Nestlé
Nestlé is a large multinational company founded in 1867 by Swiss pharmacist Henri Nestlé. World headquarters are in Vevey, Switzerland; where the company was founded. It is the largest food company in the world, producing a huge range of food and drink products. In addition, Nestlé owns 49% of Gesparal, a holding company that in turn has outright control with 53.7% of the shares of L'Oréal, the world's largest cosmetics firm.
| Table of contents |
|
2 Criticism of Nestlé's business practices 3 Countries where Nestlé operates 4 Stock symbols for Nestlé 5 External links |
Brands owned by Nestlé
Recently in the United Kingdom, Nestlé have been labeling some of their products not as themselves, but as "Ambient Products Ltd".
Rowntrees, Branston pickle, Toffee Crisp, Smarties, Carnation, Yorkie, Shreddies, Shredded Wheat, Polos, Golden Grahams and many, many others.
Criticism of Nestlé's business practices
Like many multinational companies, since the 1980s, it has attracted criticism, for example by the World Health Organization and UNICEF, for its business and marketing practices in Third world countries. In Nestlé's case, this has centered on its apparent recommendations for nursing mothers to switch to its infant formula milk products, leading to the alleged deaths of about 1.5 million babies each year. Nestlé allegedly has violated and regularly continued to violate the widely consensed on International Code of Marketing Breast-milk Substitutes. This has led to boycotts of its products by certain consumer groups and organizations, loosely coordinated in the International Baby Food Action Network [1].
In 2002 the company was criticized for its intention to seek £2m compensation from the Ethiopian government, for a company that had been nationalized in 1975 by the Marxist Mengistu regime. To put that in context, compare that figure with the turnover of Nestle [1] and then the GDP of Ethiopia, the 159th country of 164 [1] by the UN's Human Development Index.
International offices include Brampton, Ontario.
Countries where Nestlé operates
Pakistan, Malaysia, India, Nicaragua, Sri Lanka, Luxembourg, Belgium, Germany, France, United Kingdom, United States, Brazil
Stock symbols for Nestlé
The company is listed on the SWX Swiss Exchange with stock symbol NESN.
Other listings:
| ticker name | Department name | Stockmarket | Region of operation |
| MLKP.KA | NESTLÉ MILKPAK LTD (FORMERLY MILKPAK LTD) | Pakistan | |
| NESM.KL | NESTLÉ (MALAYSIA) BHD | Malaysia | |
| NEST.CI | NESTLÉ COTE D'IVOIRE SA * | Côte d'Ivoire | |
| NSTL.LG | NESTLÉ FOODS NIGERIA PLC | Nicaragua | |
| NEST.BO | NESTLÉ INDIA LTD | India | |
| NEST.NS | NESTLÉ INDIA LTD | India | |
| NEST.CM | NESTLÉ LANKA LTD | Sri Lanka | |
| 011048765_t.LU | NESTLÉ HOLDINGS INC | Luxembourg | ? |
| 012950438_t.LU | NESTLÉ HOLDINGS INC | Luxembourg | ? |
| NESZc.BR | NESTLÉ SA | Belgium | Belgium |
| NSRGYN.MX | NESTLÉ SA | Mexico | Mexico |
| NESN.BE | NESTLÉ SA | Germany | Belgium |
| NESN.D | NESTLÉ SA | Germany | Denmark? |
| NESN.DE | NESTLÉ SA | Germany | Germany? |
| NESN.F | NESTLÉ SA | Germany | France |
| NESN.H | NESTLÉ SA | Germany | Hungary? |
| NESN.HA | NESTLÉ SA | Germany | ? |
| NESN.MU | NESTLÉ SA | Germany | ? |
| NESN.SG | NESTLÉ SA | Germany | ? |
| NESN.PA | NESTLÉ SA | France | |
| NESK4.PA | NESTLÉ SA | France | |
| NESN.VX | NESTLÉ SA | United Kingdom | |
| NESNq.L | NESTLÉ SA | United Kingdom | |
| NSRGF.PK | NESTLÉ SA | United States | |
| NSRGY.PK | NESTLÉ SA | United States | |
| NSRXY.PK | NESTLÉ SA | United States | |
| NSLYF.PK | NESTLÉ (MALAYSIA) BHD | United States | |
| NTLZF.PK | NESTLÉ DEUTSCHLAND AG | United States |
- (ANC. CIE AFRICAINE DE PREPARATIONS ALIMENTAIRES CAPRAL NESTLÉ)
External links
- Nestlé official site
- International Baby Food Action Network
- Baby Milk Action (Wielka Brytania)
- Baby Nahrung