Word: nestle
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...Nestlé has long had a keen appetite for U.S. companies. In a buying binge during the '70s, the Swiss food conglomerate helped itself to Beech-Nut (baby foods), Libby, McNeill & Libby (fruit juices) and Stouffer (hotels and frozen dinners). But Nestlé then decided to halt its U.S. expansion because of heavy financial losses suffered in Argentina...
...endorsing weights or lifting suits. Amino acids cost $22 a jar, and Winter fortifies himself with a jar every four days. "But the Olympic Committee has asked for my Social Security number," he says, "so perhaps there will be some help up the road." Or, daydreams this chocoholic, maybe Nestlé will come calling with an endorsement offer...
...boycotters complained that Nestlé's aggressive marketing of the formula contributed to poor health in less-developed nations by encouraging mothers to give up breast feeding. Illiteracy, plus lack of refrigeration and clean water, the protesters charged, caused widespread misuse of the products and resulted in poor diets and illness...
...Nestlé says its sales were never measurably hurt by the boycott, which was well organized in ten countries. When the World Health Organization set guidelines for the marketing of formula in 1981, Nestlé endorsed them...
...beginning of the end for the protest came in December during a chance meeting between Niels Christiansen, Nestlé's director of research, and Douglas Johnson, head of the principal boycott group, on a Philadelphia-New York train. They concluded that their differences were slight. In the final agreement, Nestlé promised to promote breast feeding as superior to formula and to warn of the hazards of misuse on graphic labels that can be understood by people who cannot read...