ADVFN - Advanced Financial Network.
HOME» NASDAQ » J » JMBA Stock Price » JMBA Stock News

Jamba Share News

 Jamba (mm) Stock Price
JMBA Stock Price
 Jamba (mm) Stock Chart
JMBA Stock Chart
 Jamba (mm) Stock News
JMBA Stock News
 Jamba (mm) Company Information
JMBA Company Information
 Jamba (mm) Stock Trades
JMBA Stock Trades

Nestle, Jamba Close To Renewing US Fruit Energy Drinks Tie-Up

By Katharina Bart Of DOW JONES NEWSWIRES ZURICH -(Dow Jones)- Nestle SA (NESN.VX) said Tuesday that it is close to renewing a cooperation with U.S.-based smoothies maker Jamba Juice Inc. (JMBA) over fruit-based energy drinks, an attempt to compete with other caffeinated beverages such as Red Bull. The Vevey, Switzerland-based food and beverage firm didn't disclose the financial terms of the partnership, which plans to sell energy drinks with natural caffeine under the Nestle-Jamba brand in the northeastern U.S. from next year. Nestle's potential deal with Jamba follows the purchase of drinks manufacturer Vitality Foodservice nearly one year ago, for an undisclosed price. "Nestle Jamba All-Natural Energy Drinks will allow retailers to capitalize on the growing trend of consumers seeking more health-oriented, fruit-based natural beverages that provide quick energy without all the artificial ingredients," Rob Case, Nestle's head of beverages, said in a statement. While small for Nestle, which reported first-half sales of 55.34 billion Swiss francs ($56.47 billion), Jamba could serve up a new consumer segment for the Swiss company, independent food industry analyst James Amoroso said. "Time will tell, but it's a potential new segment; it makes an awful lot of sense to have something natural and good for you--I think that's quite clever," Amoroso said. Nestle shares were little-changed following the news, analysts with Zuercher Kantonalbank said because the potential deal "won't move the needle" for Nestle. At 1436 GMT, Nestle stock was up CHF0.40, up 0.8%, at CHF52.55, in an overall higher broader Swiss blue-chip market. -By Katharina Bart, Dow Jones Newswires; +41 43 443 8043; katharina.bart@dowjones.com

Stock News for Jamba (JMBA)
DateTimeHeadline
07/29/201508:30:00Jamba, Inc. Posts Update on Refranchising Initiative
07/28/201516:01:00Jamba Juice Announces Completion of Refranchise Agreement with...
07/13/201517:26:01Current Report Filing (8-k)
07/13/201509:15:00Jamba Juice And ClassPass Team Up With Venus Williams To Debut...
07/09/201516:34:17Statement of Changes in Beneficial Ownership (4)
07/09/201508:30:00Jamba Juice to Launch Fourth Market in Asia with new Master Franchise...
07/07/201517:29:19Current Report Filing (8-k)
07/06/201513:50:00Jamba Juice Makes The Move To Zimmerman
06/25/201512:23:00Bruegger's Bagels And Jamba Juice To Open Co-Branded Stores
06/19/201517:05:36Statement of Ownership (sc 13g)
06/15/201516:41:45Current Report Filing (8-k)
06/15/201509:00:00Jamba Juice Continues its International Expansion with New Master...
06/04/201517:38:32Statement of Changes in Beneficial Ownership (4)
06/02/201517:13:05Statement of Changes in Beneficial Ownership (4)
05/28/201516:22:51Statement of Changes in Beneficial Ownership (4)
05/26/201517:25:58Current Report Filing (8-k)
05/26/201508:30:00Jamba, Inc. Continues Move to Asset-Light Model with Refranchising...
05/18/201517:18:00Jamba, Inc. to Attend the 12th Annual Craig-Hallum Institutional...
05/15/201516:50:26Amended Statement of Changes in Beneficial Ownership (4/a)
05/15/201516:49:59Amended Statement of Beneficial Ownership (sc 13d/a)

Jamba and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad