ZURICH, Oct 17 (Reuters) – Food group Nestle announced a new share buyback programme of up to 20 billion Swiss francs ($20.13 billion) and changes to its waters business on Thursday after organic sales growth slowed slightly to 3.7% in the third quarter, from 3.9% in the previous quarter.
Packaged food makers are branching out into new areas like plant-based meat alternatives or products made from all natural ingredients to boost growth in an otherwise sluggish market.
The maker of KitKat chocolate bars, Maggi noodles and vegan burgers also appointed Sanjay Bahadur, currently head of acquisitions and business development, to head a new Group Strategy and Business Development function, it said in a statement.
$1 = 0.9935 Swiss francs
Reporting by Silke Koltrowitz; Editing by Michael Shields
- How to help Black Lives Matter protesters even if you can’t attend in person
- These Mpow wireless sport earphones are on sale for just $12
- Searching Twitter for ‘racist’ shows you President Donald Trump’s account
- Our focus at this turning point
- How to take care of your mental health during the coronavirus, protests and beyond
- Nothing good on Netflix? Try one of these free streaming TV trials
- Global scenes of Black Lives Matter protests, from the US to Europe and Asia
- Alexis Ohanian leaves Reddit board, urges firm to fill seat with black candidate
- COVID-19 Coronavirus Pandemic