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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.
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]
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).
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Hershey started making Kit Kats in its own plant in Hershey, Pennsylvania in 1973. Then, in 1988, Nestlé acquired Rowntree Mackintosh, as Rowntree’s was called after a merger, and with it Kit ...
The company grew significantly during World War I and again following World War II, expanding its offerings beyond its early condensed milk and infant formula products. The company has made a number of corporate acquisitions including Crosse & Blackwell in 1960, Findus in 1963, Libby's in 1971, Rowntree Mackintosh in 1988, Klim in 1998, and ...
Since The Hershey Company holds the largest chunk at 43.30% of the U.S. market, ... Hershey's growth prospects and Nestle's moves Chocolate sells well even in tough economic conditions. For ...
The company released its own newspaper, Rowntree Mackintosh News, with a circulation of 26,000 copies. [9] The Yorkie and Lion chocolate bars were introduced in 1976. [7] In 1978 the Hershey contract was renegotiated, giving Hershey the rights to the Kit Kat and Rolo brands in the US in perpetuity. [7]