Nestlé in talks over sale of British ice-cream unit

Nestlé headquarters in Vevey, canton Vaud Keystone

The food giant, Nestlé, is in talks with Richmond Foods over the sale of its British ice-cream business.

This content was published on August 17, 2001 - 08:20

Nestlé's interests in Britain include the Lyons-Maid business it bought nine years ago and also the ice-cream versions of its own confectionary brands like Kit-Kat.

"If successful, the discussions will result in the business being sold to Richmond," said a Richmond company statement. "This will give Richmond the right to manufacture, import, distribute and sell Nestlé's range of ice-cream brands in the UK and Ireland." The statement did not disclose a price.

Richmond has been slowly building up its ice-cream business but still trails behind Britain's market leader Birds Eye Walls that has brands such as Magnum, Cornetto and Carte d'Or.

Nestlé bought into the British ice-cream market in 1992 when it acquired Clarke foods from the receivers for a nominal amount.

Swissinfo with agencies

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.