nestlé s. a.

 

  • [citation needed] • 1877: Anglo-Swiss added milk-based baby foods to its products; in the following year the Nestlé Company added condensed milk to its portfolio, which made
    the firms direct rivals.

  • There were two major acquisitions in North America, both in 2002 – in June, Nestlé merged its US ice cream business into Dreyer’s, and in August, a US$2.6 billion acquisition
    was announced of Chef America, the creator of Hot Pockets.

  • [75] In April 2021, Nestlé agreed to purchase the vitamin manufacturing Bountiful Company, formerly known as The Nature’s Bounty Co., for $5.75 billion, noting as well that
    much of the company’s growth that quarter came from “vitamins, minerals, and supplements that support health and the immune system”.

  • The 1920s saw Nestlé’s first expansion into new products, with chocolate-manufacture becoming the company’s second most important activity.

  • [32] In January 2006, it took full ownership of Dreyer’s, thus becoming the world’s largest ice cream maker, with a 17.5% market share.

  • Type: Public (Swiss SA/AG); Traded as: SIX: NESN; ISIN: CH0038863350; Industry Food processing; Founded: 1866; 157 years ago (for the Anglo-Swiss Condensed Milk Company branch);
    Founder: Henri Nestlé (for the Farine Lactée Henri Nestlé branch); Headquarters: Vevey, Vaud, Switzerland; Area served: Worldwide; Key people: Paul Bulcke[1] (Chairman), Ulf Mark Schneider[1] (CEO), David McDaniel[2] (CFO); Products: Baby
    food, coffee, dairy products, breakfast cereals, confectionery, bottled water, ice cream, pet foods (list…); Revenue: SFr 87.10 billion (2021)[3]; Operating income: CHF12.16 billion (2021)[3]; Net income: CHF17.20 billion (2021)[3]; Total
    assets: CHF139.14 billion (2021)[3] Total equity: CHF53.73 billion (2021)[3]; Number of employees: 276,000 (2021)[3] Subsidiaries: Cereal Partners Worldwide (50%) History 1866–1900: Founding and early years Henri Nestlé (1814–1890), a German-born
    Swiss confectioner, was the founder of Nestlé and one of the main creators of condensed milk.

  • [71] On 16 February 2021, Nestlé announced that it had agreed to sell its water brands in the US and Canada to One Rock Capital Partners and Metropoulos & Co.

  • [25] The First World War created demand for dairy products in the form of government contracts, and, by the end of the war, Nestlé’s production had more than doubled.

  • The sale was to form part of a broader US$39.3 billion offer by Novartis for full acquisition of the world’s largest eye-care company.

  • [68] In 2019, the company announced that it would publish Nutri-Score on all of its products sold in the European countries that supported the nutritional label.

  • It is the largest publicly held food company in the world, measured by revenue and other metrics, since 2014.

  • [15] The company grew significantly during the World War I and again following World War II, expanding its offerings beyond its early condensed milk and infant formula products.

  • [22][23] An earlier alliance in 1904 between Peter and Nestlé also allowed the production of milk chocolate in the United States, at the Fulton plant.

  • [33] In July 2007, completing a deal announced the year before, Nestlé acquired the Medical Nutrition division of Novartis Pharmaceutical for US$2.5 billionand also acquiring
    the milk-flavoring product known as Ovaltine, the “Boost” and “Resource” lines of nutritional supplements, and Optifast dieting products.

  • [104] In 2014, the company opened the Nestlé Food Safety Institute (NFSI) in Beijing that will help meet China’s growing demand for healthy and safe food, one of the top three
    concerns among Chinese consumers.

  • In a statement, Nestlé wrote that it was “delivering results” and listed actions it had taken, including investing in key brands and its global coffee partnership with Starbucks.

  • In the same time-frame, Nestlé entered in a joint bid with Cadbury and came close to purchasing the American company Hershey’s, one of its fiercest confectionery competitors,
    but the deal eventually fell through.

  • [47] In February 2014, Nestlé sold its PowerBar sports nutrition business to Post Holdings, Inc.[48] Later, in November 2014, Nestlé announced that it was exploring strategic
    options for its frozen food subsidiary, Davigel.

  • [70] Also during that year, Nestlé announces that the company wants to invest in plant-based food, starting with a “tuna salad” and meat-free products to engage and reach
    younger and vegan consumers.

  • [27] Ironically, the war helped with the introduction of the company’s newest product, Nescafé (“Nestlé’s Coffee”), which became a staple drink of the US military.

  • In 1999, two years after he left Nestlé, Hussain released a report in association with the non-profit organisation, Baby Milk Action, in which he alleged that Nestlé was encouraging
    doctors to push its infant formula products over breastfeeding.

  • [119] Also on 5 June, the Food Standards Agency of the United Kingdom launched an investigation to test levels of lead in Maggi.

  • [63] Nestlé set a new profit target in September 2017 and agreed to offload over 20 of its US candy brands in January 2018.

  • [84] • Sales per category in CHF[85][13] o 20.3 billion powdered and liquid beverages o 16.7 billion milk products and ice cream o 13.5 billion prepared dishes and cooking
    aids o 13.1 billion nutrition and health science o 11.3 billion pet care o 9.6 billion confectionery o 6.9 billion water • Percentage of sales by geographic area breakdown[85][13] o 43% from Americas o 28% from Europe o 29% from Asia, Oceania
    and Africa According to a 2015 global survey of online consumers by the Reputation Institute, Nestlé has a reputation score of 74.5 on a scale of 1 to 100.

  • [53] The company announced a $20.8 billion share buyback in June 2017, following the publication of a letter written by Third Point Management founder Daniel S. Loeb, Nestlé’s
    fourth-largest stakeholder with a $3.5 billion stake,[54] explaining how the firm should change its business structure.

  • 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.

  • The first of the research hubs, Nestlé Skin Health Investigation, Education and Longevity Development (SHIELD) centres, will open mid 2015 in New York, followed by Hong Kong
    and São Paulo, and later others in North America, Asia, and Europe.

  • [79] In May 2022, it was announced Nestlé’s Health Science unit had acquired the Brazilian organic, natural, plant-based food maker Puravida.

  • The sale, expected to conclude in spring, would include the spring water and mountain brands, the purified water brand and the delivery service.

  • [39] On 1 March 2010, Nestlé concluded the purchase of Kraft Foods’s North American frozen pizza business for US$3.7 billion.

  • [49] In December 2014, Nestlé announced that it was opening 10 skin care research centres worldwide, deepening its investment in a faster-growing market for healthcare products.

  • Although the tests have yet to take place, Nestlé has already destroyed 400 million packets of Maggi products.

  • The following year, Daniel Peter began seven years of work perfecting the milk chocolate manufacturing process.

  • It also holds a minority stake in Vital Foods, a New Zealand-based company that develops kiwifruit-based solutions for gastrointestinal conditions as of 2012.

  • [151][152][153][154] However, the company allegedly repeated these same marketing practices in developing countries like Pakistan in the 1990s.

  • “[124] Although Nestlé was not ordered to pay the fine sought in the government’s suit, the court ruled that the Maggi noodle producers must “send five samples from each batch
    of Maggi [noodles] for testing to three labs and only if the lead is found to be lower than permitted will they start manufacturing and sale again.”

  • Nestlé’s origin dates back to the 1860s, when two separate Swiss enterprises were founded that would later form Nestlé.

  • [121] As of August 2015, India’s government made public that it was seeking damages of nearly $100 million from Nestlé India for “unfair trade practices” following the June
    ban on Maggi noodles.

  • [45] Another recent purchase included the Jenny Craig weight-loss program, for US$600 million.

  • [55] In 2016, Nestlé and PAI Partners establish a joint venture, Froneri, to combine the two companies’ ice cream activities throughout Europe and other international countries.

  • Since 2010, Nestlé has been working to transform itself into a nutrition, health and wellness company in an effort to combat declining confectionery sales and the threat of
    expanding government regulation of such foods.

  • [80] In May 2022, Nestle was sending baby formula supplies to the U.S. from European air bases to ease the 2022 United States infant formula shortage.

  • [62] In May 2018, it was announced that Nestlé and Starbucks struck a $7.15 billion distribution deal, which allows Nestlé to market, sell and distribute Starbucks coffee
    globally and to incorporate the brand’s coffee varieties into Nestlé’s proprietary single-serve system, expanding the overseas markets for both companies.

  • In April 2007, returning to its roots, Nestlé bought US baby-food manufacturer Gerber for US$5.5 billion.

  • [26] Aleppo Nestlé building Tilal street 1920s After the World War I, government contracts dried up, and consumers switched back to fresh milk.

  • [132][133] The product did not return to market, while Nestle continues to sell seasoning products including the popular Maggi Magic Sarap.

  • In the following decades, the two competing enterprises expanded their businesses throughout Europe and the United States.

  • [64][65] In September 2018, Nestlé announced that it would sell Gerber Life Insurance for $1.55 billion.

  • [99] Food safety Milk products and baby food Main article: 2008 Chinese milk scandal In late September 2008, the Hong Kong government found melamine in a Chinese-made Nestlé
    milk product.

  • [60] In September 2017, Nestlé USA agreed to acquire Sweet Earth, a California-based producer of plant-based foods, for an undisclosed sum.

  • [144] Controversies and criticisms Baby formula marketing Main article: Nestlé boycott Concern about Nestlé’s “aggressive marketing” of their breast milk substitutes, particularly
    in less economically developed countries (LEDCs), first arose in the 1970s.

  • [17][18] • 1867: In Vevey, Switzerland, Henri Nestlé developed milk-based baby food and soon began marketing it.

  • The NFSI announced it would work closely with authorities to help provide a scientific foundation for food-safety policies and standards, with support to include early management
    of food-safety issues and collaboration with local universities, research institutes and government agencies on food-safety.

  • In May 2011, nineteen Laos-based international NGOs, including Save the Children, Oxfam, CARE International, Plan International, and World Vision launched a boycott of Nestlé
    with an open letter.

  • [125][needs update] In India, Maggi products were returned to the shelves in November 2015,[126][127] accompanied by a Nestlé advertising campaign to win back consumer trust,
    featuring items such as[128] the Maggi anthem by Vir Das and Alien Chutney.

  • Due to lockdowns, people bought more packaged foods, not only coffee and dairy products, but also pet products, which increased the company’s sales.

  • [42][43][44] 2012–present: Recent developments In recent years, Nestlé Health Science has made several acquisitions.

  • On 2 October 2008, the Taiwan Health ministry announced that six types of milk powders produced in China by Nestlé contained low-level traces of melamine, and were “removed
    from the shelves”.

  • [46] In February 2013, Nestlé Health Science bought Pamlab, which makes medical foods based on L-methylfolate targeting depression, diabetes, and memory loss.

  • [55] Consequently, the firm will reportedly focus investment on sectors such as coffee and pet care and will seek acquisitions in the consumer health-care industry.

  • [122] The 6.4 billion rupee (approximately US$93 million) suit was filed with the National Consumer Disputes Redressal Commission (NCDRC), regarded as the country’s top consumer
    court, but was settled on 13 August 2015.

  • [138] Sports Nestlé’s sponsorship of the Tour de France began in 2001 and the agreement was extended in 2004, a move which demonstrated the company’s interest in the Tour.

  • [citation needed] This led to a boycott which was launched in 1977 in the United States and subsequently spread into Europe.

  • [81] Corporate affairs and governance Nestlé is the biggest food company in the world, with a market capitalisation of roughly 231 billion Swiss francs, which is more than
    US$247 billion as of May 2015.

  • [52] In July, a similar announcement followed concerning the reduction of sugar content in its breakfast cereals in the UK.

  • The initiative is being launched in partnership with the Global Coalition on Aging (GCOA), a consortium that includes companies such as Intel and Bank of America.

  • [146][147] The boycott was officially suspended in the US in 1984, after Nestlé agreed to follow an international marketing code endorsed by the World Health Organization
    (WHO),[146][148][149] but was relaunched in 1989.

 

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