Nestle Bulgaria, part of Swiss food and drink processing conglomerate Nestle, inaugurated a production line for its Smarties candy brand in its Sofia chocolate factory, following an investment of 19 million levs ($11.2 million/9.7 million euro), the company said on Tuesday. The investment covers 100 newest-generation machines spread on an area of 4,000 sq m that can produce 2.3 million packages of Smarties by the end of the year for the domestic market as well as export to...

The Coca-Cola Company today announced that it has acquired full ownership of BODYARMOR, a line of sports performance and hydration beverages that is incremental to the Coca-Cola beverage portfolio and has significant potential for long-term growth. In 2018, Coca-Cola initially acquired a 15% stake in BODYARMOR with a path to full ownership, based on a pre-determined discount. Coca-Cola is paying $5.6 billion in cash for the remaining 85% of the company. BODYARMOR will b...

There is nothing better than one waffle, except two waffles. Especially if they are in one package. Almost half of Bulgarians consume sweets every day. This shows a sociological survey of the market last year. And according to another JTN survey conducted in February 2021, confectionery accounts for 12% of households' monthly food budgets. Therefore, it is not surprising that the waffle market is growing from year to year, reaching annual sales of BGN 170 million in 20...

Organic growth reached 7.6%, with real internal growth (RIG) of 6.0% and pricing of 1.6%. Growth was supported by continued momentum in retail sales, steady recovery of out-of-home channels, increased pricing and market share gains. Total reported sales increased by 2.2% to CHF 63.3 billion (9M-2020: CHF 61.9 billion). Foreign exchange reduced sales by 2.0%. Net divestitures reduced sales by 3.3%. Continued progress in portfolio management. On Augus...

Profile   Darina Stoyanova has been the CEO of Prestige-96 since 2014. Prior to that, she worked for Henkel for 14 years. Darina Stoyanova is one of the founders and a member of the board of the "Council of Women in Business in Bulgaria" and the  "Food and Drinks Bulgaria" Association. She graduated in International Economic Relations in the University of National and World Economy.   The company   Prestige-96 compan...