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Nestlé Takes Over Mövenpick Ice Cream

January 23, 2003
https://p.dw.com/p/3CLR

Food and drinks giant Nestlé announced on Thursday it is buying the Swiss ice cream brand Mövenpick for an undisclosed amount. The ice cream business is a part of the Mövenpick Group, which produces jams, salmon, coffee, dairy products and operates a chain of hotels and restaurants. Mövenpick ice creams sales worldwide amount to 300 million Swiss francs ($219 million). The sale was triggered by Nestlé’s purchase last year of the Schöller company, which held Germany's license for Mövenpick in Germany -- the ice cream brand's single biggest market.