Nestle open to partnerships for water business -exec
VEVEY, Switzerland, Nov 19 (Reuters) -San Pellegrino and Perrier owner Nestle will spend the coming months carving out its 3.3 billion-Swiss-franc water business and is open to deals and partnerships, a top executive told Reuters.
"There's much more work to be done," said Sanjay Bahadur, head of group strategy and business development. "It requires time, it requires investment, which is why we're open to look for partnerships, because some of the privileged players might have better distribution networks."
Reporting by Richa Naidu
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