Nestlé has sold its 40% stake in the Herta charcuterie business to Casa Tarradellas, giving full control to the Spanish food company. The Swiss food giant formed a partnership with Barcelona-based Casa Tarradellas in 2019 when the KitKat maker divested 60% of Herta to the group. In a brief statement today (23 December), Nestlé said the joint venture has come to an end. The financial terms for the sales of the remaining stake were not disclosed. As well as charcuterie marketed in Europe, the venture als ...

Core Viewpoint - The company is conducting a continuous portfolio review and has decided to sell the Dickies brand due to an attractive inbound offer from Bluestar, despite previously not planning to sell it [1]. Group 1 - The portfolio review is an ongoing process conducted annually by the company [1]. - The decision to sell Dickies was influenced by an unexpected attractive offer from Bluestar [1]. - The company has a diverse brand portfolio and is evaluating which brands strategically fit within its overall strategy [1].