Nestlé : Nestle
Nestlé is a large multinational company founded in 1867 by Swiss pharmacist Henri Nestlé[?]. World headquarters are in Vevey[?], Switzerland. It is the largest food company in the world, producing a huge range of food and drink products. In addition, Nestle owns 49% of Gesparal, a holding company that in turn has outright control with 53.7% of the shares of L'Oreal[?], the world's largest cosmetics firm.The company was founded in Vevey
Criticism of Nestlé's business practices
Like many multinational companies, in recent years it has attracted criticism 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 and led to boycotts of its products by certain consumer groups and organizations. In 2002 the company was criticized for its intention to seek compensation from the Ethiopian government, for a company that had been nationalized in 1975 by the Marxist Mengistu regime.
International offices include Brampton, Ontario.
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