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Business & Finance

Nestle says sells Australian chocolate brand Violet Crumble

Published January 11, 2018 Updated January 11, 2018 08:16pm
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By Shoaib Ur RehmanReuters
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ZURICH: Food group Nestle 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 US chocolate business by the end of this week, sources told Reuters.

 

Copyright Reuters, 2018
 

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