Swiss food company's lies close up (7)

I believe the answer is:

nestles

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'lies close up' is the definition.
The definition and answer can be both to do with contact as well as being verbs in their -s form.
Maybe they are linked in a way I don't understand?

I cannot understand how the remainder of the clue works.

Can you help me to learn more?

(Another definition for nestles that I've seen is " Snuggles".)

I've seen this clue in The Independent.

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