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including Nespresso, Nescaf, Kit Kat, Smarties, Nesquik, Stouffers, Vittel, and Maggi. Nestl has
447 factories, operates in 194 countries, and employs around 339,000 people. [1] It is one of the main
shareholders of LOreal, the worlds largest cosmetics company.[8]
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 (born Heinrich Nestle). 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,
includingCrosse & 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 worlds most profitable corporation.[9]With a market capitalisation of US$239.6 billion,
Nestl ranked No. 11 in the FT Global 500 2014.[10]