Nestlé Looks to Sell U. S. Candy Business as Americans Eat Fewer Sweets -<br />By MICHAEL J. de la MERCEDJUNE 15, 2017<br />Nestlé said on Thursday that it was considering a sale of its American candy business, the home of treats<br />that include Gobstoppers, Nerds and Butterfinger and Crunch bars as demand for sweets has fallen off in the United States.<br />Giants in the industry have already pursued ways to cut costs through deal-making, including<br />when Mondelez International — once part of Kraft — unsuccessfully bid for Hershey last year.<br />In a statement, Nestlé said that it remained committed to the American market, where it sells pet food<br />and bottled water, and where it had more than $27 billion in sales across all its businesses last year.<br />And the Swiss company said it would also hold onto its Toll House line of baking goods, declaring it a “strategic growth brand.”<br />Tell us what you think
