Word: nestl
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Dates: during 1970-1979
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...sugarcane and 15,000 sugar-beet growers found that world prices were continuing to drop so fast that even with the subsidy they were losing money. At the same time, the major sugar-user firms, such as the Coca-Cola Co., General Foods Corp. and Nestlé Alimentana, were more than happy with Carter's program because it kept prices low and increased their profits...
...Goldsmith founded Caven-ham Ltd. which, through canny acquisitions, has become Europe's third largest (after Unilever and Nestlé) food processor. Extending his empire, he then purchased Grand Union, the U.S. supermarket chain. Two years ago, he became chairman of Slater, Walker Securities Ltd. when his friend Jim Slater, because of some freewheeling deals in the Far East, was forced to resign-driving one of the hottest investment companies of the 1960s to near collapse...
Switzerland's passion-charged baby-food libel trial (TIME, Feb. 16) has ended in something of a draw. The plaintiff: the multinational Nestle Alimentana, among whose myriad food products are powdered infant formulas marketed in less developed countries. The defendants: members of the Bern-based Third World Working Group. The group had distributed a German-language version of a British pamphlet that charged baby-food makers with causing the deaths of Third World babies by hard-selling their formulas to illiterate mothers incapable of preparing them properly. The Swiss pamphlet was entitled Nestlé Kills Babies. Two years...
Bern Judge Jürg Sollberger has now ruled that the pamphlet's title was in fact defamatory, but he ordered the 13 people found guilty to pay only token fines: $120 each plus an additional $160 toward Nestlé's legal expenses. The judge also granted the Third World group a moral victory by commenting that Nestlé "must modify its publicity methods fundamentally." The defendants will appeal. Said one Nestlé spokesman: "Our marketing techniques are evolving all the time...
...Counters Nestlé Managing Director Arthur Fürer: "No one has yet hit on the idea of demanding that wine be sold through doctors or pharmacies because hundreds of thousands of people get drunk on it and sometimes cause fatal accidents." Nestle officials insist that their advertising has always stressed, as one billboard in Nigeria puts it, that BREAST MILK IS BEST. Often, however, mothers themselves are undernourished and must supplement their own milk with formula. Nestlé was also a principal architect of an ethical code recently adopted by nine infant-food producers. The code requires that promotional...