A woman walks by Hsu Fu Chi snacks in a supermarket in Shenyang in northeast China’s Liaoning province on July 5, 2011. Photo: EPA

Nestle to weigh US$1 billion sale of local Chinese brands Hsu Fu Chi and Yinlu

  • The firm is reviewing its ownership of confectionery brand Hsu Fu Chi and Yinlu, known for its ready-made Chinese porridge, say people familiar with the matter
  • Nestle acquired both in 2011, seeking to tap burgeoning demand in China, only to find itself confronted with sluggish growth a few years later
Topic |   Food and agriculture

TOP PICKS

A woman walks by Hsu Fu Chi snacks in a supermarket in Shenyang in northeast China’s Liaoning province on July 5, 2011. Photo: EPA
READ FULL ARTICLE