This Swizz multinational, Nestle offers a wide and varied range of products which includes baby food products, coffee and tea, breakfast cereals to confectionary and also pet food. And, it is this wide range of products which has made Nestle a part of every household and the company’s growth story made it the world’s largest food company.
Here we present 32 super interesting things about Nestle that you should know.
- Formed by the amalgamation of two companies: It was with the amalgamation of Henry Nestle’s Farine Lactée Henri Nestlé and George Page and Charles Page’s Anglo-Swiss Milk Company that Nestle was born in 1905.
- Origin of parent companies: In 1866, both Henry Nestle’s Farine Lactée Henri Nestlé and George Page and Charles Page’s Anglo-Swiss Milk Company were founded.
- Before Nestle got its name: Names like Condensed Milk Co. and Nestle Alimentana S.A. were the probable contenders in the race when the company was being named, but later, it was the name “Nestle” that was zeroed down.
- Started with baby food: Before foraying into the food industry as a whole, Nestle was primarily into baby food products.
- The first product on sale: Henri Nestlé’s Infant Cereal was the first product that the Anglo-Swiss Condensed Milk Co. sold.
- Wider target consumers: Nestle caters to the needs of all age groups with its products, which includes baby products for infants to tea, coffee for adults amongst a lot more!
- Not just for humans: Nestle offers food products not just for humans but also for their loving pets!
- Beyond food products: Apart from food products, Nestle also offers a range of skincare products. But it was in 2014 that the company forayed into the non-food category product.
- Staple drink for the military: During World War II, the military in the United States were served Nescafe from Nestle as a staple drink.
- War helped Nestle flourish: During both the World Wars, dairy products were in high demand, which helped in the growth of Nestle.
- The relation between L’Oreal and Nestle: Both L’Oreal and Nestle are the biggest companies in its domain of cosmetics and food respectively. But surprisingly, Nestle is one of the prime shareholders in L’Oreal!
- Nestle holds a minority share in New Zealand’s Vital Foods: Nestle holds a minority share in Vital Foods, which developed a kiwi-based solution, especially for gastrointestinal conditions.
- Biggest food brand in terms of revenue too: Nestle is touted to be the world’s largest food brand and apart from the wide range of products, it is also the revenue generated which has made Nestle a top brand.
- Highest-grossing brands from Nestle: Kit Kat, Nespresso, Nesquik and Stouffer’s are the highest-earning brands from Nestle and reportedly contribute more than $1.1 billion through annual sales.
- Global presence: Nestle has its headquarters in Vevey, Vaud Switzerland, but its presence is found all across the globe and in almost every household.
- Wider reach: Nestle operates in more than 197 countries and has more than 400 factories, which is spread over 86 countries.
- Factories concentrated in the United States: Talking about factories, the United States had the highest number of Nestle’s factories.
- Huge workforce: Nestle has a base of employees that exceeds 335,000 and is estimated to be approximately 335,000 for all the brands under Nestle.
- Higher employee concentration: Nestle’s workforce is highly concentrated from places like Asia, Africa, and Oceania. According to statistics, about 39.1% of Nestle’s employees are from these regions.
- Higher sales in the powdered and liquid beverages segment: Nestle offers a wide range of products, however, it has the highest sales in the powdered and liquid beverages segment. This segment is followed by milk products and ice creams.
- Popular brands under its wings: Popular brands like Haagen-Dazs, Cheerios come under the brand, Nestle.
- Acquisition of Rowntree Mackintosh: In 1988, the acquisition of Rowntree Mackintosh by Nestle brought under its wings brands like Kit Kat, Smarties and Aero. The deal was signed for $4.5 billion.
- The major acquisition between 1950 and 2007: The time span between 1950 and 2007 saw Nestle making major corporate acquisitions and companies like Crosses & Blackwell, Libby’s, Findus and Gerber, all came under Nestle’s brand.
- World’s largest ice-cream maker: With the acquisition of Delta Ice Cream, a Greek company and Dreyer’s in the years 2005 and 2006, Nestle became the world’s largest ice cream maker too.
- Acquisition of Ovaltine: Nestle acquired Ovaltine, one of the best milk brand in 2007.
- Acquisition of Sweet Earth: California based company, Sweet Earth was acquired by Nestle in 2017. The company is into the production of plant-based foods.
- More than 2000 brands: Under the umbrella company, Nestle, there are 2000 brands, which include popular names like Nescafe, Maggi, Haagen-Dazs, and Cheerios to name a few.
- The failed joint venture of Nestle and Cadbury: The probable joint venture between Nestle and Cadbury did not materialize as the deal between the companies failed to take shape.
- Foray into skincare: Nestle forayed into skincare with its $350 million project on dermatology research and development.
- Sponsors I-League: Nestle is the sponsor of the renowned football league, I-League.
- A decline in confectionery sales: Nestle saw a decline in its confectionery sales after it ventured into the health and wellness segment. The foray into nutrition products was in sync with the changing demand of the consumers for a healthier alternative.
- Efforts to transition into healthier alternatives: Nestle has been making efforts in making its food items more healthier by reducing the sugar content in its products like Yorkie, Aero, and Kit Kat as well as breakfast cereals.https://www.youtube.com/watch?v=LAeZw752VDA&t=10s
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