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Europe eats at Nestlé’s confectionery margins as Kit Kat drives growth elsewhere
date:Aug 10, 2012
in other geographies where it reported market share gains.

It said that the chocolate was a key driver behind double-digit growth in Latin America following the launch of Kit-Kat in Brazil.

Nestl also reported growth in its Garoto business in Brazil, which it acquired for $354 million in 2002.

Kit Kat was also said to be strong in the Middle East, India, Japan and even in Europe.

However, Nestl could not rely so heavily on the strength of the Kit Kat brand in the US where it is made under li

12/22 03:08