The maker of Nescafé coffee and KitKat chocolate bars increased prices by 8. “We are still in a situation where we’re repairing our gross margin and, like all the consumers around the world, we’ve been hit by inflation and now we’re trying to repair the damage that has been done,” Nestlé CEO Mark Schneider said on a call with reporters Thursday. ”Bompard added that the company would “significantly increase” the share of its private labels to reach 40% of sales over the next three years