Swiss Economicblogs.org
Volatile markets have been reshuffling the ranking of the world’s most valuable companies. Over the course of the last six months, Nestlé overtook Royal Dutch Shell to become Europe’s most valuable company. © Alexey Novikov | Dreamstime.com At the end of June 2018, Royal Dutch Shell had Europe’s highest market capitalisation (US$ 293 billion), making it the world’s 13th most valuable company, while Nestlé ranked 21st globally, with a market capitalisation of US$ 233 billion. Since then the...
Read More »Nestlé wants to sell you both sugary snacks and diabetes pills
Investec Switzerland. Nestlé is by far the largest food company in the world. Its 335,000 employees produce more than 2,000 brands, manufactured in 436 factories across 85 countries. It’s Europe’s most valuable corporation, worth $240 billion, comfortably more than oil giant Royal Dutch Shell. Among the world’s 195 nations, it sells in 189. © Gvictoria | Dreamstime.com Nestlé’s impact on the history of how we eat is almost impossible to overstate. Sweets as we know them...
Read More »Nestle sales beat estimates on coffee as competition heats up
Investec Switzerland. Nestle SA, the world’s biggest food company, reported first-quarter sales that beat analysts’ estimates, as Nescafe and Nespresso were boosted by marketing to ward off competitors in coffee. Sales rose 3.9 percent on an organic basis, the Vevey, Switzerland-based maker of KitKat bars and Perrier water said in a statement Thursday. Analysts had expected 3.6 percent, according to the median estimate in a Bloomberg survey. Nestle expects “further...
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