Not a very sweet ending that!
Alistair Sykes, Chief Executive of Nestlé UK, said in a statement: “The UK confectionery market is extremely competitive and Nestlé Rowntree must therefore ensure its operations are cost effective.” Now the company wants to invest £20 million to improve production facilities at the plant in Yorkshire, where Aero, KitKat and Milky Bar are also produced. The five-storied Victorian building erected by the Quaker philanthropist Joseph Rowntree is going to be brought down and replaced by a development including residential units. This way, Nestlé can benefit from high real estate prices in York. Not a very sweet ending that!
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Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative

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