Vending

Nestle considers divesting bottled water business in China

July 22, 2020

Nestle SA is considering selling a bottled water business in China as part of an effort to shed underperforming brands, according to a Bloomberg report.

The unit sells a locally sourced version of Da Shan Yunnan Spring and Nestle Pure Life and has yearly sales of about 50 million francs ($53 million).

Nestle has also reportedly narrowed the bidders for Yinlu Foods Group in China and has also put up its U.S. bottled water business for sale, as previously reported.