#nestle

#nestle

Less than two years ago, a group of the world's biggest food companies, including Nestle SA, Danone SA and Kraft Heinz Co., announced a major alliance to cut methane emissions from their hundreds of thousands of dairy suppliers. Last month, however, Nestle's logo vanished from the initiative's website. Officials at the Swiss food giant confirmed that they've withdrawn from the effort, known as the Dairy Methane Action Alliance.

Nestle purchased Carnation Co. in 1985 with a $3 billion deal, meaning production of BonBons fell to Nestle - and it didn't disappoint. With a slight rebrand (from "Bon Bons" to "Nestle BonBons"), Nestle began running its own commercials, including a catchy jingle that teased, "the thing about a BonBon, it's almost always gone-gone." Besides the flavor, these wacky commercials are perhaps what former fans remember the most.

Chocolate candies might initially come to mind when you hear the famous Nestlé name. And while it does own some well-known confections like KitKat and Toll House, you might be surprised to learn that it also owns over 2,000 brands ranging from beverages and infant food to pet food, soups, seasonings, cereals, ice creams, and even frozen and chilled foods. The Nestlé conglomerate defines itself with the logo and tagline "Good Food, Good Life."

Nestle has fired CEO Laurent Freixe after just one year in the job following an investigation into an undisclosed romantic relationship, ousting its second chief executive in a year and throwing the Swiss food giant into its deepest leadership chaos in decades. Freixe's sudden dismissal followed an investigation into an undisclosed romantic relationship with a direct subordinate that breached Nestle's code of business conduct, Nestle said late on Monday.