Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Nestlé's Nesquik chocolate drink has been discontinued in South Africa. The Swiss food and beverage manufacturer cited sales decline as the main reason for the decision.
The Citizen reported that Nestlé SA said its popular chocolate powder drink product is no longer selling well in the country. There was a big drop in sales, and with the lower demand, the company had no choice but to remove its Nesquik brand from the market.
Then again, Nestlé assured its South African customers that its other chocolate drink brands are staying. The food and beverage giant will continue the production of its Milo, Hot Chocolate, and Cocoa drinks.
"Nestlé understands that this may disappoint some consumers," the Vevey, Vaud Switzerland-based conglomerate stated. It also assured that the mentioned chocolate drinks are not going anywhere by saying, "These brands have shown remarkable performance and consumer loyalty, making them the focus of Nestlé's efforts to build a healthier and sustainable business for the future."
At any rate, in response to the pull-out of Nesquik from the local market, South Africans expressed their disappointment via social media. Some even associated the discontinuation of Nesquik with doomsday because their favorite childhood will no longer be around. The products to be discontinued are Nestlé's Nesquik chocolate and strawberry in 250 and 500-gram containers.
Meanwhile, in connection with the removal of Nequik from the South African market, News24 also quoted Takudzwa Mupfurutsa, Nestlé East and South Africa's dairy business executive officer, commented, "Delighting consumers is at the core of Nestlé's mission, and we are excited to announce our strategic decision to focus on our key brands. We remain committed to bringing innovation to the Cocoa Malt Beverages category, and we are eager to improve and introduce new products that will be hitting the shelves soon."
Photo by: BrokenSphere/Wikimedia Commons (CC BY-SA 3.0)
