nestle &alcon
INTRODUCTION
Nestle
It is the world’s number one food company. The world leader in soluble coffee, mineral water, dairy and infant nutrition, and proactive in any other categories. The best brands of the organisation comprised of: Nescafe, Perrier, Nestle and Buitoni amidst others.
To put in some numbers:
The net benefit of the company was $3.4 billion and an annual sales of $48.2 billion.
The global market share of the company in foods and beverages industry is 1.4% and processes and branded products about 2.6%.
Apart from being one of the major player in the food and beverage category it has 2 major investments in the non-food category as well.
L’Oreal: it owned a substantial stake on the cosmetics giant, about 26%.
Alcon: It fully owned Alcon, an eye-care company, a producer of ophthalmic drugs amidst others.
The organisation though originated in Switzerland, had diversified geographically over the years. So much so that currently only a percent of its sales hailed from it actually. The organisation was diversified even at its helm, with 8 of the 10 man board from different nationalities.
ALCON
Alcon is the non-food subsidiary of Nestle, founded in the year 1945 by two pharmacists. It was wholly acquired off the NYSE by Nestle. In the year 200 Alcon became the world’s leading Ophthalmology Company with Net earnings of $331 million and sale reaching $2, 5 billion. More than half of the company’s sales is in the US market.
The diagram below explains the contribution of Alcon to the sales of Nestle.
The operations of Alcon was spread across 75 countries with a staff of 11000 people. The company enjoyed great success. It is the leader in every product category it enters, and is twice as large as its nearest competitor. The ophthalmic contributes roughly ¼ of the $ 11 billion global market.
The present compensation of the top management of Alcon was linked to a compensation scheme to the extent of 2/3 linked to the company’s performance. The
Nestle
It is the world’s number one food company. The world leader in soluble coffee, mineral water, dairy and infant nutrition, and proactive in any other categories. The best brands of the organisation comprised of: Nescafe, Perrier, Nestle and Buitoni amidst others.
To put in some numbers:
The net benefit of the company was $3.4 billion and an annual sales of $48.2 billion.
The global market share of the company in foods and beverages industry is 1.4% and processes and branded products about 2.6%.
Apart from being one of the major player in the food and beverage category it has 2 major investments in the non-food category as well.
L’Oreal: it owned a substantial stake on the cosmetics giant, about 26%.
Alcon: It fully owned Alcon, an eye-care company, a producer of ophthalmic drugs amidst others.
The organisation though originated in Switzerland, had diversified geographically over the years. So much so that currently only a percent of its sales hailed from it actually. The organisation was diversified even at its helm, with 8 of the 10 man board from different nationalities.
ALCON
Alcon is the non-food subsidiary of Nestle, founded in the year 1945 by two pharmacists. It was wholly acquired off the NYSE by Nestle. In the year 200 Alcon became the world’s leading Ophthalmology Company with Net earnings of $331 million and sale reaching $2, 5 billion. More than half of the company’s sales is in the US market.
The diagram below explains the contribution of Alcon to the sales of Nestle.
The operations of Alcon was spread across 75 countries with a staff of 11000 people. The company enjoyed great success. It is the leader in every product category it enters, and is twice as large as its nearest competitor. The ophthalmic contributes roughly ¼ of the $ 11 billion global market.
The present compensation of the top management of Alcon was linked to a compensation scheme to the extent of 2/3 linked to the company’s performance. The