Biz Briefs: Nutritious Nestle

Many American consumers know Nestlé primarily for its candy bars. But it is also the world's largest food company, with chocolate making up only about 10% of global sales. Now the company is concentrating specifically on healthy foods, reorganizing to create a stand-alone nutrition division as of April 1 in the U.S. and globally on Jan. 1, 2006. The unit will include everything from baby formula to PowerBars. In 2004, four years after Nestlé bought the PowerBar brand, nutrition products brought the company more than $4 billion in global sales. "CEO Peter Brabeck was on a nutrition kick long before it...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!