- Why Sterling?
- VDR Solutions
Nestlé is a Swiss multinational food and drink processing conglomerate. Founded in 1866, it is the largest food company in the world with annual revenues more than CHF92bn and around 291,000 employees. Nestlé operates in 83 countries and sells its products in 187.
For over 30 years Nestlé have been audited by the same accountancy firm. At the time of this deal new legislation was introduced to tighten rotation rules in the EU. Even though the rules would have minimal impact on Nestlé (who are registered in Switzerland), they had decided to lead their market and undertake this critical group audit tender project.