Nestle official predicts a difficult year

12/14/2009 | Bloomberg

David Rennie, head of Nestle's U.K. confectionery business, expects the U.K. chocolate market to be stagnant in 2010 as cocoa prices approach a 30-year high. "What's going to be tough is a cost basis increasing dramatically, and that's going to put pressure on our business," he said.

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