Nestlé Targets Developing Nations for Bottled Water and Infant Formula
By Darcey Rakestraw On April 23, Nestlé announced it had purchased Pfizer’s infant nutrition unit, which will strengthen their ability to sell infant formula in emerging markets, particularly in Asia. The move is not surprising, since 85 percent of Pfizer’s infant nutrition revenues came from developing countries, where Nestlé is also looking to expand its sales of bottled water. How do we know this? Nestlé has declared both its Pure Life brand of bottled water and infant formula as ...[READ MORE]