Nestl S.A.

(French pronunciation: [nsle]; English /nsle/, /nsli/) is a Swiss multinationalfood and beverage company headquartered in Vevey, Switzerland. It is the largest food company in the world measured by [3][4] revenues. Nestl's products include baby food, bottled water, breakfast cereals, coffee, confectionery,dairy products, ice cream, pet foods, and snacks. 29 of Nestl's brands have annual sales of over 1 billion [3][5] Swiss francs (about $1.1 billion), including Nespresso, Nescaf, Kit Kat, Smarties, Nesquik, Stouffer's, Vittel, and Maggi. Nestl has around 450 factories, operates in 86 countries, and employs around 328,000 people. It is one of the main shareholders of L'Oral, the world's [6] largest cosmetics company. Nestl was formed in 1905 by the merger of the Anglo-Swiss Milk Company, established in 1866 by brothers George Page and Charles Page, and Farine Lacte Henri Nestl, founded in 1866 by Henri Nestl. The company grew significantly during the First World War and again following the Second World War, expanding its offerings beyond its early condensed milk and infant formula products. The company has made a number of corporate acquisitions, including Crosse & Blackwell in 1950, Findus in 1963, Libby's in 1971, Rowntree Mackintosh in 1988, and Gerber in 2007. Nestl has a primary listing on the SIX Swiss Exchange and is a constituent of the Swiss Market Index. It has a secondary listing on Euronext. In 2011, Nestl was listed No. 1 in the Fortune Global 500 as the [7] world's most profitable corporation. With a market capitalization of $233 billion, Nestl ranked No. 9 in [8] the FT Global 500 2013.