Nestlé

Nestlé S.A.
Formerly
List
    • Anglo-Swiss Condensed Milk Company (1866–1867)
    • Farine Lactée Henri Nestlé (1867–1905)
    • Nestlé and Anglo-Swiss Condensed Milk Company (1905–1947)
    • Nestlé Alimentana SA (1947–1977)
Company typePublic
SIX: NESN
ISINCH0038863350
IndustryFood processing
PredecessorHollandia 
Founded1866 (1866) (for the Anglo-Swiss Condensed Milk Company branch)
FounderHenri Nestlé (for the Farine Lactée Henri Nestlé branch)
HeadquartersVevey, Switzerland
Area served
Worldwide
Key people
  • Paul Bulcke[1] (chairman)
  • Philipp Navratil[1] (CEO)
  • David McDaniel[2] (CFO)
Products
BrandsList of Nestlé brands
Revenue CHF 92.998 billion (2023)[3]
CHF 14.520 billion (2023)[3]
CHF 11.209 billion (2023)[3]
Total assets CHF 126.550 billion (2023)[3]
Total equity CHF 36.387 billion (2023)[3]
Number of employees
275,000 (2023) [4]
SubsidiariesCereal Partners Worldwide (50%)
Websitenestle.com
Footnotes / references
[3][5]

Nestlé S.A.[a] (/ˈnɛsleɪ, -li, -əl/ NESS-lay, -⁠lee, -⁠əl[6]) is a Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Switzerland. It has been the largest publicly held food company in the world, measured by revenue and other metrics, since 2014.[7][8][9] It ranked No. 64 on the Fortune Global 500 in 2017.[10] In 2023, the company was ranked 50th in the Forbes Global 2000.[11]

Nestlé's products include coffee and tea, candy and confectionery, bottled water, infant formula and baby food, dairy products and ice cream, frozen foods, breakfast cereals, dry packaged foods and snacks, pet foods, and medical food. Twenty-nine of Nestlé's brands have annual sales of over 1 billion CHF (about US$1.1 billion),[12] including Nespresso, Nescafé, Nestea, Kit Kat, Smarties, Nesquik, Stouffer Corporation, Vittel, and Maggi. As of 2024, Nestlé has 337 factories, operates in 185 countries, and employs around 277,000 people.[13] It is one of the main shareholders of L'Oreal, the world's largest cosmetics company.[14]

Nestlé was formed in 1905 by the merger of Anglo-Swiss Condensed Milk Company, which was established in 1866 by brothers George Ham Page and Charles Page, and "Farine Lactée Henri Nestlé" founded in 1867 by Henri Nestlé.[15] The company grew significantly during World War I and again following World War II, expanding its offerings beyond its early condensed milk and infant formula products. The company has made a number of corporate acquisitions including Findus in 1963, Libby's in 1971, Rowntree Mackintosh in 1988, Klim in 1998, and Gerber in 2007.

Nestlé has faced longstanding criticism over its business practices. The company's promotion of infant formula in developing countries sparked a boycott in the 1970s for discouraging breastfeeding. It has also been accused of benefiting from child labor, forced labor, and deforestation in West African cocoa production, fined for price-fixing cartels and criticized for its water extraction practices.

  1. ^ a b "Management". Nestlé. Archived from the original on 1 June 2017. Retrieved 29 May 2017.
  2. ^ "Mr. David McDaniel" (PDF). nestle.in. Archived (PDF) from the original on 30 August 2021. Retrieved 14 September 2021.
  3. ^ a b c d e f "Consolidated Financial Statements of the Nestlé Group 2023" (PDF). Nestle. 16 February 2024. Archived (PDF) from the original on 20 February 2023. Retrieved 22 February 2024.
  4. ^ "Nestlé Annual Report 2023" (PDF). Nestlé S.A. Retrieved 7 April 2025.
  5. ^ "Consolidated Financial Statements of the Nestlé Group 2021" (PDF). Nestle. 17 February 2022. Archived (PDF) from the original on 23 May 2022. Retrieved 15 April 2022.
  6. ^ "1978 Milky Bar commercial". YouTube (published 31 August 2012). 1978. Archived from the original on 7 May 2022. Retrieved 7 May 2022.
  7. ^ "Nestlé's Brabeck: We have a 'huge advantage' over big pharma in creating medical foods" Archived 10 April 2014 at the Wayback Machine, CNN Money, 1 April 2011
  8. ^ "Nestlé: The unrepentant chocolatier" , The Economist, 29 October 2009. Retrieved 17 May 2012
  9. ^ "Nestlé tops list of largest food companies in the world". Forbes. Archived from the original on 26 October 2017. Retrieved 26 October 2017.
  10. ^ "Fortune Global 500 List 2017: See Who Made It". Fortune. Archived from the original on 30 January 2018. Retrieved 30 January 2018.
  11. ^ "The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.
  12. ^ "Nestlé: Tailoring products to local niches" Archived 9 December 2011 at the Wayback Machine CNN, 2 July 2010.
  13. ^ "Annual Review 2024" (PDF). Nestlé. 2025. Archived (PDF) from the original on 8 July 2025. Retrieved 17 August 2025.
  14. ^ "Nestlé to Decide on L’Oreal in 2014, Chairman Brabeck Says" Archived 8 July 2014 at the Wayback Machine. Bloomberg, 14 April 2011
  15. ^ "The History of Nestlé". Cleverism. 3 September 2015. Archived from the original on 25 May 2018. Retrieved 25 May 2018.


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