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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