Nestle Reassures Customers on Mineral Water Products
In a move aimed at calming concerns among its customers, Nestle SA, the multinational food giant, has issued a statement assuring the public that its mineral water products in Germany are safe and unaffected by recent investigations in France. The company’s announcement comes on the heels of a high-profile investigation into the treatment of its mineral water in France, where authorities recently searched the company’s Paris office.
According to Nestle, no natural mineral water from French production is sold in Germany, alleviating fears that the company’s German customers may have been impacted by the controversy. Instead, only the San Pellegrino and Acqua Panna brands, which are sourced from other regions, are distributed in the country.
The news is a welcome relief for investors, who have seen Nestle’s stock price remain relatively stable in recent days. Despite the ongoing investigation, the company’s stock closed at 76.99 CHF, just shy of its 52-week low. This stability is a testament to the company’s strong market position, with a market capitalization of around 205 billion CHF.
Key Facts:
- No natural mineral water from French production is sold in Germany
- San Pellegrino and Acqua Panna brands are distributed in Germany
- Nestle’s stock price remains relatively stable, with a recent close price of 76.99 CHF
- Market capitalization remains significant, at around 205 billion CHF