Nestlé is a Swiss transnational food and drink company headquartered in Vevey, Vaud, Switzerland. It is the largest food company in the world, measured by revenues and other metrics, since 2014. It ranked No. 64 on the Fortune Global 500 in 2017 and No. 33 on the 2016 edition of the Forbes Global 2000 list of largest public companies.
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 billion (about US$1.1 billion),including Nespresso, Nescafé, KitKat , Smarties, Vittel, and Maggie. Nestlé has 447 factories, operates in 189 countries, and employs around 339,000 people. It is one of the main shareholders of L'Oreal, the world's largest cosmetics company.
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 1866 by Henri Nestlé. 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.
Financial data in CHF billions[56] Year 2013 2014 2015 2016 2017 Revenue 92.158 91.612 88.785 89.469 89.791 Net Income 10.015 14.456 9.066 8.531 7.183 Assets 120.442 133.450 123.992 131.901 130.380 Employees 333,000 339,000 335,000 328,000 323,000 Financial data
Paul Bulcke, chairman and former CEO of Nestlé
Products Nestlé has over 2000 brands with a wide range of products across a number of markets, including coffee, bottled water, milkshakes and other beverages, breakfast cereals, infant foods, performance and healthcare nutrition, soups and sauces, frozen and refrigerated foods, and pet food.
Beverages With well over 3000 cups drunk every second, sales of Nescafé have been growing ever since 1938 when Nestlé launched the first commercially successful soluble coffee.
Nescafé, which today includes ready-to-drink varieties, is by far the world’s most popular brand of coffee.
Nestlé has long been a major player in the dairy business worldwide, originally with well known shelf stable brands such as Nido , Nespray , La Lechera and Carnation, then building a strong international presence in chilled dairy and ice cream under the Nestlé brand. Milk products, nutrition and ice cream
Prepared dishes, cooking aids and pet care A diversified range of soups, stocks, sauces and culinary preparations, primarily under the Maggi brand, is adapted to local tastes, recipes and ingredients in each country. Maggi instant noodles are sold in the Far East-Pacific area, as well as Europe, Africa and Latin America.
The global trend towards eating “on the go” provides opportunities for Nestlé to grow by offering new and improved confectionery concepts that respond to consumers’ desire for a wider range of taste experiences, available whenever and wherever they want them. The range includes international brands such as Nestlé, KitKat , Smarties, Lion, Crunch, After Eight and Polo as well as popular local brands such as Cailler , Butterfinger, Rossiya , Orion, Caja Roja , Sao Luiz and Star. Chocolate, confectionery and biscuits
Nestlé first entered the food services market in the early eighties, targeting institutions and restaurants. Over the next twenty years Nestlé rapidly increased its product offering and built itself into the market leader. Food Services
Pharmaceutical products Alcon Laboratories is the global leader in vision care. Its product lines cover therapeutic, surgical and consumer products, including Patanol , Betoptic S, TobraDex and Ciloxan in pharmaceuticals, LADAR Vision, AcrySof , Legacy, Accurus , BSS, Viscoat , and Custom Paks in the Surgical area, Opti -Free Express, Opti -One and Clerz Plus in Consumer Products and Cipro HC Otic for ear care.
Associated companies Nestlé holds an interest of at least 20% in these companies but does not exercise management control. They are included in the financial statements by the equity method. Their net results appear, in proportion to Nestlé’s participation, in the Group’s consolidated income statement under “Share of results of associated companies”. The Group’s share of their net assets is shown in the consolidated balance sheet under “Financial assets”. The most important associated company is L’Oréal , the world leader in the cosmetics market. Nestlé’s involvement with L’Oréal started in 1974. L’Oréal markets over 500 brands and more than 2000 products in all sectors of the beauty business: hair colour , permanents, styling aids, body and skincare, cleansers and fragrances. Its products are found in all distribution channels
Number of factories 2000 1999 Europe 198 220 Americas 151 153 Asia, Oceania and Africa 130 136 Total 479 509