Millions of people all over the world have sipped on Evian, a well-known brand of bottled water. But a lot of folks are ignorant of who owns the business and the issues that surround it. This post will examine the ownership of Evian and provide answers to two related queries. Has Nestlé sold off its water division? Does Nestlé steal water, too? Who Is the Owner of Evian?
The French multinational food products conglomerate Danone is the owner of Evian. Evian was purchased by Danone in 1970, and since then, the company has developed the brand into one of the most known bottled water brands in the world. The French Alps are the source of Evian, which is prized for its crisp flavor and purity.
As a publicly traded firm, Danone is owned by investors who have bought stock in the business. Groupe Bruxelles Lambert, a Belgian investment firm that holds 6.6% of Danone’s shares, is the company’s largest stakeholder. BlackRock, Inc., The Vanguard Group, Inc., and Norges Bank Investment Management are a few additional substantial owners.
Another large, international food and beverage business that works in the bottled water sector is Nestlé. Although Nestlé owns a number of bottled water brands, including Poland Spring and Perrier, it has in the past come under fire for its methods of obtaining water. There is, however, no proof that Nestlé has disposed of its water division.
In actuality, Nestlé has continued to invest in its water business and aims to increase the size of its Canadian water bottling operations. This has caused controversy since many Canadians are worried about the effects water bottling has on the environment and the potential depletion of regional water supplies. Nestlé: Is Water Being Stolen?
The claim that Nestlé is stealing water is one of the biggest disputes surrounding the firm and its methods of obtaining water. According to allegations, the corporation illegally took water from nearby towns, causing water shortages and environmental damage.
Nestlé has responded by claiming that it only obtains water from places where it is legally permitted to do so and that it collaborates with neighborhood groups to make sure that its business practices are sustainable. Environmental organizations and local communities, who are worried about the effect of water bottling on their water resources, have reacted skeptically to these assertions.
In conclusion, Nestlé continues to be a significant player in the bottled water sector even though Danone is the business that owns Evian. Companies like Danone and Nestlé must prioritize sustainability and ethical water sourcing procedures as the market for bottled water expands in order to prevent further depletion of regional water supplies.