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KitKat
Swiss food giant Nestle says about 12 tons, or 413,793 candy bars, of its KitKat chocolate brand were stolen after leaving its production site in Italy earlier this week for Poland. The company, based in Vevey, Switzerland, said in a statement on Friday that "the vehicle and its load are still nowhere to be found". The shipment of the crunchy bars, made of waffles covered with chocolate, disappeared last week while en route between production and distribution locations. The chocolate bars were to be distributed throughout Europe. The missing candy bars could enter unofficial sales channels across European markets, the company said, but if this does happen, all products can be traced using the unique batch code assigned to individual bars. A spokesperson for KitKat said that as a result, consumers, retailers and wholesalers would be able to identify if a product is part of the stolen shipment by scanning the on-pack batch numbers. If a match is found, the scanner will be given clea
The number of permanent employees in Nestle India fell 3.8 per cent in FY25, though the maker of Maggi and KitKat increased its capex and is investing in new capabilities and capacities. The total number of on-roll employees of Nestle India was 8,419 in FY25, as compared to 8,736 a year ago. The increase in the median remuneration of employees in last fiscal year was 4.9 per cent. "The median percentage increase made in the salaries of employees other than the managerial personnel was 5.2 per cent while the increase in the remuneration of managerial personnel was 3.5 per cent," said Nestle India. Nestle India, which reported over Rs 20,000 crore sales in FY25, increased capex level from 1.8 per cent of sales in 2015 to 10 per cent of sales in FY25, said its outgoing Chairman Suresh Narayanan, while addressing the shareholders. The maker of Maggi, Nescafe and KitKat has already announced a succession plan, appointing Manish Tiwary as a Director and Managing Director for a five-year