Exclusive: Report finds Swiss multinational is violating advertising codes and misleading consumers with nutritional claims The Swiss multinational Nestlé has been accused of violating ethical marketing codes and manipulating customers with misleading nutritional claims about its baby milk formulas. A new report by the Changing Markets Foundation has found that Nestlé marketed its infant milk formulas as “closest to”, “inspired by” and “following the example of” human breastmilk in several countries, despite a prohibition by the UN’s World Health Organisation (WHO).
The idea: The Nespresso is an instant espresso machine manufactured by Nestle and sold in Switzerland. Now the company is manufacturing baby powder capsules so consumers can make baby milk with the machine as well. Whose idea: Nestl...
The Swiss food giant agreed on Monday to buy Pfizer's infant nutrition business for $11.9 billion, as the European company expands its presence in the global baby food market.
By agreeing to acquire Pfizer's infant nutrition business for $11.9 billion, the Swiss food giant Nestlé is paying a high premium to gain access to the baby food markets in fast-growing emerging countries.
Swiss food and nutrition giant Nestle will shell out $11.9 billion to buy Pfizer’s nutrition unit, which owns baby food brands such as SMA and Promil.