“This will strengthen our presence not just in New Zealand, but more broadly across the region, with the Go Healthy brand which is already present in Australia, China, Singapore, South Korea and Vietnam, and the globally known Egmont brand,” Chappell said.
“This range of strong brands will take us well beyond our traditional food and beverage business and solidify our position in nutrition, health and wellness, while underscoring our commitment to New Zealand.”
Now, Nestle has confirmed a review is underway, with a spokesperson saying options would be assessed to best position the business for future success.
“Until the review is concluded, there is no certainty on the outcome or timing, and we will not comment on speculation,” the Nestle spokesperson said.
“The business continues to operate as usual, with a continued focus on serving customers, supporting employees, and meeting all contractual obligations.”
Nestle confirmed that around 220 employees work across The Better Health Company.
When asked by the Herald if the review was a result of the business underperforming, the spokesperson referred to their original statement.
Nestle has already sold part of The Better Health Company.
In late 2024 it sold Egmont Honey to Beijing-based Huatai International Private Equity Fund.
Nestle said at the time that Egmont Honey was “no longer a strategic fit for our business”.
“Egmont Honey, which we acquired with our acquisition of The Better Health Company in 2022, is the fastest growing manuka honey company globally and has had impressive growth over the past two years. We wish Egmont Honey all the best for future growth and success.”
Nestle’s New Zealand arm reported a $37.6m loss in its most recent financial result for the year ended December 31, 2025.
Revenue for the company fell from $664.1m in 2024 to $640.9m in 2025, with the business reporting an operating loss of $16.1m.
Tom Raynel is a multimedia business journalist for the Herald, covering small business, retail and tourism.
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