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Nestlé S.A., a major global company operating through its various subsidiaries, specializes in the food and beverage industry. Its operations are geographically structured into key divisions: Europe, the Middle East, and North Africa; the Americas; and Asia, Oceania, and sub-Saharan Africa. Nestlé's extensive product portfolio encompasses numerous categories, each boasting a wide array of well-known brands. These include baby food options such as Cerelac, Gerber, Nido, and NaturNes; popular bottled water labels like Nestlé Pure Life, Perrier, and S.Pellegrino; and breakfast cereals…
The Swiss company is selling half of its water business, but restructuring costs weighed on its bottom line over the first half of 2026.
Nestle said on Thursday it expects to raise around €3 billion ($3.43 billion) from spinning off its water business into a 50-50 joint venture with U.S. investment firm Platinum Equity.
The Swiss company agreed with Platinum Equity to create a joint venture and sell a 50% stake in its Waters and Beverages unit.
Nestle on Thursday posted slightly better than expected second-quarter organic sales growth and said it plans to create a joint venture with Platinum Equity for its waters and premium beverages business.
Nestle is looking to spice up some of its products to counter duller taste buds that can accompany GLP-1 weight-loss drugs.