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Nestle, the Swiss consumer goods giant, has announce plans to spin-off its water and premium beverages business from 1st January 2025.
“As part of the action plan to drive operational performance and unlock potential, Nestlé’s water and premium beverages activities will become a global standalone business under the leadership of Muriel Lienau, Head of Nestlé Waters Europe, as of January 1, 2025”, the company said in a statement.
“This will include exploring partnership opportunities to enable Nestlé’s iconic brands and growth platforms to achieve their full potential”, the company added.
Nestle’s bottled water brands include Acqua Panna, Nestle Pure Life, Perrier and S.Pellegrino.
Commenting on the company’s new “Accelerating Nestle” strategy, Nestle CEO Laurent Freixe said: “Our action plan will also improve the way we operate, making us more efficient, responsive and agile. This will allow us to deliver value for all our stakeholders. I am confident that we can deliver superior, sustainable and profitable growth and gain market share, while transforming Nestlé for long-term success.”
As a result of the strategy Nestle said it expected an improvement in organic sales growth compared to 2024.
Source: Nestle
