1. What types of short-term financial activities are necessary for the Nestl Company to be successful? With...
Question:
1. What types of short-term financial activities are necessary for the Nestlé Company to be successful?
With cash and other current assets of more than $30 billion, the Nestlé
Company serves over two billion customers in more than 180 countries.
Selling chocolate, instant coffee, baby formula, and bottled water, Nestlé
is the world’s largest food and beverage company with over 120 brands.
The company started in 1866 when Henri Nestlé, a pharmacist, created formula for babies. Chocolate was added in the 1920s as the company started to expand its product line. Today, with headquarters in Vevey, Switzerland, Nestlé employs about 250,000 people and has factories or operations in almost every country in the world.
More recently, Nestlé has also expanded into other product lines.
The company has significant investments in Alcon Inc. (ophthalmic drugs, contact lens solutions, and equipment for ocular surgery) and in cosmetics through the L’Oréal brand.
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