It's A Wrap For Fantales: Nestle Discontinues Iconic Candy - Sydney Morning Herald
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Nestle (OTC:NSRGY) has decided to discontinue Fantales, the caramel chocolates once popular at movie theaters, due to declining sales and equipment maintenance issues.
June 20, 2023 | 1:18 pm
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Nestle discontinues Fantales candy due to declining sales and equipment maintenance issues, marking the end of an era for the once-popular caramel chocolates.
The discontinuation of Fantales is a negative development for Nestle as it indicates declining sales and equipment maintenance issues. This may have a minor negative impact on the company's revenues and brand image, as Fantales was once a popular product. However, the overall impact on Nestle's stock price is likely to be limited, given the company's diverse product portfolio.
CONFIDENCE 90
IMPORTANCE 40
RELEVANCE 80