Full-Time
Global food and beverage company
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Cleveland, OH, USA
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Bachelor's, Associate's
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Global food and beverage leader with a diverse portfolio that includes dairy, coffee, bottled water, infant nutrition, pet care, frozen foods, and confectionery. It develops, manufactures, and sells products at scale and distributes them through supermarkets, online platforms, and direct-to-consumer channels, supported by an extensive distribution network and ongoing R&D. Its breadth and scale, combined with brand variety and a focus on nutrition and sustainability, help it reach a wide range of markets and customers. The goal is to provide tasty, nutritious foods and beverages to people worldwide while advancing health, well-being, and sustainable practices across its operations.
Company Size
10,001+
Company Stage
IPO
Headquarters
Vevey, Switzerland
Founded
1866
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Health Insurance
Flexible Work Hours
401(k) Retirement Plan
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Bain Capital buys Gong cha bubble tea chain. The private equity firm will assume control of a 2,200-unit global chain, with at least 240 stores in the U.S. Published Aug. 5, 2026 - Updated an hour ago Dive brief: * Bain Capital is buying Gong cha from TA Associates, a private equity firm that purchased the bubble tea chain in 2019, according to a Wednesday press release. * The terms of the transaction were not disclosed, but the deal is expected to close in the fourth quarter. * Gong cha has about 2,200 locations worldwide, including roughly 240 in the U.S. as of March. The chain recently acquired 170 stores from its U.S. master franchisee to strengthen its American operations. Dive insight: Last month, Gong cha signed its largest direct franchising deal ever - a 50-store agreement in Texas - as part of its push to eventually reach 1,000 U.S. units. The brand also recently redesigned its store layouts and added an automated drinks maker as part of its Gong cha 2.0 rollout. That kitchen system, which Gong cha said can shave up to a minute off ticket times, is currently live in 250 stores, according to the press release. These factors have helped the brand establish "a distinctive and globally recognized brand with a loyal customer base and franchisee economics that are among the strongest in the sector," Naofumi Nishi, a partner at Bain Capital said in a statement, adding that the e brand has substantial room to grow both in the Asia-Pacific region and in the Americas. The chain recently overhauled its North American supply chain to help standardize its operations as part of a shift from master franchising agreements to direct franchising relations with operators. Bain Capital is an occasional restaurant acquirer: The private equity giant bought Fogo de Chão in 2023 and backed a clique of investment firms that purchased California Pizza Kitchen last year. Last year saw a significant degree of mergers and acquisitions activity, including purchases by private equity. Last August, Freeman Spogli bought Philz Coffee; TriArtisan Capital led the acquisition of Denny's in November; and private equity firms increased their purchases of restaurant franchisees. Overall M&A activity has continued into 2026. LongRange Capital is buying Pizza Hut's non-China business for $1.5 billion, Nestlé sold Blue Bottle Coffee to Centurium Capital and Roark Capital sold Nothing Bundt Cakes to KKR for $2 billion.
Nestlé ramps up innovation with a new festive Milkybar. Milkybar Caramel Crunch launch: overview. * Nestlé launches Milkybar Caramel Crunch ahead of the Christmas season * New sharing bar combines white chocolate with caramel biscuit pieces * Product aims to deliver festive flavours and seasonal indulgence * Launch follows recent Aero x Milkybar and KitKat innovations * Nestlé continues expanding confectionery portfolio through frequent product development Nestlé's getting into the Christmas spirit with the launch of its latest chocolate bar. Yes, the festive season may still be four months and two seasons away, but that's not stopping the confectionery giant from embracing the most wonderful time of the year! The brand new Milkybar Caramel Crunch features caramel-flavoured white chocolate, with crunchy biscuit pieces inside, and is said to taste like Christmas. "We're excited to bring something new to Milkybar fans this festive season," says a spokesperson for the multinational. "Combining the smooth and creamy white chocolate of Milkybar with crispy caramel biscuit pieces, it offers a delicious mix of creamy and crunchy textures." The launch comes just weeks after the Swiss chocolate maker released an Aero x Milkybar collaboration and two new KitKat sharing bars, showing its ongoing commitment to new product development. The latest addition also highlights Nestlé's focus on innovation, with flavour extensions and limited-edition launches playing an increasingly important role in driving consumer engagement and encouraging shoppers to revisit established brands. And Nestlé's far from alone in launching Christmas products early. Seasonal ranges are appearing on shelves earlier each year as brands compete for visibility during the crucial festive trading period and seek to lock in sales before the holiday rush begins. Meanwhile, for retailers, the launch offers another opportunity to tap into growing festive demand, with seasonal confectionery typically proving popular among consumers looking to get a head start on their Christmas shopping. The product marks the beginning of Nestlé's festive range, with the company promising a "full seasonal line up later in the year".
Nestlé sells half of water business to Platinum Equity. The Peranel joint venture will include Perrier and S. Pellegrino and is valued at approximately $5.6 billion. July 27, 2026. 3:43 PM VEVEY, Switzerland - Nestlé has agreed to sell a 50% stake in its Waters and Beverages business to the private equity firm Platinum Equity for €3 billion, or about $3.4 billion, in cash. The companies will operate the business through a new joint venture, Peranel. The venture is valued at €4.9 billion, or approximately $5.6 billion, including cash and debt. The transaction is expected to close in the first half of 2027, subject to regulatory approvals and other customary closing conditions. Nestlé's water business includes the premium brands Perrier and S.Pellegrino. The transaction is part of the Swiss consumer goods company's broader effort to simplify its portfolio and focus resources on businesses with stronger growth and returns. The deal follows a review of the Waters and Premium Beverages business and marks another step in Nestlé's restructuring under CEO Philipp Navratil. Since taking the position in September, Navratil has focused on reducing costs, streamlining the company's portfolio, and reorganizing operations around four principal categories: coffee, pet care, nutrition, and food. Nestlé is also cutting approximately 16,000 jobs as part of the overhaul. In February, the company announced plans to transfer its remaining ice cream operations to Froneri, the joint venture in which Nestlé retains a 50% stake. The company has also been evaluating options for several brands in its vitamins and supplements portfolio. Nestlé said it expects to sell its mainstream and value-oriented vitamin brands in the first half of 2027. The company anticipates recording a loss of approximately 1.3 billion Swiss francs related to the disposal. The restructuring expenses weighed on Nestlé's first-half earnings. The company reported net profit of 3.47 billion Swiss francs, or approximately $4.26 billion, compared with analysts' expectations of about 5.07 billion francs. Nestlé shares declined sharply following the results. Despite the earnings pressure, organic sales increased 3.7% during the second quarter. Pricing contributed growth of 1.9%, while real internal growth, which reflects changes in sales volume, was 1.8%. Second-quarter sales totaled 21.79 billion Swiss francs, up from 21.63 billion francs in the year-earlier period and slightly ahead of analysts' expectations of 21.71 billion francs. Nestlé's portfolio changes reflect a broader push among major consumer goods companies to simplify their operations. Unilever separated its ice cream business into The Magnum Ice Cream Co. and agreed to combine its food operations with McCormick & Co. Associated British Foods has also announced plans to separate its Primark retail business from its food operations.
Brazil: Nestle invests R$ 540 million in Aracatuba plant. July 27, 2026 Nestle, the global food and beverage company has announced an investment of R$ 540 million ($96 million) in its Aracatuba factory in Sao Paulo by 2028. According to the company, the resources will be allocated to industrial modernisation, operational efficiency gains, incorporating new technologies, and strengthening production capacity. The Araçatuba facility is Nestle Brazil largest factory in terms of net revenue, producing over 180 products, including infant formulas, medical nutrition, and healthy aging lines, primarily for the domestic market, as well as exports to Latin America and the Middle East. The announcement forms part of Nestle broader investment cycle in Brazil from 2025 to 2028. Marcelo Melchior ceo of Nestle Brazil stated: "The Nutrition and Health area represents one of Nestle main growth avenues worldwide, and Brazil occupies a strategic position in this journey. The investment in Araçatuba demonstrates our confidence in the Brazilian operation's ability to produce highly technologically complex foods with the highest quality standards, to meet the needs of consumers in Brazil and other countries". Alongside production, Nestle is expanding its Medical Visit Program to host over 700 healthcare professionals annually starting in 2027. The plant also incorporates sustainability initiatives, including biomethane usage, 100% clean electricity, and biomass heating.
Canada's No Meat Factory closes US plant-based facility, laying off over 120 workers. By Anay Mridul Published on Jul 27, 2026 Last updated Jul 28, 2026 3 Mins Read Canadian plant-based meat startup No Meat Factory has shuttered its $19M facility in Stanwood, US, laying off 123 employees and leaving its British Columbia site as its only production hub. The contraction of the North American plant-based market has brought unprecedented challenges for companies in the sector, from product rationalisation to workforce cutbacks to manufacturing shifts. No Meat Factory is the latest meat alternative maker to feel the effects. The Canadian company is closing its factory in Stanwood, Washington just over two years after its opening, it said in a Worker Adjustment and Retraining Notification (WARN) notice filed with the US state last week. Under the WARN Act, employers are required to provide 60 days' notice before mass layoffs or plant closures affecting 50 or more employees, to give workers time to seek alternative employment or retraining opportunities. No Meat Factory's decision to shut its Washington plant is set to affect 123 employees across multiple departments, including senior leadership, with the layoffs taking effect on September 16. Affected employees include No Meat Factory CEO. No Meat Factory was founded in 2019 by MD Veggie Food founder Dieter Thiem and former ADM executive Leonidas Bell, two experts with over 65 years of combined experience in the plant-based industry at the time. The company manufactures chicken, pork, lamb, beef and fish alternatives for B2B partners, including meatballs, crab cakes, whole-muscle strips, and bacon, as well as whole-food products such as cauliflower burgers and spinach-broccoli popcorn. In early 2023, it closed a $42M Series B funding round, a month before purchasing the 200,000 sq ft Stanwood plant from its previous owner, Twin City Foods, in a $19.4M deal. Twin City Foods, which processes frozen vegetables, had been operating in the city since 1943, but closed the Stanwood site in 2018. In 2023, the Washington state department announced that No Meat Factory would take over the facility, supported by a $200,000 state grant for upgrades. The site features a 55,000 sq ft freezer capacity, processing capabilities for ready-to-cook and ready-to-eat foods, production lines for sausage and deli alternatives, packaging facilities, and pasteurising and co-extrusion capabilities. According to the WARN notice, the employees set to be laid off include 61 production workers, 14 night sanitation technicians and the CEO, Michael Parks. "The company will provide affected employees with information regarding available benefits, final pay, continuation of health coverage, unemployment insurance, and available workforce transition resources," the notice reads. Lack of sales and funding drive closures and layoffs. The US production hub's closure means that the 40,000 sq ft co-manufacturing plant in Coldstream, British Columbia will serve as No Meat Factory's sole facility now. The development reflects a tough landscape for plant-based meat in the US, where year-on-year sales of these products dipped by 10% in retail and 7% in foodservice in 2025. Meanwhile, investment in these startups has fallen off a cliff, from $1.5B in 2022 to just $450M in 2025 (when it witnessed a slight year-on-year increase). The challenges have underscored the wave of consolidation in the alternative protein segment. Since September 2024, more than 80 players involved in this space have been bought out or acquired, merged, fallen into insolvency, or shut down. And 72% of them were focused on plant-based technologies. Apart from No Meat Factory, several other companies have been forced to make cutbacks. Industry giant Beyond Meat, whose stock fell to an all-time low last year, laid off 44 employees in North America (6% of its workforce in the region). Meati Foods came close to the brink before being saved by a $4M takeover, but that followed its dismissal of all 150 employees. This trend can be seen globally, too. Nestlé announced it will let go of 80 employees at its Krupka factory in Czechia, in response to slowing demand for plant-based meat. * Anay Mridul Anay is Green Queen's resident news reporter. Originally from India, he worked as a vegan food writer and editor in London, and is now travelling and reporting from across Asia. He's passionate about coffee, plant-based milk, cooking, eating, veganism, food tech, writing about all that, profiling people, and the Oxford comma. View all posts