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Organization

Nestlé

Swiss food and drink company; a major shareholder of L'Oréal.

11 links, 8 backed by primary records

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Also known as
Nestlé S.A.
Nestlé holds
The debate

What it disputes

  • BMS Marketing Index 2024 7 May 2024

    Along with other members of the industry, we informed ATNI we fundamentally disagree with their methodology.3

Each side is quoted in its own words. Whether a finding holds is not decided here.

Connections 11

founded

people who worked here

  • Oswaldo Ballarin 1978 chairman of the board of the company that made and sold Nestlé products in Brazil Primary record 5

owns a stake in

  • L'Oréal 7 Dec 2021 23.3%, as of 7 Dec 2021 Primary record 1

    The stake before L'Oréal repurchased 4.0 per cent of its own shares from Nestlé for €8,904 million.

  • L'Oréal 31 Dec 2024 20.14%, as of 31 Dec 2024 Primary record 2

involved in

adopted

disputes a finding of

headquartered in

Timeline 6 dates
  1. 1978 Oswaldo Ballarin worked at Nestlé
  2. May 1981 Nestlé adopted International Code of Marketing of Breast-milk Substitutes According to Nestlé
  3. May 1982 Nestlé founded Nestlé Infant Formula Audit Commission
  4. 7 Dec 2021 Nestlé owns a stake in L'Oréal
  5. 7 May 2024 Nestlé disputes a finding of BMS Marketing Index 2024 According to Nestlé
  6. 31 Dec 2024 Nestlé owns a stake in L'Oréal
Proof 10 sources
  1. L'Oréal, Agreement between L'Oréal and Nestlé for the repurchase by L'Oréal of 4% of its own shares held by Nestlé (page also carries the brands menu), L'Oréal, 7 Dec 2021. Primary record
    At the end of the transaction and after cancellation of the repurchased shares, Nestlé’s stake in the capital of L’Oréal will be reduced from 23.3% to 20.1%.
    Nestlé’s stake in the capital of L’Oréal will be reduced from 23.3% to 20.1%.
  2. L'Oréal, 2024 universal registration document, section 1.1.3 Stable governance, L'Oréal. Primary record
    Nestlé: 20.14%
  3. No major baby food brand fully complied with WHO marketing code, says ATNI (Will Chu, with replies from FrieslandCampina and Nestlé), Vitafoods Insights, 7 May 2024. Scholarship & press
    Along with other members of the industry, we informed ATNI we fundamentally disagree with their methodology.
    The methodology adopted may unfairly penalise companies with a large portfolio assessed because the absolute numbers used by ATNI can easily trigger lower scoring
  4. Nestlé News release of 26 January 1984 and Joint Statement of the International Nestlé Boycott Committee and Nestlé of 25 January 1984, as sent by the Stouffer Corporation to the American Library Association, Nestlé, 26 Jan 1984. Primary record
    Nestle announced the formation of the Nestle Infant Formula Audit Commission
    initiated a boycott of the products of Nestle, the world's largest manufacturer of infant formula
    Nestle endorsed the WHO Code the day it was passed in May, 1981
  5. Marketing and Promotion of Infant Formula in the Developing Nations, 1978: hearing before the Subcommittee on Health and Scientific Research of the Committee on Human Resources, United States Senate, 95th Congress, 2nd session, 23 May 1978, U.S. Congress, 23 May 1978. Primary record Archived copy
    I am Chairman of the Board of the company that manufactures and sells
  6. Excerpts from the Bern court's written opinion in the libel case brought by Nestlé Alimentana SA (unofficial English translation, chosen and published by the Third World Action Group Bern, whose members were convicted; no official status), Third World Action Group Bern, 1976. Scholarship & press Archived copy
    Nestlé Alimentana SA Vevey, represented by counsel H.P. Walter, on July 2, 1974, brought charges in the Untersuchungsrichteramt Berne against person or persons unknown for defamation
    The company attacked in this brochure, Nestlé Alimentana SA Vevey
  7. L'Oréal, 2024 universal registration document, 7.3 Shareholders and changes in the share capital (page 389), L'Oréal. Primary record
    As a reminder, following the expiry of the agreement concluded in 2004 between the Bettencourt Meyers family on the one hand and Nestlé SA on the other, these two shareholders have not acted in concert since 21 March 2018.
  8. International groups boycott Nestle products to end indiscriminate advertising, 1977-1984 (Global Nonviolent Action Database case study by Soul Han), Swarthmore College, 30 Sep 2021. Scholarship & press
    IBFAN decided to call off the boycott on October 4, 1984
  9. Infant Food Marketing, Nestlé Canada (archived copy, undated), Nestlé. Self-published Archived copy
    Nestlé sells and markets infant formula products responsibly, and we voluntarily and unilaterally apply the WHO Code in all developing countries.
  10. We're not trying to undermine the baby-milk code (reply by Hilary Parsons, Nestlé's head of corporate social responsibility), The Guardian, 22 May 2007. Scholarship & press
    Far from trying to get around the code, in developing countries, Nestlé voluntarily applies the entire WHO code - whether the government does or not.
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