A pair of private investment firms will soon buy Poland Spring and several other North American bottled water companies in a $4.3 billion deal with Swiss
Vevey, Switzerland Nestlé SA has a deal to sell its North American bottled water business in the U.S. and Canada to private equity group One Rock Capital Partners and Metropoulos & Co. for $4.3 billion.
Nestle, with global headquarters in Vevey, announced in June that it would "explore…
Nestleâs Next Challenge: Sating Human Appetites as Much as Pets
This content was published on February 18, 2021 - 09:32
February 18, 2021 - 09:32
(Bloomberg) Nestle SA had an easier time selling food for pets than for people in 2020. To meet his promises for faster overall growth, Chief Executive Officer Mark Schneider needs to focus more on human appetites this year.
Sales of pet food surged 10% in 2020, the fastest in more than a decade, as stuck-at-home consumers adopted more cats and dogs. While that helped overall revenue accelerate, Schneider has yet to reach the mid-single-digit growth rates the company enjoyed five years ago. The stock fell as much as 1% Thursday, bringing its decline over the past year to 7.2%.
Chaffee County stated in a press release Wednesday that despite the announcement of the sale of Nestlé Waters North America to two private equity investment firms, they expect the current