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Nestlé S.A. is a Swiss food and drink company headquartered in Switzerland. It is the largest food company in the world, measured by revenues and other metrics, since 2014. It ranked No. 72 on thel in 2014and No. 33 on the 2016 edition of the Forbes Global 2000 list of largest public companies.
Nestlé's products include bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food, pet foods, a . nd snacks. Twenty-nine of Nestlé's brands have annual sales of over 1 billion (about 1 billion), including , . Nestlé has 447 factories, operates in 194 countries, and employs around 339,000 people.It is one of the main shareholders of, the world's largest cosmetics company.
Nestlé was formed in 1905 by the merger of the , established in 1866 by brothers George and Charles Page, and founded in 1866 by(born Heinrich Nestle). The company grew significantly during the First World War and again following the Second World War, expanding its offerings beyond its early and iproducts. The company has made a number of corporate acquisitions, includin in 1950, in 1963, in 1971, in 1988, and in 2007.
Nestlé has a primary listing on the and is a constituent of the . It has a secondary listing on
In recent years, Nestlé Health Science has made several acquisitions. It acquired Vitaflo, which makes clinical nutritional products for people with genetic disorders; CM&D Pharma Ltd., a company that specialises in the development of products for patients with chronic conditions like kidney disease; and Prometheus Laboratories, a firm specialising in treatments for gastrointestinal diseases and cancer. 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.
Another recent purchase included the weight-loss program, for US$600 million. Nestlé sold the business unit to North Castle Partners in 2013. In February 2013, Nestlé Health Science bought Pamlab, which makes medical foods based on L-methylfolate targeting depression, diabetes, and memory loss. In February 2014, Nestlé sold its PowerBar sports nutrition business to Post Holdings, Inc. Later, in November 2014,
Nestlé announced that it was exploring strategic options for its frozen food subsidiary, Davigel.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. That year, Nestlé spent about $350 million on dermatology research and development. 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. The initiative is being launched in partnership with the Global Coalition on Aging (GCOA), a consortium that includes companies such as Il and
Nestlé announced that it was exploring strategic options for its frozen food subsidiary, Davigel.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. That year, Nestlé spent about $350 million on dermatology research and development. 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. The initiative is being launched in partnership with the Global Coalition on Aging (GCOA), a consortium that includes companies such as Il and
Nestlé announced in January 2017 that it was relocating its U.S. headquarters from to outside of In March 2017, Nestlé announced that they will lower the sugar content in and chocolate bars by 10% by 2018. In July followed a similar announcement concerning the reduction of sugar content in its breakfast cereals in the UK.
The company announced a $20.8 billion share buyback in June 2017, following the publication of a letter written by Third Point founder Daniel Loeb, Nestlé's fourth-largest stakeholder with a $3.5 billion stake, explaining how the firm should change its business structure. 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.In September 2017, Nestlé S.A. acquired a majority stake of Blue Bottle. While the deal's financial details were not disclosed, the Financial Times reported "Nestle is understood to be paying up to $500m for the 68 per cent stake in Blue Bottle". Blue Bottle expects to increase sales by 70% this year.
In September 2017, Nestlé USA has agreed to acquire Sweet Earth, a California-based producer of plant-based foods, for an undisclosed sum.
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