Nestle CEO Says Nespresso Faces ‘Quite a Lot of Competition’
2015-01-23 18:46:52.796 GMT
By Corinne Gretler
(Bloomberg) -- “We have a margin that allows us to
continue to invest in the business,” Nestle CEO Paul Bulcke
said at a panel at World Economic Forum in Davos.
* Bulcke declined to comment on Nespresso’s profit margins
* “If we cannot be competitive in a product, we shouldn’t be
in there": Bulcke
* Nespresso pays 30%-40% above market price for coffee as it
uses narrow selection of beans: Bulcke
Link to Company News:{NESN VX <Equity> CN <GO>}
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To contact the editor responsible for this story:
Corinne Gretler at +41-44-224-4100 or
cgretler1@bloomberg.net
2015-01-23 18:46:52.796 GMT
By Corinne Gretler
(Bloomberg) -- “We have a margin that allows us to
continue to invest in the business,” Nestle CEO Paul Bulcke
said at a panel at World Economic Forum in Davos.
* Bulcke declined to comment on Nespresso’s profit margins
* “If we cannot be competitive in a product, we shouldn’t be
in there": Bulcke
* Nespresso pays 30%-40% above market price for coffee as it
uses narrow selection of beans: Bulcke
Link to Company News:{NESN VX <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Corinne Gretler at +41-44-224-4100 or
cgretler1@bloomberg.net