Nestlé New Zealand to sell confectionary brands to Australia’s Quadrant Private Equity

By Galia Ilan

The Swiss food and beverage giant, Nestlé, has announced that it’s New Zealand business will be selling some of its confectionary brands.

The brands will be sold to Australia’s Quadrant Private Equity, including Mackintosh, Heards, Black Knight, Fabulicious Red Licorice, Life Savers, and Oddfellows.

“Following a review of Nestle’s confectionery business in Australia and New Zealand, Nestle is looking to focus on its major chocolate, baking and medicated lozenge brands in New Zealand,” Nestlé announced in a statement.


The firm agreed on the deal, the value of which has not been disclosed, in a bid to simplify its portfolio.

Due to the sale, up to 55 positions out of a total of 270 could be lost at the Wiri factory.

The reduction of jobs would see Nestlé reduce its total output to focus on culinary brands.


Featured Articles

Create C-suite space for the Chief Transformation Officer

Responsible for driving growth and change, the Chief Transformation Officer is the latest addition to the C-suite as business undergoes major change

12 AI predictions for the enterprise in 2023 – Dataiku

With 2023 likely to be a huge year for AI, experts from AI platform provider Dataiku deliver their enterprise AI and ML trends for the year ahead

Welcome to the new breed of private members' clubs

The pandemic has given birth to a new breed of private members’ clubs where work and play merge, membership and spaces are curated, and community matters

Welcome to the New Age of the CISO

Leadership & Strategy

Making the UAE the world’s strongest digital fortress


World Mental Health Day – 10 apps to improve wellbeing

Leadership & Strategy