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Sharp reported from Portland, Maine. Durbin reported from Ann Arbor, Michigan. Pint bottles of Pure Life purified water bottled by Nestle, are on sale Sept. Rogelio V. Latest Business. Most Read. The consumer packaged-goods giant announced last summer it was embarking on a strategic review of its water business while recommitting to the global premium-water portfolio. The consumer brands company has been retreating from the North American market for some time, exiting its direct-store delivery network for pizza and ice cream in , as well as selling its U.
Previously, it sold its Buitoni pasta business in North America to a private equity firm. Water has been a controversial topic for Nestle after comments by former CEO Peter Brabeck-Letmathe were taken out of context to make it appear that he said water "is not a human right. While water was an important growth market for Nestle as soda consumption declined , bottled water's growth has slowed in recent years.
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