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Bottled water was the fastest growing sector of the global soft drinks market in 2007 but as the economic downturn squeezes middle-class wallets in Western Europe and North America, there is evidence that tap water is making a comeback. Euromonitor International analyst Rob Walker believes the leading bottled water companies must maintain investment in these markets during the tough times in order to maximise returns in the long term.
Here's a look at what was happening on this day in...
Nestle has posted continued growth for its water division in the year so far, with all regions delivering positive numbers for Nestle Waters.
Nestle has said that it is seeing improving momentum in its North America business, despite competition in the region hitting nine-month sales at its waters division.
Nestle Waters has recorded a drop in nine-month sales, hurt by competition in North America.
Nestle Waters has appointed a marketing director for its France and Belgium divisions.
Nestle has said that it will continue to focus on merger and acquisition opportunities this year, with a focus on bolt-on deals.
Nestle Waters has seen its operating profit margin fall in the first-half of the year, hurt by higher input costs.
Nestle has filed a lawsuit against the Russian company Elitvoda Ru, accusing it of illegally importing Nestle products into Russia.
After two years of declines, Nestlé Waters has reported a slight sales increase in 2010 thanks to renewed consumer demand in several developed countries.
Nestle Waters has recorded an increase in sales for the first nine months of the year, driven by share gains in key markets.
Nestle Waters is in talks with Eden Springs to sell its French water cooler business, Nestle Waters Direct France.
Nestlé Waters is to cut 250 jobs at its production plant for Vittel and Contrex mineral water brands in eastern France.
Nestlé has said it must find new opportunities for bottled water in the US and key Western Europe markets in order to help turn around flagging sales for the Nestlé Waters business.
Weak bottled water markets in Western Europe and North America have damaged sales at Nestlé Waters and parent group Nestlé in the first half of 2009.
Nestle Waters has agreed to sell its Russian water bottling company Saint Spring to mineral water producer IDS Group.
Nestlé Waters plans to invest EUR18m (US$24m) this year at its mineral water bottling plants at Vittel and Contrexéville in eastern France.
Bottled water sales in the UK will continue to fall in 2009, but the category is on-track to recover in 2010, according to a new report.
Branded bottled water looks like the early victim in the global economic downturn, following results from big hitters Nestle and Danone last week.
Top bottled water companies Nestlé Waters, Danone and Highland Spring, have launched a new industry lobbying association to jointly promote their sector.
Nestlé Waters is planning to cut 250 jobs at its mineral water production sites at Vittel and Contrex in eastern France, by the end-of 2009.
UK tap water has come up near the top in a blind taste test, according to local reports.
Nestlé is looking to enter the Chinese water market.
Nestlé has posted a healthy lift in profit for the first six months of this year.
Nestlé Waters is to launch bottled water brand Vittel in China next month after securing a deal with one of the country’s leading wine and spirits distributors..
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