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Europe eats at Nestlé’s confectionery margins as Kit Kat drives growth elsewhere
date:Aug 10, 2012
it hopes will overturn its fortunes in the Spanish market.

The company had previously complained of high sugar prices in the EU market.

Last month, Tim Innocent, head of purchasing, direct materials, at Nestl gave evidence at a House of Lords Select Committee in the UK and complained that the EU sugar supply was constrained, leaving the confectionery industry nervous about upcoming sugar reforms.

Kit Kat strength

Despite taking a hit in Europe, Nestl lauded the strength of its Kit Kat brand

12/22 01:16