Swiss Dwarf German Growth Led by Nestle-Novartis
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When pharmacy assistant Heinrich Nestle left Frankfurt in the 1830s to set up shop in Switzerland, his native country lost a future corporate tycoon.
Nestle SA now ranks as the world’s biggest food company, helping the Swiss economy grow at twice the rate of the European Union. On a per capita basis, Switzerland hosts about eight times more of the world’s 500 largest publicly traded companies than Germany, the region’s biggest economy, according to data compiled by Bloomberg.