Nestlé in hot water over infant formula recalls and cost-cutting overhaul; Swiss giant, Vevey HQ, world’s largest food company. #Nestlé
Several confectionery companies, including Nestlé and Hershey's, have announced plans to revert to using real chocolate recipes by 2027. This follows recent drops in cocoa prices and ongoing reformulations due to cost pressures, with some products already shrinking or changing ingredients without immediate price reductions.
Swiss voters have rejected the Swiss People’s Party initiative to cap the country’s population at 10 million by 2050, with roughly 55% voting against and 45% in favour. The measure would have forced stricter asylum and family-reunification rules once population hit 9.5 million and could have ended free movement with the EU if the 10 million limit were breached.
Global personal luxury goods sales are forecast to grow 2%–4% in 2026, reaching about €365–€373 billion. The Americas drive the rebound, with U.S. demand leading growth; China and Europe show uneven recovery amid geopolitical tensions. Experiential luxury and new spending patterns are reshaping the market.
The government has approved work restrictions and waivers affecting SNAP benefits in 23 states, affecting roughly one-third of participants. Sales may fall as shoppers shift to approved items or reduce spending, while major firms monitor changes and adjust product lines. Iowa has codified MAHA’s limits on synthetic dyes and ultra-processed foods in schools and SNAP purchases. Large brands are studying purchasing shifts, with some executives saying modifications have limited immediate impact.