Eurotrack: NestléAll entries on Nestlé across all areas, newest first.tag:eurotrack.ai,2026:en:en/companies/nestle2026-07-23T06:00:00ZEurotrack🤝 Nestlé to spin off water business into venture with Platinum Equity (Switzerland / France / USA)tag:eurotrack.ai,2026:4f9ac103:en2026-07-23T06:00:00ZOn 23 July 2026 Nestlé carved out its water and premium beverages business into a 50:50 joint venture with US investor Platinum Equity. The new company 'Peranel', headquartered in Paris, brings together more than 30 brands sold in 120 countries — including S.Pellegrino, Perrier, Acqua Panna and Nestlé Pure Life — and will be led by the division's current CEO Muriel Lineau. Enterprise value is $5.6bn (around €4.9bn), generating roughly €3bn in proceeds for Nestlé. Completion is expected in the first half of 2027, subject to consultation with employee representative bodies and regulatory approvals. Second source: Il Sole 24 Ore. — Source: https://www.platinumequity.com/news/platinum-equity-and-nestle-to-create-peranel-a-5-6-billion-leader-in-water-and-premium-beverages/🏭 Nestlé to build €560m Purina wet-food plant in Mantua (Italy)tag:eurotrack.ai,2026:976509b0:en2026-07-20T06:00:00ZOn 20 July 2026 Nestlé officially announced the construction of a new integrated plant and logistics centre in Mantua (Lombardy) that from 2029 will produce premium wet food for dogs and cats under the Purina brand and other Nestlé brands. The CHF 520 million (around €560 million) investment expands Purina's European production network to 15 sites; Italy is supporting the project with around €60 million of state aid, already approved by the EU Commission the previous year. Nestlé did not give a specific job figure (second source: swissinfo/Reuters). Update (2 September 2026): The Lombardy region approved the roughly €560 million project (wet pet-food plant plus logistics hub for several group brands in Mantova-Valdaro) on 2 September 2026; production start planned for 2029, reportedly about 300 direct jobs (ticonsiglio.com, 7 September 2026). — Source: https://www.swissinfo.ch/eng/global-trade/nestl%C3%A9-is-investing-520-million-in-an-animal-feed-plant-in-italy/91772303🏚️ Nestlé to end hollow-chocolate output in Diósgyőr (Hungary)tag:eurotrack.ai,2026:1d8ef5f5:en2026-07-17T06:00:00ZBy the end of 2026 Nestlé is ending production of hollow chocolate figures (seasonal confectionery) at its Diósgyőr (Miskolc) site — according to the company due to a sharp fall in demand; the affected line accounts for under 0.4% of Hungarian manufacturing. This is not a full plant closure; Nestlé is seeking a buyer to preserve confectionery production and jobs at the site. The number of affected employees was not stated (second source: economx.hu). Update (19.10.2026): Nestlé Hungária agreed on 11.09.2026 to sell the plant to Hungary's Vimpex Group; Vimpex commits to continuing confectionery production without interruption from early 2027 and will keep at least a third of the roughly 220 employees, while up to 140 leaving staff get a severance package (Hungary Today, 14.09.2026). The closure of the site has therefore been averted. — Source: https://index.hu/belfold/2026/07/17/nestle-diosgyor-gyar-bezaras-miskolc-csokolade-edesseggyartas/📉 Nestlé to cut 16,000 jobs worldwide by 2027 (Switzerland)tag:eurotrack.ai,2026:ab07226a:en2025-10-16T06:00:00ZNestlé has announced the cutting of 16,000 jobs worldwide by 2027 in order to reduce costs and strategically realign the group after a change of leadership. — Source: https://www.reuters.com/business/nestle-reports-better-than-expected-sales-growth-with-new-ceo-helm-2025-10-16/