Nestle is the world’s most powerful public food and beverage company followed by Anheuser-Busch InBev and Coca-Cola, according to Forbes.
The annual list, Forbes Global 2000 ranks companies according to a combination of revenue, profit, assets and market value. It placed Nestle at as the world’s 33rd most powerful public company overall. Anheuser-Busch InBev came in at 56 and Coca-Cola ranked 83.
Nestle reported profit of US$9.4 billion and revenue in the twelve months to April 22. While chocolate is the company’s best known product, its frozen food and coffee productrs also contributed significantly to the result.
Overall, Forbes Global 2000 named Industrial and Commercial Bank of China (ICBC) in the number 1 position. The 2nd and 3rd spots went to two other Chinese banks – China Construction Bank and Agricultural Bank of China.