Vevey-based Nestlé remains the top food company ahead of its rival Unilever
Keystone
Nestlé, the world’s largest food company, has moved into the top three of a worldwide ranking of consumer product companies, according to a report compiled by business advisory firm Deloitte.
This content was published on
1 minute
swissinfo.ch
The seventh annual Global Powers of Consumer Products report, which ranks consumer products companies by their 2012 sales, puts Samsung of South Korea first, followed by Apple of the United States. Both companies benefited as demand for electronic products rebounded.
Deloitte also said it expects merger and acquisition transactions to pick up in 2014 as concerns over economic uncertainty begin to recede. Improved credit availability, low interest rates, improved capital markets and “sizable” cash reserves would drive deals, Deloitte said.
Vevey-based Nestlé, the largest consumer products company in Europe, for example, increased sales 10% to CHF92.2 billion ($104 billion) in 2012, boosted by the $11.9 billion acquisition of a nutrition business from Pfizer. Nestlé moved ahead of Japan’s Panasonic, whose sales declined 6.9% in 2012, according to Deloitte.
Other Swiss companies in the Top 250 are watchmakers Swatch Group, which finished in position 95, and Rolex in 151st place, as well as dairy company Emmi ranked 237. Swatch ranks fifth and Rolex ninth in the watch manufacturing sector.
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Five Swiss companies among global top 250
This content was published on
Four other Swiss companies – Richemont (74), Swatch (104), Rolex (153) and Emmi (246) – appeared in the sixth annual “Global Powers of Consumer Products”, which identifies the 250 largest consumer products companies. For the first time, the top three spots were filled by companies from the electronic products sector. For the fifth consecutive year,…
This content was published on
Nestlé says it will invest around $500 million (SFr491 million) over the next decade in the sector. However, analysts say the multinational will have a tough time overcoming regulatory hurdles and having its products meet expectations. The firm said on Monday that it hopes to “pioneer a new industry between food and pharma” through the…
This content was published on
The Swiss watchmaker, which is the largest in the world, gained market share in 2013 and has reported strong sales in the early days of 2014. Overall, watch exports from Switzerland to the large Chinese market declined in 2013 after China’s government cracked down on luxury items given as illegitimate gifts. However, Swatch’s middle-market brands…
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.