Nestle to spin out Perrier and San Pellegrino in US$2.8 billion cost drive
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Nestle S.A. plans to spin out its waters and premium beverages, including Perrier and San Pellegrino, into a separate business as part of a US$2.8 billion cost-cutting restructuring plan.
November 19, 2024 | 8:30 am
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Nestle S.A. is restructuring to cut costs by $2.8 billion, spinning out its waters and premium beverages into a separate business.
The restructuring plan is a significant move for Nestle, aiming to streamline operations and focus on core areas. This could lead to increased efficiency and potentially higher profitability, positively impacting the stock price.
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