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Be careful by choosing some EU-companies (feddit.org)

submitted 1 week ago by D_a_X@feddit.org to c/buyfromeu@feddit.org

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Avoiding American companies to express disapproval of US policy is great. However, this could give some European companies a reprieve, whose products you should not buy despite everything, because they have an inhumane corporate policy. My favorite example is Nestle. For them, access to drinking water is not a human right and that's how they act.

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[–] deadcatbounce@reddthat.com 1 points 1 week ago (3 children)

Isn't Nestle owned by Phillip Morris, an 'Mercan company?

[–] Obelix@feddit.org 14 points 1 week ago (2 children)

No, it isn't. But Nestlé is the perfect example of a global company which shows why "BuyfromEU" might be problematic. It is based in Europe. But it also sells globally, has offices everywhere and it is owned by people in different countries. So is Nestlé a european company with this shareholder structure?

https://en.wikipedia.org/wiki/Nestl%C3%A9

[–] peetabix@sh.itjust.works 4 points 1 week ago

Are we saying EU as in EUrope or European Union? They are not the same.

[–] deadcatbounce@reddthat.com 1 points 1 week ago* (last edited 1 week ago)

Yes, I was completely wrong. I worked in Zug at the not-America PM treasury in the 90s. There was loads of Nestle chocolate available, and other PM products, for everyone so I have a false memory.

[–] D_a_X@feddit.org 5 points 1 week ago* (last edited 1 week ago) (1 children)

It still seems to be a primarily Schweitzer AG in free float. Who owns Nestle (german)

[–] deadcatbounce@reddthat.com 2 points 1 week ago

That's mad. I was sure it had been owned but I'm completely wrong. The PM office in Zug where I used to spend time was filled with Nestle so I thought ..

Thank-you for that. It's never been owned by PM.

[–] MohamedMoney@feddit.org 2 points 1 week ago