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Stock impact report

Nestle sells majority Ankerkraut stake to family owners [Yahoo! Finance]

NESTLE S.A S/ADR (NSRGY) 
NASDAQ:AMEX Investor Relations: nestle.com/investors
Company Research Source: Yahoo! Finance
The Swiss food giant described the transfer of its holding back to Ankerkraut's founding family members, Anne and Stefan Lemcke, as “based on a common understanding of Ankerkraut's future needs and positioning”. In a statement yesterday (15 April), Nestlé added: “In view of the changed market situation, both sides are convinced that this decision gives the brand additional entrepreneurial leeway to drive the future development of the company even more flexibly and quickly.” The KitKat maker had acquired the stake in Ankerkraut in 2022 from investors including EMZ Partners, Freigeist Capital and Knälmann Ventures, with the founders then moving to roles as brand ambassadors. The companies have assured “continuity” for staff, business partners and customers. Financial terms of the deal were not revealed. Alexander von Maillot, the CEO of Nestlé's operations in Germany, said: “The decision is in line with Nestlé's ongoing strategic transformation and brand focus, which aims to Show less Read more
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