Nestle is selling half of its premium water and beverage business in a transaction valued at 3.4 billion dollars. This strategic move will lead to the formation of a newly independent entity known as Peranel.
According to Food Dive, the new company will manage a portfolio of high-end brands, including Source Perrier and S.Pellegrino. This restructuring marks a significant shift in the ownership of some of the world's most recognised sparkling water labels.
