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French Senate Inquiry Says State Covered Up Nestlé's Mineral Water Fraud
CONFIRMED86% 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.0.69Nestlé and Platinum Equity Agree to Form Peranel Waters Joint Venture
CONFIRMED84% 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.€4.9B0.63French MPs' Report Faults Nestlé's Slow Infant Formula Recalls
CONFIRMED82% 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.0.62Nestlé Extends Its Infant Formula Recall Worldwide Over Tainted ARA Oil
CONFIRMED84% 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.0.62Baltimore Jury Orders J&J to Pay $1.56 Billion Over Baby Powder Cancer
CONFIRMED81% CONFIDENCE276 days agoThe Baltimore Banner's report of Tuesday 23 December 2025 says "The jury returned the verdict in favor of Cherie Craft ... on Monday in Baltimore Circuit Court", i.e. Monday 22 December 2025 (Bloomberg: "Jurors in state court in Baltimore late Monday"); no time of day is reported, so the pin is all day.[1]A Baltimore City jury awarded Cherie Craft $59.84 million in compensatory and $1.5 billion in punitive damages, finding J&J's talc baby powder exposed her to the asbestos behind her peritoneal mesothelioma - the largest talc verdict for a single plaintiff. J&J said it would appeal.$1.6B0.62Nestlé Recalls 25 Infant Formula Batches in 16 European Countries
CONFIRMED88% CONFIDENCE288 days agoNestlé's own sequence of events: 'On 10 December 2025, we informed the Dutch authorities ... the same day, we initiated a voluntary and precautionary public recall of all batches produced (25 in total) in 16 countries in Europe'; Nestlé Sweden's release is stamped '10 December 2025 11:16'.[1]Routine checks after new equipment went into a line at Nestlé's Dutch infant-formula plant found traces of the toxin cereulide, so Nestlé recalled every batch made since - 25 batches, including NAN formula, in 16 European countries.0.62Nestlé 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
SCHEDULED79% 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.0.61Gard Prefect Lets Perrier Keep Its Natural Mineral Water Boreholes
Nestlé Waters Supply Sud Source Perrier, Vergèze, Nîmes, Gard, Occitania, Metropolitan France, 30310, France
CONFIRMED88% CONFIDENCE280 days agoGard prefecture: 'L'arrêté préfectoral d'autorisation d'exploiter N°30 2025 12 18 00009 a été publié ce jour' (published 19/12/2025); Actualités News Environnement: 'un arrêté préfectoral du 18 décembre 2025 y autorise l'exploitation des forages Romaine VI et Romaine VII'.[1]The prefect authorised Nestlé Waters Supply Sud to bottle 'Source Perrier' natural mineral water at Vergèze from only the Romaine VI and VII boreholes, with three others disconnected and 24 months of reinforced health checks.0.61Nestlé AGM Re-elects Pablo Isla as Chair and Adds Thomas Jordan
CONFIRMED82% 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.0.61Paris Prosecutors Open Five Probes Into Cereulide-Tainted Infant Formula
Tribunal de Paris, Parvis Robert Badinter, Quartier des Batignolles, 17th Arrondissement, Paris, Ile-de-France, Metropolitan France, 75017, France
CONFIRMED84% CONFIDENCE237 days agofranceinfo[1][2], quoting the Paris prosecutor on Friday 13 February: 'Ces enquêtes ont été ouvertes le 30 janvier, précise le parquet'.The Paris prosecutor's public-health unit opened five investigations, for deception endangering health and endangering life, into infant formula sold by Nestlé, Lactalis, Danone, Babybio and La Marque en moins.0.61Nestlé and Platinum Equity Close the Peranel Waters Deal
ESTIMATED75% CONFIDENCEin 279 daysNestlé's half-year release says the transaction "is expected to close in H1 2027" with "net cash proceeds of approximately CHF 2.8 billion expected in H1 2027", and Platinum Equity[3] says "expected to close by the first half of 2027"; the span's last day, 30 June 2027, is used as an estimate.Expected completion of the deal that moves S.Pellegrino, Perrier, Acqua Panna and Nestlé's other waters into Peranel, a 50:50 joint venture with Platinum Equity, paying Nestlé about EUR 3.0 billion (CHF 2.8 billion) in cash. Closing still needs employee consultations and regulatory approvals.€4.9B0.60Abbott Settles DOJ Infant Formula Claims for $385 Million
CONFIRMED88% CONFIDENCE10 days agoThe release is datelined "ABBOTT PARK, Ill., Sept. 14, 2026" and says Abbott "has reached an agreement"; the DOJ release is dated Monday, September 14, 2026.[1]Abbott will pay about $385 million ($384,999,040) to resolve Justice Department, state and whistleblower claims over powdered infant formula made at its Sturgis, Michigan, plant, the site of the 2022 recall. Abbott admits no liability, and the government has closed its criminal investigation.$385M0.60
