Westfair Online - Nestle Waters decision on tap

Home

Fairfield County Business Journal

Nestle Waters decision on tap

Alexander Soule

Jul-02-09, 12:13 PM

0 Votes

Topics: Retail

With the right wind blowing from the rooftop of Nestlé Waters’ North American headquarters in Greenwich, a stream launched skyward from a shaken carbonated-beverage bottle has a slim shot at landing in neighboring Port Chester, N.Y.

That appears to be about the only chance the Empire State has of getting any attention from the owner of Poland Spring Water and other brands.

With the local commercial office market hardly bubbling over in 2009, brokers say Nestlé Waters is investigating its options for its headquarters, as its current lease nears expiration at 777 West Putnam Ave. in Greenwich. It is perhaps the largest lease transaction still unsettled in Fairfield County entering the second half of 2009.

Nestlé Waters has more than 8,000 employees in the U.S. and Canada, including some 400 workers at 777 West Putnam Ave. at last report. The company has yet to state its plans for that facility, and a spokesperson could not be reached at deadline.

In 2008, Nestlé Waters had $8.8 billion in worldwide revenue and was the lone division of Lausanne, Switzerland-based Nestle to suffer a decline in sales at 1.6 percent, excluding the impact of acquisitions in the intervening year.

The company’s North American operations are run by Kim Jeffery, who earlier this year publicly criticized a proposed bottle bill in New York that would have extended deposit charges to a broad range of beverages sold by Nestlé Waters. A lawsuit filed by Nestlé delayed implementation of the New York bill.

Separately, Jeffery endorsed a revamped bottle bill in Connecticut proposed by Gov. M. Jodi Rell.

Page 1 of 2

«
Start
Prev
1
2
Next
End
»

0 Comments

Add Comment

Articles by This Author

Alexander Soule

They’re grrrreat?

Dec-09-07, 07:00 PM

After acquiring Bear Naked Inc., Kellogg Co. plans to shut down the Norwalk company’s headquarters and a Stamford facility, affecting about 100 jobs.

The light and angles beyond ‘say cheese’

Jun-24-07, 07:00 PM

Roger Busch threw his energy into photography too late to have a shot at joining Margaret Bourke-White as the lone Fairfield County inductee to the International Photography Hall of Fame.

Vine and dandy

Connecticut wines take home gold

Sep-30-07, 07:00 PM

After DiGrazia Vineyards beat out 26 other wineries last month for top honors at the Northeast’s largest agricultural fair, Dr. Paul Digrazia believes more connoisseurs will be beating a path to his Brookfield winery and others on the Connecticut Wine Trail.

L.L. Bean to open outlet in New Haven

Jul-29-07, 07:00 PM

L.L. Bean has bypassed Fairfield County in favor of opening a factory-discount outlet this fall in Orange, just over the New Haven County border.

Report: Knife vendor hones Conn. plans

Jul-20-08, 07:00 PM

Wüsthof-Trident of America Inc. reportedly may relocate its main U.S. facility from Briarcliff Manor to Norwalk, Conn., considering property that was formerly owned by NorwalkCommunity College.

GE Plastics sold to Saudi firm

May-27-07, 07:00 PM

General Electric Co. is selling its plastics division for $11.6 billion to Saudi Basic Industries Corp., a petrochemical company controlled by the government of Saudi Arabia.

New bank targets moneyed depositors

Dec-23-07, 07:00 PM

More than 30 investors have chipped in $36 million in support of a new private bank, and the company’s founders anticipate raising $9 million more as the bank anticipates a February launch.

‘Meeting local’ a growing trend in region

Feb-01-09, 07:00 PM

Despite dropping room-occupancy rates in the hotel industry, some local venues say companies in the region continue reserving space for meetings.

Slash and earn

Conferees hear pro-growth appeal

Jan-18-09, 07:00 PM

The marauding costs – of living, of doing business, of insuring – that bloat the state budget and chase companies elsewhere have long been bold-face talking points of the state’s largest business association.