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Nestle

Company

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Assets

+ Nestle

Areas of activity

Company brands on the market leaders map for the mid-2010s

Business in Russia

Main article: Nestle Russia

History

2022

Company confirms 10GB data breaches

On March 24, 2022, the Anonymous hacker group announced the hacking of the Nestle database. The company confirmed the data leak, but said it was caused by employees.

Anonymous announced the theft of a 10-gigabyte data archive with customer information. According to hackers, they punish Nestle for its unwillingness to leave the Russian market, as other companies did. The data, which Anonymous said included internal email, passwords and Nestle customer information, was uploaded by the grouping to the network on March 22, 2022.

Nestle confirms leak of 10 GB data archive with passwords, correspondence and customer information

Anonymous claims that their goal is to punish any company that does not boycott Russia because of a special military operation in Ukraine, and Nestle, which previously expressed reluctance to reduce its activities in the country, was obviously at the top of their list.

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This recent announcement of a cyber attack against Nestle and subsequent data breaches has no basis.
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This refers to a case in February where some randomized and predominantly publicly available B2B test data were inadvertently available online for a short period of time.
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{{quote 'Some primarily publicly available data (such as company names and addresses and some enterprise e-mail addresses) was erroneously uploaded to the network for a limited period of time (several weeks). This was detected and verified by our security team. The data were prepared for the B2B test site in order to check the functionality, - said the representative of Nestle. }} Nestle did not specify which non-public data were released along with open information. When asked whether this incident was considered a data leak, the company did not answer.[1]

Discontinuation of production and distribution of products in Ukraine

Food manufacturer Nestle, which owns three plants in Ukraine with a staff of more than 5,000 employees, announced on February 24, 2022 that it "temporarily closes its plants, warehouses and supply chains" in the country. According to a statement by Nestle, the company's management recommended that employees stay at home and follow all official instructions from the Ukrainian government and local authorities for their safety.

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As of February 2022, all our colleagues are safe, we maintain constant communication with them and are doing everything possible to pay maximum attention to their safety, and also adapt our plans to meet changing conditions. We are still ready to provide for the local population, we have developed contingency plans, since we want to be sure that we will be able to resume deliveries of our products as soon as conditions allow, the concern said.
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Nestle sells a large range of products in Ukraine, from confectionery and culinary products to infant mixtures, and also supplies food for pets. Products manufactured by three Nestle plants in Ukraine are ready-made dishes, cooking products, confectionery and drinks[2]

2021: 3.3% revenue growth, up to CHF 87.1 billion, profit - CHF 16.9 billion

At the end of 2021, Nestle's revenue grew by 3.3%, to 87.1 billion Swiss francs, the company's profit amounted to 16.9 billion Swiss francs, which is 38.2% more than in 2020.

Nestle's revenue in Russia increased in 2021 by 10.5%, reaching 1.719 billion Swiss francs. In 2020, the figure was 1.555 billion Swiss francs.

Nestle revenue in Russia in 2021 increased by 10.5%

According to a Nestle report, organic sales growth in 2021 was 7.5% due to an increase in sales by 5.5% and a 2% increase in prices. The company claims that the increase in indicators is ensured by the dynamics of retail sales, the restoration of consumption outside the home, rising prices and market share. By product category, coffee made the greatest contribution to organic growth, in particular due to the activity of the brands Nescafé, Nespresso and Starbucks, as well as brands that produce pet food.

By product category, Purina PetCare showed double-digit growth, primarily premium brands Gourmet, Felix and Purina Pro Plan, as well as veterinary products. Growth was strong in all channels, especially in e-commerce and specialized pet stores. Sales on new growth platforms Tails.com, Lily's Kitchen and Terra Canis together grew by almost 40% in 2021.

Growth was supported by the continued evolution of the company's portfolio towards fast-growing categories and channels, as well as innovations. In all markets, positive growth was noted, while high sales growth rates were noted in the UK, Russia, Italy and France.

Nestle sales in the Americas in 2021 decreased by 0.6%, to 33.779 billion francs, in the AOA region (Oceania, Asia, Africa) grew by 0.02%, to 20.735 billion francs, in the EMENA region (Europe, Middle East, North Africa region) recorded an increase of 4 billion, to 21.128 francs.[3]

2020

Buying a healthy food delivery service for Freshly for $1.5 billion

At the end of October 2020, Nestle announced the acquisition of a startup Freshly for $1.5 billion. The company agreed to pay $950 million in advance and up to $550 million from future profit, depending on the achievement of the set conditions. More. here

Among the world leaders in pollution of the environment with plastic packaging

Data on the production of plastic packaging in metric tons per year, according to 2020 data.

2019: Nestlé sells Skin Health unit to a consortium of funds for 10.2 billion Swiss francs

Nestle closed a deal on October 2, 2019 to sell Nestlé Skin Health's dermatology products division, which rebranded and is again called Galderma.

In May 2019, Nestlé announced its intention to sell the dermatology business. The buyer was a consortium comprising the EQT VIII fund, Luxinva (a wholly owned subsidiary of the Abu Dhabi Investment Authority), PSP Investments and other institutional investors. Galderma sold for 10.2 billion Swiss francs.

2014: Nestlé bought Galderma and renamed it Nestlé Skin Health

Nestlé bought Galderma in 2014, then renamed the subsidiary Nestlé Skin Health.

Notes