Multinational corporation, the world's largest packaged-food company, best known for producing chocolate, coffee, and baby milk (the marketing of which in the Third World has been criticized as inappropriate). The company's market value 1991 was estimated at Ł7.8 billion, and it employed 199,000 people.
The founder was Henri Nestlé (1814–1890), a Swiss research chemist who in 1867 first devised a substitute for mother's milk. His product, consisting of ordinary milk mixed with baked meal, was a success, and in 1875 he sold his business to a Geneva company who kept his name. In 1878 the Nestlé Company first manufactured condensed milk, in competition with the existing Anglo-Swiss Condensed Milk Company, founded in 1866. In 1905 the two companies merged to form the Nestlé and Anglo-Swiss Condensed Milk Company, the largest dairy company in the world. The company later increased their manufacture of chocolate, and in 1938 launched Nescafé, the instant coffee that was their first non-dairy product. After various amalgamations and takeovers, the company once more took the name of Nestlé in 1947.
1. To make and occupy a nest; to nest.
2. To lie close and snug, as a bird in her nest; to cuddle up; to settle, as in a nest; to harbor; to take shelter.
3. To move about in one's place, like a bird when shaping the interior of her nest or a young bird getting close to the parent