Nestle’s Water Business: A Move That Raises More Questions Than Answers

Nestle SA, the multinational food giant, has made a bold move by deciding to retain control over its water business, despite previous plans to sell it off. This decision has sparked controversy and raised eyebrows, particularly in the wake of a scandal involving the treatment of bottled water in France. The company’s CEO, Laurent Freixe, has attempted to downplay the move, stating that Nestle may consider selling a stake in its water business, but this has done little to quell concerns.

The decision to retain control over its water business is a clear indication that Nestle is prioritizing profits over people. The company’s actions in France have been widely criticized, with many accusing it of exploiting local resources and ignoring environmental concerns. By choosing to retain control over its water business, Nestle is essentially saying that it will continue to prioritize its own interests over those of the communities it operates in.

Meanwhile, Nestle’s CEO has also expressed concerns about the economic slowdown in the US, but this is a classic case of “business as usual” for the company. Despite its claims of recovering market share in the US, Nestle’s stock price has taken a hit, with some investors experiencing significant losses. This is a clear indication that the company’s decision to retain control over its water business has not been well-received by the market.

The Consequences of Nestle’s Decision

The consequences of Nestle’s decision to retain control over its water business are far-reaching and potentially devastating. Some of the key consequences include:

• Continued exploitation of local resources and communities
• Increased environmental degradation and pollution
• Further erosion of trust between Nestle and its stakeholders
• Potential long-term damage to the company’s reputation and brand

A Call to Action

In light of Nestle’s decision to retain control over its water business, we are calling on the company to take immediate action. This includes:

• Conducting a thorough review of its water treatment practices and making any necessary changes
• Providing greater transparency and accountability to its stakeholders
• Prioritizing the needs and concerns of local communities over its own interests
• Considering the sale of a stake in its water business to address concerns about its ownership structure.