January 11, 2018 / 2:11 PM / 8 months ago

Nestle says sells Australian chocolate brand Violet Crumble

ZURICH, Jan 11 (Reuters) - 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 U.S. chocolate business by the end of this week, sources told Reuters. (Reporting by Silke Koltrowitz; Editing by Michael Shields)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below