Nestlé acquires majority stake in Brazilian chocolate maker Grupo CRM
Swiss food and beverage giant Nestlé has acquired a majority stake in Brazilian chocolate manufacturer Grupo CRM from the financial investor Advent International, the company said on Thursday.
Grupo CRM has over 1,000 chocolate boutiques under the Kopenhagen and Brasil Cacau brands.
Renata Moraes Vichi would continue leading Grupo CRM as chief executive and remain a minority shareholder.
Laurent Freixe, chief executive of the Latin America region at Nestlé, said, “This acquisition further broadens and strengthens our confectionery presence in Brazil, enabling us to enter the high-end segment.
“Kopenhagen and Brasil Cacau offer premium chocolates that are highly appreciated by Brazilian consumers.”
(dpa/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Health
Zamfara NMA intensifies surveillance against Ebola
He said the NMA has developed an incident action plan to create public awareness about Ebola.
States
Customs seize contraband worth N80 million in Adamawa
The comptroller of the command urged the public to treat security as a collective responsibility.
Abuja
FCT directs health facilities to strengthen Ebola preparedness
Ms Fasawe added that trained burial teams would work with families and religious leaders to ensure safe and dignified burials.
Rights
Africa CDC says global health agencies ‘not interested’ in Bundibugyo Ebola vaccine
The deadly strain has killed over 4,500 people across the DR Congo, Uganda and most recently, Kenya.
Heading 2
FG upgrades Katsina transmission network to boost power supply
The minister said that the project represented practical progress under Mr Tinubu’s administration.
Lagos
Lagos agency seeks stronger laws against digital violence on women
Ms Odekunle warned that online abuse could spread rapidly across multiple platforms.
