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Business Wars Daily

As Profits Drain from the Water Business, Nestlé Looks to Sell

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 5 November 2020

⏱️ 7 minutes

🧾️ Download transcript

Summary

Today is Thursday, November 5, and we’re looking at Nestlé vs. PepsiCo.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

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1:05.6

Thank you. McMillan Online Community. From Wondry, I'm David Brown, and this is Business Wars Daily on this Thursday, November 5th.

1:10.5

Nestle is trying to sell

1:11.6

several of its bottled water brands for $5 billion. Sounds like a lot of money for water, doesn't it?

1:17.8

Now, we all know that water from the tap is free, regardless. Americans have spent billions of dollars

1:23.3

buying bottled water over the last few decades. The daily decision to grab a bottle has added up to big business for Nestle. It's the third largest seller of bottled water over the last few decades. The daily decision to grab a bottle has added up to

1:28.2

big business for Nestle. It's the third largest seller of bottled water in the world. But sales

1:33.2

of plain bottled water have been slowing for the Swiss food conglomerate. 2019 was its worst

1:38.3

sales year in a decade, according to Bloomberg. In October, after at least a year of speculation,

1:44.1

Nestle announced that it's

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