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Nestlé is launching a new product under its Purina PetCare line, which owns six billionaire brands, including Friskies and Purina One, as the consumer goods company doubles down on its “big bets.”
The pet food category boomed as pet ownership rose during the COVID-19 pandemic, and Nestlé has emerged as one of the biggest winners. Its PetCare range has been the biggest contributor to organic sales growth for the last few years, posting double-digit growth even as the company has tussled with high costs and consumers’ tight budgets.
Its products are already available in major retailers like Walmart and Costco in the States, and Tesco in the U.K. They’re also available in specialty pet food stores. Purina’s new jelly-like food available only in a select few stores now in the U.S., will be available across all mass retailers.
Source: FORTUNE
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