Nestlé unveils €4.9bn drinks giant Peranel in portfolio shake-up

Nestlé has unveiled Peranel, a €4.9bn standalone water and premium beverages company, as part of its strategy to streamline its portfolio and focus on higher-growth categories. Created in partnership with Platinum Equity, the new business will house more than 30 brands, including Perrier, S.Pellegrino and Nestlé Pure Life, with operations spanning 120 countries.