Coffee brand takeover

NEstLE has bought texasbased firm Chameleon ColdBrew as the food group seeks to bolster its coffee business.

the maker of Nescafe and Nespresso claimed Chameleon is the leading organic cold- brew brand in the United states. Nestle is trying to reignite slowing sales by buying small independent brands that appeal to younger consumers.

Packaged food rivals across the sector are taking similar steps.