan profit up as consumers stock up on snacks, household goods

21 Jul 2020

ZURICH Givaudan said the COVID-19 pandemic boosted demand for soap and packaged snacks, driving the fragrance and flavour maker's sales and profit in the first half and enabling it confirm its guidance.

Swatch Group free to supply watch movements, says Swiss watchdog

15 Jul 2020

ZURICH Swatch Group will be free to supply mechanical watch movements wherever it wants, but won't be allowed to abuse its dominant market position by undercutting rivals' prices, Swiss competition watchdog WEKO said on Wednesday.

UPDATE 2-Swatch Group suffers its first half-year loss, hopeful for rebound

14 Jul 2020

ZURICH, July 14 Swatch Group, the world's biggest watchmaker, reported its first ever half-year loss on Tuesday but founder and CEO Nick Hayek said he looked forward to a quick rebound from the COVID-19 pandemic.

WHO warns that coronavirus crisis may get 'worse and worse and worse'

13 Jul 2020

GENEVA/ZURICH The new coronavirus pandemic raging around the globe will worsen if countries fail to adhere to strict healthcare precautions, the World Health Organization (WHO) warned on Monday. | Video

WHO warns that coronavirus crisis may get 'worse and worse and worse'

13 Jul 2020

GENEVA/ZURICH The new coronavirus pandemic raging around the globe will worsen if countries fail to adhere to strict healthcare precautions, the World Health Organization (WHO) warned on Monday.

Swiss chocolate maker Barry Callebaut confident of rebound

09 Jul 2020

ZURICH Swiss chocolate maker Barry Callebaut raised its sales forecast for the next three years on Thursday on expectations that demand from major food companies would recover quickly even if restaurants and bakeries continued to struggle.

Coming soon to a 3D printer near you: Plant-based steaks

01 Jul 2020

TEL AVIV/ZURICH Israeli start-up Redefine Meat plans to launch 3D printers to produce plant-based steaks mimicking real beef next year in a bid for a slice of the fast-growing alternative meat market. Meat substitutes are increasingly popular with consumers concerned about animal welfare and the environment, boosting sales at Beyond Meat , Impossible Foods and Nestle . Redefine Meat, based in Rehovot, south of Tel Aviv, will first market test its "Alt-Steak" at high-end restaurants this year before rolling out its industrial-scale 3D printers to meat distributors in 2021. "You need a 3D printer to mimic the structure of the muscle of the animal," CEO Eshchar Ben-Shitrit told Reuters. | Video

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