) plans to return up to 20 billion Swiss francs to shareholders over the next three years and reorganize its struggling waters business after organic sales growth slowed in the third quarter.
Nestle has followed this trend with its vegan Awesome and Incredible burgers and has also, under CEO Mark Schneider, sold its U.S. confectionery and skin health businesses while polishing up big brands including Nescafe. Nestle’s shares were indicated 0.6% higher, according to pre-market quotes by Julius Baer JBPRE01. They have risen by around a third this year, helping to ease pressure from activist investor Third Point.
“Should any sizable acquisitions take place during this period, the amount of cash to be distributed to shareholders will be adjusted accordingly,” Nestle said. Maurizio Patarnello, head of the waters business, will leave the executive board at the end of this year.
*stealing water and violate contracts
well, there goes the great and tasty vegan. 😂😂😂😂
screw Nestle and their bottled water too
It’s not a “water”business, it’s a “plastic bottle manufacturing” business...
shut down nestle
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