Nestlé S.A. (Euronext: NESTS) is the world's largest nutrition, health and wellness company.Founded and headquartered in Vevey, Switzerland, Nestlé originated in a 1905 merger of the Anglo-Swiss Milk Company, established in 1867 by brothers George Page and Charles Page, and Farine Lactée Henri Nestlé, founded in 1866 by Henri Nestlé.
In 2011, Nestlé was listed No. 1 in the Fortune Global 500 as the world's most profitable corporation.With a market capitalization of $ 200 billion, Nestlé ranked No. 13 in the FT Global 2011.The company has 449 factories, operates in 86 countries around the world, and employs more than 328,000 people.
Nestlé has some 8,000 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, seasonings, soups and sauces, frozen and refrigerated foods, and pet food. Nestlé's best known brands include:
Comprehensive Brand List: List of Nestle Brands
As of year end 2010, Nestlé held 29.7% of the shares of L'Oréal, the world's largest company in cosmetics and beauty. Its brands including Garnier, Maybelline, and Lancôme as well as The Body Shop stores, etc. L’Oréal holds 10.41% of the shares of Sanofi-Aventis, the world's number 3 and Europe's number 1 pharmaceutical company.
The Laboratoires Inneov is a joint venture in nutritional cosmetics between Nestlé and L'Oréal, while Galderma is a joint venture in dermatology with L'Oréal. Other joint ventures include:
Cereal Partners Worldwide with General Mills
Beverage Partners Worldwide with The Coca-Cola Company
Lactalis Nestlé Produits Frais with Lactalis (40%/60%)
Nestlé Colgate-Palmolive with Colgate-Palmolive (50%/50%)
Nestlé Indofood Citarasa Indonesia with Indofood (50%/50%)
Dairy Partners Americas (DPA) with Fonterra (50%/50%)
Nestlé Snow with Snow Brand Milk Products (50%/50%)
Nestlé Modelo with Grupo Modelo
On April 23rd, 2012, Nestlé announced that they have agreed to acquire Pfizer Inc.'s infant-nutrition unit for $11.9 billion.
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