- Nestle (OTCPK:NSRGY, OTCPK:NSRGF) faces an even larger challenge in the coffee business with Mondelez International (NASDAQ:MDLZ) jumping in with D.E. Master Blenders to form a new formidable rival to the Swiss giant.
- The company was already struggling with decelerating sales growth and copycat sellers in Europe.
- Analysts call the emergence of Jacobs Douwe Egberts a "tectonic" shift in the coffee business. At first glance it looks like Nestle might be sitting on the fault line.
Analysis: New coffee player a giant headache for Nestle
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Symbol | Last Price | % Chg |
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NSRGY | - | - |
Nestlé S.A. |