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Nestlé owns 23.29% of L'Oréal, the world's largest cosmetics and beauty company, whose brands include Garnier, Maybelline, Lancôme and Urban Decay. Nestlé owned 100% of Alcon in 1978. In 2002 Nestlé sold 23.2% of its Alcon shares on the New York Stock Exchange.
Nestlé Milk Chocolate was created as a competitor to the more-established, and North American chocolate bar segment-leader Hershey bar [citation needed], and was even created in a similar form as their competitor.
In the same time-frame, Nestlé entered in a joint bid with Cadbury and came close to purchasing the American company Hershey's, one of its fiercest confectionery competitors, but the deal eventually fell through. [32] In December 2005, Nestlé bought the Greek company Delta Ice Cream for €240 million. [33]
The Hershey Company was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company, originally established as a subsidiary of his Lancaster Caramel Company. The Hershey Trust Company owns a minority stake but retains a majority of the voting power within the company. [6] Hershey's chocolate is available in 60 countries. [7]
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Kit Kat (stylised as KitKat in various countries) is a chocolate-covered wafer bar confection created by Rowntree's of York, England.It is produced globally by Nestlé (which acquired Rowntree's in 1988), [1] except in the United States, where it is made under licence by the H. B. Reese Candy Company, a division of the Hershey Company (an agreement Rowntree's first made with Hershey in 1970).