- Business
- Nestlé S.A. (NESN.SW) operates as the world's largest food and beverage company, manufacturing and marketing a broad portfolio of packaged products including powdered and liquid beverages such as Nescafé and Nespresso; milk products, ice cream, and dairy items; prepared dishes, cooking aids, and frozen foods under brands like Maggi and Stouffer's; confectionery and snacks including Kit Kat and Smarties; nutrition and health science offerings encompassing infant formula, medical foods, vitamins, and supplements; pet care products through Purina; bottled water like Vittel; breakfast cereals; and plant-based alternatives such as Garden Gourmet and Sweet Earth burgers. The company maintains over 2,000 brands, with 29 generating annual sales exceeding 1 billion CHF, and serves consumers in nearly 190 countries through operations spanning North America, Latin America, Europe, Asia, Africa, and Oceania. Founded in 1866 through the merger of predecessors in Vevey, Switzerland, where it maintains headquarters, Nestlé employs more than 270,000 people worldwide and focuses on nutrition, health, and wellness strategies across its segments.
Nestlé pursues growth through strategic expansions and portfolio evolution, including a $1 billion investment announced in early 2025 to enhance production facilities in Mexico for coffee, pet food via Purina, dairy, and culinary products, alongside a new distribution center to bolster exports to over 70 countries. In 2024, the company expanded its air fryer-compatible product range across the Americas with new ready meals, seasonings, and cooking aids, aligning with modern cooking appliances as one of its key "big bets" targeting over 100 million CHF in incremental sales, while also launching shelf-stable plant-based meat alternatives and identifying priority categories like infant formula, coffee, meal preparation, snacks, and pet food for further innovation into 2026-2027. Recent transactions encompass the 2024 asset purchase of VOWST from Seres Therapeutics by Nestlé Health Science for microbiome-based therapeutics, acquisition of Core Brands from The Bountiful Company to broaden health and nutrition offerings, divestiture of a majority stake in Freshly in 2023 while retaining exposure to healthy prepared meals, and a long-term licensing deal with Starbucks for at-home coffee products; additionally, in September 2025, Nestlé transferred CHF unsecured notes to its new financial vehicle Nestlé Capital Markets SA.