Nestlé S.A. (: French

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 1

Nestlé S.A.

 (/ˈnɛsleɪ, -li, -əl/;[citation needed] French: [nɛsle]) is a Swiss multinational food and drink


processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It is the largest
food company in the world, measured by revenue and other metrics, since 2014.[4][5][6][7][8] It ranked No.
64 on the Fortune Global 500 in 2017[9] and No. 33 in the 2016 edition of the Forbes Global 2000 list
of largest public companies.[10]
Nestlé's products include baby food, medical food, bottled water, breakfast cereals, coffee and tea,
confectionery, dairy products, ice cream, frozen food, pet foods, and snacks. Twenty-nine of Nestlé's
brands have annual sales of over 1 billion CHF (about US$1.1 billion),
[11]
 including Nespresso, Nescafé, Kit Kat, Smarties, Nesquik, Stouffer's, Vittel, and Maggi. Nestlé has
447 factories, operates in 189 countries, and employs around 339,000 people.[12] It is one of the main
shareholders of L'Oreal, the world's largest cosmetics company.[13]
Nestlé was formed in 1905 by the merger of the "Anglo-Swiss Milk Company", established in 1866
by brothers George and Charles Page, and "Farine Lactée Henri Nestlé", founded in 1867 by Henri
Nestlé.[14] The company grew significantly during the First World War and again following the Second
World War, expanding its offerings beyond its early condensed milk and infant formula products. The
company has made a number of corporate acquisitions, including Crosse & Blackwell in
1950, Findus in 1963, Libby's in 1971, Rowntree Mackintosh in 1988, Klim in 1998, and Gerber in
2007.
The company has been associated with various controversies, facing criticism and boycotts over its
marketing of baby formula as an alternative to breastfeeding in developing countries (where clean
water may be scarce), its reliance on child labour in cocoa production, and its production and
promotion of bottled water.

You might also like