Nestlé - Wiki

Overview

Nestlé was founded by Henri Nestlé in 1866 as the Anglo-Swiss condensed Milk Company and has since grown to become the world's largest food and beverage company. The company is headquartered in Vaud, Switzerland, and offers over 2000 brands around the world in 189 countries. There are 413 Nestlé factories producing Nestlé products in 85 countries. Nestlé offers a wide variety of food products, such as breakfast cereals, coffees, teas, sweets, dairy products, frozen foods, snacks, medical foods, baby foods, and beverages.

Nestlé conducts research on potential phage therapies. Nestlé funded a study on the Nestle Research Centre developed T4-like coliphages and a commercial Russian coliphage product by the company Microgen for treatment of acute bacterial diarrhea. The 2016 study showed no adverse events but failed to improve diarrhea outcome.

Business portfolio

Nestlé's business portfolio includes a wide range of brands. These include food and beverages, health care and nutrition, and pet care and petfood. These can be broken down further into baby foods; bottled water; cereals; chocolate and confectionary; coffee; culinary, chilled, and frozen food; dairy; drinks; food service; healthcare nutrition; ice cream; petcare.

Business portfolio

Segment

Brands

Baby goods

Cerelac, Gerber, NaturNes

Bottled water

Nestlé Pure Life, Perrier, San Pellegrino

Cereals

Cheerios, Fitness, Lion, Nesquik Cereal

Chocolate and confectionary

Aero, Cailler, KitKat, Milkybar, Nestlé Les Recettes de l'Atelier, Orion, Quality Street, Smarties, Toll House

Coffee

Blue Bottle Coffee, Nescafé, Nescafé Dolce Gusto, Nespresso, Starbucks Coffee At Home

Innovation

On top of the company's current brand and product portfolio, Nestlé develops products and services that offer nutrition and health for people and pets. This includes an estimated 4,000 scientists, engineers, nutritionists, and regulatory specialists who help the company develop products through scientific research and fast innovation. Further, the company is working on sustainability and trend-based innovations to develop products that consumers are interested in purchasing.

Nestlé Health Science

Nestlé Health Science works to use the company's size to develop innovations for people to live healthier lives, through science and nutrition. This division also works on developing sustainable solutions for products and packaging to help the company's sustainability goals. Further, the Health Science division works to provide nutrition products to fill nutrition gaps and provide products for patients and customers to live healthier lives.

Timeline

January 2022

Nestlé company to pay cocoa farmers cash if they send their children to school.

April 2021

Nestlé agrees 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 deal acquires various assets from Bountiful, including Nature's Bounty, Solgar, Osteo Bi-Flex, and Puritan's Pride.

February 16, 2021

Nestlé agrees to sell its water brands in the US and Canada to One Rock Capital Partners and Metropoulos & Co.

2020

Nestlé wants to invest in plant-based food, starting with a "tuna salad" and meat-free products to engage and reach younger and vegan consumers

2019

Сompany announces that it will publish Nutri-Score on all of its products sold in the European countries that supported the nutritional label.

October 2018

Nestlé announces the launch of the Nestlé Alumni Network, through a strategic partnership with SAP & EnterpriseAlumni, to engage with their over 1 million Alumni globally.

September 2018

Nestlé announces that it will sell Gerber Life Insurance for $1.55 billion.

May 2018

Nestlé and Starbucks strike 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

January 2018

Nestlé USA sells its US confectionary business to Ferrara Candy Company, an Italian chocolate and candy maker.

September 2017

Nestlé S.A. acquires a majority stake of Blue Bottle. While the deal's financial details were not disclosed, the Financial Times reported "Nestlé 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.