Tins of newly-manufactured "NAN" baby food sit on display at Nestle's production unit for probiotic infant formulas in Konolfingen, Switzerland, on Thursday, Sept. 1, 2011. Nestle SA will seek to offset the impact of the Swiss franc's appreciation through productivity gains and innovation, rather than by extending working hours. Photographer: Gianluca Colla/Bloomberg via Getty Images
Logos sit on cartons of Nestle baby fruit food displayed inside a store at the Nestle SA headquarters in Vevey, Switzerland, on Thursday, Feb. 14, 2013. Nestle SA said it expects 2013 to be as challenging as last year, when sales missed analysts' estimates on a slowdown in emerging markets, a region the world's largest food company is increasingly dependent upon. Photographer: Valentin Flauraud/Bloomberg via Getty Images
Cans of S-26 infant formula, produced by Nestle SA, are displayed for sale at a Shanghai Aiyingshi Co. Babemax store in Shanghai, China, on Friday, Dec. 22, 2017. Mother-baby retail chains such as Babemax emerged about a decade ago, mostly near hospitals with big maternity wards, and now account for half of all baby formula sales. Photographer: Qilai Shen/Bloomberg via Getty Images
Father bottle feeding baby outdoors
A Nestle logo is displayed ahead of a news conference announcing the company's full year results in Vevey, Switzerland, on Thursday, Feb. 15, 2018. Since taking over about a year ago, chief executive officer Mark Schneider has stepped up merger-and-acquisition activity, buying Canadian dietary supplements maker Atrium Innovations for $2.3 billion and jettisoning Nestles ailing U.S. chocolate business. Photographer: Stefan Wermuth/Bloomberg via Getty Images
