Consumer
Nestle Will Lift Coffee Prices, Shrink Bags as Beans Get Pricier
- New CEO seeks to restore growth and increase profitability
- New tech allows group to get more coffee out of each bean
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The world’s biggest coffee maker, Nestle SA, will continue raising prices and make packs smaller to limit the impact of higher bean prices on its bottom line.
The Nescafe and Nespresso maker will also lean into soluble and capsule coffees, said David Rennie, head of coffee brands, at the company’s capital markets day on Tuesday. The commodity represents a lower proportion of the overall price in that segment.