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Nestle CEO to Separate Water Brands Into Standalone Business.
- Source :
- Bloomberg.com; 11/19/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Nestle SA plans to create a standalone business for its bottled water brands, including Perrier and Acqua Panna, in an effort to boost growth under new CEO Laurent Freixe. The move may lead to a potential sale or spinoff of the water business, which has experienced slowing organic growth. Freixe also aims to revitalize Nestle's other brands through increased marketing efforts, despite expectations of tighter profit margins in the future. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 180967450