Nestlé might part ways with your favorite candy bars
How will your favorite candies change with this sale?
The INSIDER Summary:
- Nestlé is considering a sale of its US confectionery business.
- This would affect popular candy bars like Kit Kat, Crunch bars, Butterfingers, Baby Ruth and more.
- Nestlé's CEO said the company is "readying" itself for mergers and acquisitions of its portfolio.
Halloween may be four months away, but we're already worried about the contents of our trick-or-treat bags. Swiss food giant Nestlé said that the company is considering options to sell off its US confectionery business. This would include a sale of popular chocolate brands like Kit Kat, Crunch bars, Butterfingers, Baby Ruth, and 100 Grand, as well as non-chocolate candies like SweeTarts, LaffyTaffy, Nerds, and Gobstoppers. Don't worry, Toll House baked goods are safe for now.
"Nestlé will explore strategic options for its U.S. confectionery business, including a potential sale," the company said in a media statement.
The company has yet to find a buyer, but that means the fate of our favorite candy bars is still up in the air.
Since Nestlé hired brand new CEO, Mark Schneider, in February, the company seems to be leaning more toward more nutritious products. Candy still sells, but people are increasingly becoming more aware of what they put into their bodies.
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