- Reuters
Nestle's Nescafe to invest $196 million in Brazil by 2026 to tap surging demand
Nestle plans to invest 1 billion reais ($196.5 million) in Brazil by 2026 to expand production capacity and out-of-home sales of its Nescafe lines, targeting younger consumers, executives told Reuters. The Nescafe brand, which was first created in Brazil to sell instant coffee, today has a broader range of products. "We are at a time of expanding consumption of premium coffee, and that is making coffee consumption more sophisticated in Brazil," Valeria Pardal, head of Nestle brand Cafe Nestle, said in an interview.
- Insider Monkey
Reasons for the Decline of Nestle (NSRGY)
The London Company, an investment management company, released “The London Company Large Cap Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During 1Q, U.S. stocks made significant gains due to steady economic growth, decreasing inflation, and a slightly weaker labor market, increasing the likelihood of a soft landing. […]
- InvestorPlace
Furry Tech Boom: 3 Pet Stocks Unleashing the Power of AI
Fortune.com recently reported that artificial intelligence (AI) is helping the pet care industry cope with a chronic veterinary shortage. AI use cases could become far more prevalent for pets than humans in the near term due to fewer impediments such as privacy laws. That’s excellent news for AI pet stocks. Indeed, animal health innovation is accelerating in 2024. As an investor, it pays to be aware of trends in this consistently growing industry. The pet sector came into its own during the pand
