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Table 2 Material assets and resources of the world’s largest Big Formula corporations

From: Globalization, first-foods systems transformations and corporate power: a synthesis of literature and data on the market and political practices of the transnational baby food industry

Corporation Nestlé
(Gerber / Wyeth)
Danone
(Nutricia)
Reckitt Benckiser
(Mead Johnson)
Abbott Laboratories (Abbott) Royal Friesland Campina Feihe
General
 Headquarters Switzerland France USA / UK USA Netherlands China
 Sector(s) of origin Food manufacturing Dairy / Food manufacturing Consumer goods Pharmaceuticals Dairy / Food manufacturing Food manufacturing
 Year founded 1867 1919 1905γ 1888 1879δ 1962
 Global 500 ranking (2018) 76 426 103
 Total assets (US$ millions) 2018 139,244 52,096 44,399 67,173 10,403 1791
 Total intangible assets
(US$ millions) 2018α
51,155 28,828 35,705 42,196 2014 7
 Total sales (US$ millions) 2018 93,242 29,070 14,855 30,578 13,940 1,570
 Profits (EBITDA) (US$ millions) 2018 18,475 5276 4363 7562 889 432
 Number of employees (foreign) 308,000 (298,000) 105,783 (98,378) 42,400 (38,746) ~ 103,000 (−--) 23,816 (~ 16,000)
BMS-specific
 World BMS market share % (retail sales value) 2018 (2010) 17.9 (13.8) 13.5 (12.1) 10.6 (12.9) 9.7 (11.5) 5.1 (2.7) 4.8 (1.4)
 World BMS sales value ($US millions) 2018 (2010) 9373 (3567) 7093 (3126) 5579 (3340) 4097 (2985) 2796 (706) 2505 (354)
 BMS sales as % of total sales 2018 10.0 25.5 33.7 13.4 20.8
 Number of countries with products 190 120+ 50 160+ 100+ 1
 BMS brands sold worldwide 22 18 10 7 5 1
 BMS brands with > 1% world market shareβ NAN, Illuma, S-26, Nido Aptamil, Nutrilon, SGM Enfamil, Enfagrow Similac, Pediasure, Eleva Friso Firmus
 % sales from emerging markets 2016 (% from developed markets) 71.5 (28.5) 65.3 (34.7) 52.3 (47.7) 42.6 (57.4) 92.8 (7.2) 100
 Markets with subsidiary / affiliate firms 114 77 28 89 36
 # employees in BMS division 21,000 2348
  1. Notes: Financial data sourced from Compustat, Fortune 500, Forbes, company annual reports and financial statements; data on compliance with The Code from Access to Nutrition Index; market share and sales data from Euromonitor Passport; currency conversions were made using 2018 average currency rate for the relevant financial year; α = intangible assets refer to non-physical assets, including brand recognition and intellectual property, such as trademarks, copyrights and patents; β = most brands include standard, follow-on, toddler and specialised milks under the same name; γ = founding date of Mead Johnson, acquired by Reckitt Benckiser in 2017; δ = the parent companies Friesland Foods and Campina merged in 2008, but were founded in 1879 and 1979 respectively