It is the largest food and beverage company in the world. With headquarters in Vevey, Switzerland, it produces a wide range of products across a number of markets including coffee, water, other beverages, ice cream, infant foods, performance and healthcare nutrition, seasonings, frozen and refrigerated foods, confectionery and pet food. Several of the company's brands are globally renowned, which include: Nescafe, Nestea, Carnation, Nido, Bear Brand, Coffee-Mate, Lactogen, Cerelac, Maggi, Buitoni, Kit Kat, Smarties, Butterfinger, Polo, Purina, Friskies, Milo, Nestea, Smarties, Alpo, Smarties, Nesvita, Perrier and others.It was founded in 1866 by Henri Nestle. Henri Nestle, a pharmacist, developed a food for babies who were unable to breastfeed. His first success was a premature infant who could not tolerate his mother's milk or any of the usual substitutes. People quickly recognized the value of the new product, after Nestle's new formula saved the child's life, and soon, Farine Lactee Henri Nestle was being sold in much of Europe.It is also involved in several joint ventures. The Laboratoires Inneov is a joint venture in nutritional cosmetics between the company and L'Oreal, while Galderma is a joint veture in dermatology with L'Oreal. Other joint ventures include Cereal Partners Worldwide with General Mills, Beverage Partners Worldwide with Coca-Cola, and Dairy Partners Americas with Fonterra.The company's strategy is guided by several fundamental principles. Its existing products grow through innovation and renovation while maintaining a balance in geographic activities and product lines. Long-term potential is never sacrificed for short-term performance. The company's priority is to bring the best and most relevant products to people, wherever they are, whatever their needs, throughout their lives. It has active operations worldwide, including Europe, the Americas, Asia, Oceania and Africa.
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