Labour09/24/2026@EconDesk
Nestlé to Cut About 16,000 Jobs Over Two Years
NestléNestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, Switzerland
Starts 10/16/2025 5:00AMCONFIRMED 88% CONFIDENCE343 days agoStated as firm: Nestlé's nine-month sales release (Vevey, 16 October 2025) announces a "planned global headcount reduction of c. 16,000 over next two years"; GlobeNewswire's^[2] copy is stamped "October 16, 2025 01:00 ET" (05:00 UTC, 07:00 in Vevey).
New CEO Philipp Navratil set out a global headcount reduction of about 16,000 - some 12,000 white-collar roles and 4,000 in manufacturing and supply chain - and raised Nestlé's Fuel for Growth savings target to CHF 3.0 billion by the end of 2027. The shares jumped more than 8%.
0.75
Food09/24/2026FoodDesk
Pablo Isla Becomes Nestlé Chairman as Paul Bulcke Leaves Early
Nestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, SwitzerlandNestlé
Starts 10/01/2025CONFIRMED 81% CONFIDENCE358 days agoStated as firm: Nestlé's release of 16 September 2025 (Vevey) says "Pablo Isla will become Chairman effective October 1, following Paul Bulcke's decision to step down from the Board earlier than planned"; the pin is the effective day, the announcement having gone out on 16 September at 12:15 ET per GlobeNewswire^[1].
Former Inditex boss Pablo Isla took over as Nestlé's chairman on 1 October 2025, six months earlier than planned, after Paul Bulcke chose to step down in the wake of the CEO's dismissal. Dick Boer became Lead Independent Director and Vice Chairman.
0.69
Food09/24/2026FoodDesk
Nestlé AGM Re-elects Pablo Isla as Chair and Adds Thomas Jordan
NestléSwissTech Convention Center, 2, Route Louis Favre, Le Motty, Quartier Sorge, Renges, Lausanne, District de l'Ouest lausannois, Vaud, 1015, Switzerland
Starts 04/16/2026CONFIRMED 82% CONFIDENCE161 days agoStated as firm: Nestlé's release "Nestlé releases the results from its 159th Annual General Meeting" is dated 16 April 2026 and reports the meeting held that day at the SwissTech Convention Center in Lausanne; the February board release had set the AGM for April 16, 2026.^[1]
At its 159th Annual General Meeting in Lausanne, Nestlé's shareholders re-elected Pablo Isla as Chair and elected former Swiss National Bank chairman Thomas Jordan and P&G executive Fama Francisco to the board. They also approved a CHF 3.10 dividend, the 30th consecutive increase.
0.68
Food09/24/2026FoodDesk
Nestlé Nine-Month Sales 2025: Q3 Growth Hits 4.3%, Savings Goal Raised
NestléNestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, Switzerland
Starts 10/16/2025 5:00AMCONFIRMED 88% CONFIDENCE343 days agoStated as firm: the GlobeNewswire^[1] copy of Nestlé's ad hoc announcement is stamped "October 16, 2025 01:00 ET" (07:00 CEST in Vevey, 05:00 UTC) and datelined "Vevey, October 16, 2025", with the call at "09:30 CEST".
In Philipp Navratil's first results as CEO, Nestlé's third-quarter organic growth rose to 4.3% with volumes (RIG) back up 1.5%, and it raised its cost-savings target to CHF 3.0 billion by 2027, including about 16,000 job cuts over two years. The shares closed 9.3% higher.
0.66
Labour09/24/2026@EconDesk
Deadline for Nestlé's 16,000 Job Cuts and CHF 3 Billion Savings
NestléNestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, Switzerland
Starts 12/31/2027ESTIMATED 69% CONFIDENCEin 1.3 yearsA target, not a fixed date: Nestlé's full-year 2025 release (19 February 2026) says "In Q4 2025, we announced an acceleration of planned global headcount reductions to c. 16,000 by the end of 2027" and keeps the savings goal of "CHF 3.0 billion by the end of 2027"; a year-end target takes its last day.^[1]
Nestlé aims to finish cutting about 16,000 jobs and reach CHF 3.0 billion of Fuel for Growth cost savings by the end of 2027. By mid-2026 it reported CHF 1.7 billion of savings delivered.
0.64
Labour09/24/2026@EconDesk
Nestlé Hands Its Diósgyőr Chocolate Factory to Vimpex
Negyedik utca, Vasgyári újtelep, Újdiósgyőr, Miskolc, Miskolci járás, Borsod-Abaúj-Zemplén, North Hungary, Great Plain and North, 3533, HungaryNestlé
Starts 01/01/2027SCHEDULED 79% CONFIDENCEin 99 daysGiven as scheduled: Nestlé Hungária's release of 11 September 2026 says "2027. január 1-jétől a Vimpex cégcsoport ... folytatja tovább az édességgyártást a diósgyőri üzemben" (from 1 January 2027 the Vimpex group continues confectionery production at the Diósgyőr plant), Nestlé having said it ends production there in December 2026.^[1]
Nestlé stops making hollow chocolate figures at its 220-worker Diósgyőr plant in Miskolc at the end of 2026, and Hungarian food wholesaler Vimpex takes the factory over from 1 January 2027, keeping at least a third of the staff.
0.63
Food09/24/2026FoodDesk
Nestlé H1 2025 Results: 2.9% Organic Growth, 2025 Guidance Maintained
Nestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, SwitzerlandNestlé
Starts 07/24/2025 5:00AMCONFIRMED 89% CONFIDENCE1.2 years agoStated as firm: the GlobeNewswire^[1] copy of Nestlé's ad hoc announcement is stamped "July 24, 2025 01:00 ET" (07:00 CEST in Vevey, 05:00 UTC) and datelined "Vevey, 24 July 2025", with the analyst call at "09:00 CEST".
Nestlé's first-half organic growth was 2.9%, almost all of it from pricing with real internal growth of just 0.2%, while reported sales fell 1.8% to CHF 44.2 billion on the strong franc. CEO Laurent Freixe kept 2025 guidance, including an underlying trading margin at or above 16.0%.
0.63
Law09/24/2026@LawDesk
French Senate Inquiry Says State Covered Up Nestlé's Mineral Water Fraud
NestléLuxembourg Palace, Cour d'Honneur, Quartier de l'Odéon, 6th Arrondissement, Paris, Ile-de-France, Metropolitan France, 75006, France
Starts 05/19/2025CONFIRMED 86% CONFIDENCE1.3 years agoAP, datelined Paris 19 May 2025: 'a Senate inquiry commission said Monday'; Public Sénat: the senators 'ont rendu leurs conclusions ce lundi 19 mai'. The Senate's notice gives the filing: 'Rapport n° 628 (2024-2025), tome I, déposé le 14 mai 2025'.^[1]
After six months and 73 hearings, a Senate commission said the French state hid Nestlé Waters' use of banned treatments on Perrier, Vittel, Contrex and Hépar, a fraud France's fraud-control agency puts at over 3 billion euros.
0.62
Health09/24/2026@HealthDesk
Nestlé Extends Its Infant Formula Recall Worldwide Over Tainted ARA Oil
NestléNestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, Switzerland
Starts 01/05/2026CONFIRMED 84% CONFIDENCE262 days agoNestlé's sequence of events: 'As of 2 January 2026, we began notifying the authorities progressively in the affected countries and, as a precaution, initiated the voluntary public recall as from 5 January 2026'; Ireland's FSAI^[6] notice is dated Monday 05 January 2026.
After tracing the toxin cereulide to arachidonic acid (ARA) oil from a global supplier, Nestlé began recalling SMA, BEBA, NAN, Alfamino and Guigoz batches country by country from 5 January 2026, in more than 60 countries.
0.61
Food09/24/2026FoodDesk
Nestlé Agrees to Sell Blue Bottle Coffee to Centurium Capital
NestléNestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, Switzerland
Starts 04/23/2026CONFIRMED 84% CONFIDENCE154 days agoNestlé's ad hoc 'Three-month sales 2026' release, datelined "Vevey, 23 April 2026", states "Nestlé has agreed the sale of Blue Bottle Coffee to Centurium Capital. The transaction is subject to the customary conditions and is expected to close during H1-26"; Daily Coffee News^[4] calls this "the first direct confirmation from any of the companies involved that a sales agreement was reached".
Nestlé agreed to sell Blue Bottle Coffee, bought in 2017, to Centurium Capital, the biggest shareholder of China's Luckin Coffee, with the deal expected to close in the first half of 2026. The sale covers Blue Bottle's more than 100 cafes and most of its packaged-coffee business; Nestlé keeps the Blue Bottle Nespresso pods.
0.61
Health09/24/2026@HealthDesk
French MPs' Report Faults Nestlé's Slow Infant Formula Recalls
NestléPalais Bourbon, Rue de l'Université, Quartier des Invalides, 7th Arrondissement, Paris, Ile-de-France, Metropolitan France, 75007, France
Starts 05/19/2026CONFIRMED 82% CONFIDENCE128 days agofranceinfo^[1][3]: 'Un rapport parlementaire de l'Assemblée nationale, publié mardi 19 mai'.
An Assemblée nationale fact-finding mission found contaminated formula stayed on sale for weeks after the alert and that five weeks passed between Nestlé's first recall and France's health crisis centre hearing of it, and made 12 recommendations.
0.60
Food09/24/2026FoodDesk
Nestlé and Platinum Equity Agree to Form Peranel Waters Joint Venture
Nestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, SwitzerlandNestlé
Starts 07/23/2026 5:00AMCONFIRMED 84% CONFIDENCE63 days agoNestlé's release is datelined "Vevey, Switzerland – July 23, 2026" and its half-year release says "On July 23, 2026, Nestlé and Platinum Equity^[4] announced a plan to create Peranel"; Just Drinks^[6] reports it was "issued alongside Nestlé's first-half results", and Platinum Equity's PR Newswire copy is stamped "Jul 23, 2026, 01:05 ET" (05:05 UTC), i.e. the 07:00 CEST results release.
Nestlé will put S.Pellegrino, Perrier, Acqua Panna, Nestlé Pure Life and its other waters and premium beverages into Peranel, a 50:50 joint venture with Platinum Equity valued at EUR 4.9 billion. Nestlé expects about EUR 3.0 billion in cash at closing, due in the first half of 2027.
€4.9B
0.60

Stated as firm: Nestlé's ad hoc release, Vevey 1 September 2025, announces Navratil's appointment "following the dismissal of Laurent Freixe with immediate effect"; GlobeNewswire's^[1] copy is stamped "September 01, 2025 13:00 ET" (17:00 UTC, 19:00 in Vevey).

Start: Sep 1, 202590% CONFIDENCEfrom the source

Nestlé Fires CEO Laurent Freixe, Names Nespresso's Philipp Navratil CEO

Nestlé's board dismissed Laurent Freixe with immediate effect after an investigation found an undisclosed romantic relationship with a direct subordinate, one year into his tenure. Nespresso chief Philipp Navratil, a Nestlé lifer who joined as an internal auditor in 2001, took over as CEO.

Nestlé's Board of Directors appointed Philipp Navratil CEO of Nestlé S.A. following the dismissal of Laurent Freixe with immediate effect.^[1]
The departure followed an investigation into an undisclosed romantic relationship with a direct subordinate, which breached Nestlé's Code of Business Conduct; it was overseen by Chairman Paul Bulcke and Lead Independent Director Pablo Isla with independent outside counsel.^[1]
The release went out as an ad hoc announcement at 13:00 ET (19:00 in Vevey).^[3]
Freixe was removed exactly one year after taking the job; a first, inconclusive probe of a hotline tip was followed by a second that confirmed the relationship, and he leaves with no exit package.^[4]
JP Morgan analysts said the abrupt change was "likely to keep afloat the question mark about the mid-term direction of the company"; the shares had fallen 17% over the past year.^[4]
The alarm was first raised through Speak Up, Nestlé's anonymous reporting platform, in May 2025; Freixe was dismissed for failing to disclose the relationship rather than for the relationship itself.^[2]
Navratil joined Nestlé in 2001 as an internal auditor, ran Nestlé Honduras from 2009 and the coffee business in Mexico from 2013, moved to the Coffee Strategic Business Unit in 2020, became Nespresso CEO in July 2024 and joined the Executive Board on 1 January 2025.^[1]

FoodDesk

References 488% CONFIDENCE

The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.

[1]90%
globenewswire.com/news-release/2025/09/01/3142260/0/en/Nestl%C3%A9-Board-appoints-Philipp-Navratil-as-CEO-following-the-departure-of-Laurent-Freixe.html
globenewswire.com· Posted Sep 24, 2026· Starts Sep 1, 2025 ✓· 60% of score
Stated as firm: Nestlé's ad hoc release, Vevey 1 September 2025, announces Navratil's appointment "following the dismissal of Laurent Freixe with immediate effect"; GlobeNewswire's copy is stamped "September 01, 2025 13:00 ET" (17:00 UTC, 19:00 in Vevey).
[2]80%
Whistleblowing platform led to dismissal of Nestlé CEO
swissinfo.ch· Published Sep 4, 2025· 14% of score
SWI swissinfo.ch: the anonymous Speak Up platform raised the alarm in May 2025; Freixe was dismissed for not disclosing the relationship.
[3]90%
Nestlé Board appoints Philipp Navratil as CEO following the departure of Laurent Freixe
nestle.com· Published Sep 1, 2025· 13% of score
Nestlé's own copy of the same ad hoc release on nestle.com (Vevey, 1 September 2025): the board dismissed Laurent Freixe with immediate effect and appointed Philipp Navratil CEO.
[4]85%
Nestle abruptly removes CEO Freixe over undisclosed relationship with subordinate
finance.yahoo.com· Published Sep 1, 2025· 13% of score
Reuters: Freixe out exactly a year after taking the job, two investigations (the first inconclusive), no exit package, JP Morgan's comment and the 17% one-year share fall.^[1]

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Labour09/24/2026@EconDesk
Nestlé to Cut About 16,000 Jobs Over Two Years
NestléNestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, Switzerland
Starts 10/16/2025 5:00AMCONFIRMED 88% CONFIDENCE343 days agoStated as firm: Nestlé's nine-month sales release (Vevey, 16 October 2025) announces a "planned global headcount reduction of c. 16,000 over next two years"; GlobeNewswire's^[2] copy is stamped "October 16, 2025 01:00 ET" (05:00 UTC, 07:00 in Vevey).
New CEO Philipp Navratil set out a global headcount reduction of about 16,000 - some 12,000 white-collar roles and 4,000 in manufacturing and supply chain - and raised Nestlé's Fuel for Growth savings target to CHF 3.0 billion by the end of 2027. The shares jumped more than 8%.
0.75
Food09/24/2026FoodDesk
Pablo Isla Becomes Nestlé Chairman as Paul Bulcke Leaves Early
Nestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, SwitzerlandNestlé
Starts 10/01/2025CONFIRMED 81% CONFIDENCE358 days agoStated as firm: Nestlé's release of 16 September 2025 (Vevey) says "Pablo Isla will become Chairman effective October 1, following Paul Bulcke's decision to step down from the Board earlier than planned"; the pin is the effective day, the announcement having gone out on 16 September at 12:15 ET per GlobeNewswire^[1].
Former Inditex boss Pablo Isla took over as Nestlé's chairman on 1 October 2025, six months earlier than planned, after Paul Bulcke chose to step down in the wake of the CEO's dismissal. Dick Boer became Lead Independent Director and Vice Chairman.
0.69
Food09/24/2026FoodDesk
Nestlé AGM Re-elects Pablo Isla as Chair and Adds Thomas Jordan
NestléSwissTech Convention Center, 2, Route Louis Favre, Le Motty, Quartier Sorge, Renges, Lausanne, District de l'Ouest lausannois, Vaud, 1015, Switzerland
Starts 04/16/2026CONFIRMED 82% CONFIDENCE161 days agoStated as firm: Nestlé's release "Nestlé releases the results from its 159th Annual General Meeting" is dated 16 April 2026 and reports the meeting held that day at the SwissTech Convention Center in Lausanne; the February board release had set the AGM for April 16, 2026.^[1]
At its 159th Annual General Meeting in Lausanne, Nestlé's shareholders re-elected Pablo Isla as Chair and elected former Swiss National Bank chairman Thomas Jordan and P&G executive Fama Francisco to the board. They also approved a CHF 3.10 dividend, the 30th consecutive increase.
0.68
Food09/24/2026FoodDesk
Nestlé Nine-Month Sales 2025: Q3 Growth Hits 4.3%, Savings Goal Raised
NestléNestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, Switzerland
Starts 10/16/2025 5:00AMCONFIRMED 88% CONFIDENCE343 days agoStated as firm: the GlobeNewswire^[1] copy of Nestlé's ad hoc announcement is stamped "October 16, 2025 01:00 ET" (07:00 CEST in Vevey, 05:00 UTC) and datelined "Vevey, October 16, 2025", with the call at "09:30 CEST".
In Philipp Navratil's first results as CEO, Nestlé's third-quarter organic growth rose to 4.3% with volumes (RIG) back up 1.5%, and it raised its cost-savings target to CHF 3.0 billion by 2027, including about 16,000 job cuts over two years. The shares closed 9.3% higher.
0.66
Labour09/24/2026@EconDesk
Deadline for Nestlé's 16,000 Job Cuts and CHF 3 Billion Savings
NestléNestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, Switzerland
Starts 12/31/2027ESTIMATED 69% CONFIDENCEin 1.3 yearsA target, not a fixed date: Nestlé's full-year 2025 release (19 February 2026) says "In Q4 2025, we announced an acceleration of planned global headcount reductions to c. 16,000 by the end of 2027" and keeps the savings goal of "CHF 3.0 billion by the end of 2027"; a year-end target takes its last day.^[1]
Nestlé aims to finish cutting about 16,000 jobs and reach CHF 3.0 billion of Fuel for Growth cost savings by the end of 2027. By mid-2026 it reported CHF 1.7 billion of savings delivered.
0.64
Labour09/24/2026@EconDesk
Nestlé Hands Its Diósgyőr Chocolate Factory to Vimpex
Negyedik utca, Vasgyári újtelep, Újdiósgyőr, Miskolc, Miskolci járás, Borsod-Abaúj-Zemplén, North Hungary, Great Plain and North, 3533, HungaryNestlé
Starts 01/01/2027SCHEDULED 79% CONFIDENCEin 99 daysGiven as scheduled: Nestlé Hungária's release of 11 September 2026 says "2027. január 1-jétől a Vimpex cégcsoport ... folytatja tovább az édességgyártást a diósgyőri üzemben" (from 1 January 2027 the Vimpex group continues confectionery production at the Diósgyőr plant), Nestlé having said it ends production there in December 2026.^[1]
Nestlé stops making hollow chocolate figures at its 220-worker Diósgyőr plant in Miskolc at the end of 2026, and Hungarian food wholesaler Vimpex takes the factory over from 1 January 2027, keeping at least a third of the staff.
0.63
Food09/24/2026FoodDesk
Nestlé H1 2025 Results: 2.9% Organic Growth, 2025 Guidance Maintained
Nestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, SwitzerlandNestlé
Starts 07/24/2025 5:00AMCONFIRMED 89% CONFIDENCE1.2 years agoStated as firm: the GlobeNewswire^[1] copy of Nestlé's ad hoc announcement is stamped "July 24, 2025 01:00 ET" (07:00 CEST in Vevey, 05:00 UTC) and datelined "Vevey, 24 July 2025", with the analyst call at "09:00 CEST".
Nestlé's first-half organic growth was 2.9%, almost all of it from pricing with real internal growth of just 0.2%, while reported sales fell 1.8% to CHF 44.2 billion on the strong franc. CEO Laurent Freixe kept 2025 guidance, including an underlying trading margin at or above 16.0%.
0.63
Law09/24/2026@LawDesk
French Senate Inquiry Says State Covered Up Nestlé's Mineral Water Fraud
NestléLuxembourg Palace, Cour d'Honneur, Quartier de l'Odéon, 6th Arrondissement, Paris, Ile-de-France, Metropolitan France, 75006, France
Starts 05/19/2025CONFIRMED 86% CONFIDENCE1.3 years agoAP, datelined Paris 19 May 2025: 'a Senate inquiry commission said Monday'; Public Sénat: the senators 'ont rendu leurs conclusions ce lundi 19 mai'. The Senate's notice gives the filing: 'Rapport n° 628 (2024-2025), tome I, déposé le 14 mai 2025'.^[1]
After six months and 73 hearings, a Senate commission said the French state hid Nestlé Waters' use of banned treatments on Perrier, Vittel, Contrex and Hépar, a fraud France's fraud-control agency puts at over 3 billion euros.
0.62
Health09/24/2026@HealthDesk
Nestlé Extends Its Infant Formula Recall Worldwide Over Tainted ARA Oil
NestléNestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, Switzerland
Starts 01/05/2026CONFIRMED 84% CONFIDENCE262 days agoNestlé's sequence of events: 'As of 2 January 2026, we began notifying the authorities progressively in the affected countries and, as a precaution, initiated the voluntary public recall as from 5 January 2026'; Ireland's FSAI^[6] notice is dated Monday 05 January 2026.
After tracing the toxin cereulide to arachidonic acid (ARA) oil from a global supplier, Nestlé began recalling SMA, BEBA, NAN, Alfamino and Guigoz batches country by country from 5 January 2026, in more than 60 countries.
0.61
Food09/24/2026FoodDesk
Nestlé Agrees to Sell Blue Bottle Coffee to Centurium Capital
NestléNestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, Switzerland
Starts 04/23/2026CONFIRMED 84% CONFIDENCE154 days agoNestlé's ad hoc 'Three-month sales 2026' release, datelined "Vevey, 23 April 2026", states "Nestlé has agreed the sale of Blue Bottle Coffee to Centurium Capital. The transaction is subject to the customary conditions and is expected to close during H1-26"; Daily Coffee News^[4] calls this "the first direct confirmation from any of the companies involved that a sales agreement was reached".
Nestlé agreed to sell Blue Bottle Coffee, bought in 2017, to Centurium Capital, the biggest shareholder of China's Luckin Coffee, with the deal expected to close in the first half of 2026. The sale covers Blue Bottle's more than 100 cafes and most of its packaged-coffee business; Nestlé keeps the Blue Bottle Nespresso pods.
0.61
Health09/24/2026@HealthDesk
French MPs' Report Faults Nestlé's Slow Infant Formula Recalls
NestléPalais Bourbon, Rue de l'Université, Quartier des Invalides, 7th Arrondissement, Paris, Ile-de-France, Metropolitan France, 75007, France
Starts 05/19/2026CONFIRMED 82% CONFIDENCE128 days agofranceinfo^[1][3]: 'Un rapport parlementaire de l'Assemblée nationale, publié mardi 19 mai'.
An Assemblée nationale fact-finding mission found contaminated formula stayed on sale for weeks after the alert and that five weeks passed between Nestlé's first recall and France's health crisis centre hearing of it, and made 12 recommendations.
0.60
Food09/24/2026FoodDesk
Nestlé and Platinum Equity Agree to Form Peranel Waters Joint Venture
Nestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, SwitzerlandNestlé
Starts 07/23/2026 5:00AMCONFIRMED 84% CONFIDENCE63 days agoNestlé's release is datelined "Vevey, Switzerland – July 23, 2026" and its half-year release says "On July 23, 2026, Nestlé and Platinum Equity^[4] announced a plan to create Peranel"; Just Drinks^[6] reports it was "issued alongside Nestlé's first-half results", and Platinum Equity's PR Newswire copy is stamped "Jul 23, 2026, 01:05 ET" (05:05 UTC), i.e. the 07:00 CEST results release.
Nestlé will put S.Pellegrino, Perrier, Acqua Panna, Nestlé Pure Life and its other waters and premium beverages into Peranel, a 50:50 joint venture with Platinum Equity valued at EUR 4.9 billion. Nestlé expects about EUR 3.0 billion in cash at closing, due in the first half of 2027.
€4.9B
0.60

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