Nestle revamps waters business as organic growth slows

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ZURICH: Food group Nestle plans to return up to 20 billion Swiss francs ($20.13 billion) to shareholders over the next three years and reorganize its struggling waters business after organic sales growth slowed in the third quarter. Packaged food makers are branching out into new areas such as plant-based meat alternatives or products made from all-natural ingredients to boost growth in an otherwise sluggish market.

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