Nestle looks to premium chocolate

|About: Nestle S.A. ADR (NSRGY)|By:, SA News Editor

Nestle (NSRGY, NSRGF) is looking to dive into high-end chocolate, as a way to increase growth for its confectionery business. Still, CEO Paul Bulcke describes the move as his "small intimate frustration."

The question will be if the company will build the business internally, or look for an outside acquisition. Nestle sold $8.39B of chocolate in 2013, about 8% of the group's sales.

The company has been rapidly expanding its product lines, and Bulcke forecasts the company will be able to achieve 5% organic growth this year.