Tedesco

FMCG giant Nestle has sold the Italian biscuit brand Ore Liete to the Swiss snacks firm Tedesco, according to reports in FoodBev and Confectionery News. Ore Liete biscuits were previously under the Perugina umbrella brand at Nestle Italy, and their disposal is said to be part of Nestle’s plan, first announced in March, to turn Perugina into a global brand through a $66 million investment over three years. This strategy …