Nestlé Is Looking to Sell Its U.S. Candy Business
Nothing satisfies our sweet tooth quite like an old-fashioned candy bar; just one bite of a Hershey's or Kit Kat transports us right back to our childhood. Unfortunately, some of our favorite chocolate bars might be in danger, as Nestlé has announced it's considering selling its U.S. confectionery business.
The Swiss chocolate company, which is responsible for iconic brands such as Butterfinger, Baby Ruth, 100 Grand and Crunch, is exploring "strategic options," including potentially selling the company.
Though the company hasn't confirmed the reason for the potential sale, we can assume it might have something to do with sales being down since Americans are making healthier snack choices. In a recent press release, Nestlé referred to its U.S. numbers as "disappointing," and said that the business was "impacted by the competitive environment and low growth in the mainstream chocolate market."
The company is hoping to close a deal by the end of the year, so you might want to stock up on your favorite bars while they're still available.
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