Nestlé is to separate its water and “premium beverages” activities into a global stand-alone business from the start of next year. The move is part of a wider plan Nestlé presented today (19 November) at the company's capital markets day to "fuel and ...

Nestle SA plans to separate its bottled water brands into a standalone business as new Chief Executive Officer Laurent Freixe seeks to bolster growth at the world’s largest food company.

The packaged goods giant also plans to fix, rather than sell, the majority of its underperforming businesses, CEO Laurent Freixe told investors and analysts.

New CEO Laurent Freixe’s plan includes ‘targeted investments in winning brands and growth platforms, more focused innovation activities to drive greater impact, and

San Pellegrino and Perrier owner Nestle will spend the coming months carving out its 3.3 billion-Swiss-franc water business and is open to deals and partnerships, a top executive told Reuters.