Nestlé to Enter Traditional (Herbal) Chinese Medicine Market

The world’s biggest food group Nestlé is moving into traditional Chinese medicine by joining forces with Chinese pharmaceutical group Chi-Med, the Swiss group said on Wednesday. The new entity, called Nutrition Science Partners (NSP), is to be owned equally by the two parties, Nestle said, without revealing any of the financials behind the deal. NSP will

China approves Nestlé acquisition of Pfizer baby food business

Swiss food giant Nestlé spent $11.85 billion buying Wyeth –the infant nutrition brand of Pfizer Inc. (NYSE:PFE), the U.S pharmaceutical giant, which has been approved by the China Ministry of Commerce, approved the acquisition last week, and has been confirmed by Nestlé Company. “Although other approvals were still necessary, China was a ‘big one’. It’s