Nestlé spins out its Buxton and Perrier water business into a joint venture valued at £4.2 billion with private equity firm Platinum Equity, according to reports. The restructuring moves the water arm into a new ownership structure rather than keeping the brands solely within Nestlé. Trade unions have raised concerns about the implications of the deal, warning Nestlé and Platinum Equity against changes that could affect workers’ rights or threaten existing jobs. The reporting indicates that union representatives are monitoring the transaction and considering potential impacts on employment conditions as the businesses are separated from Nestlé. While details of the operating structure are not fully specified across the sources provided, the central elements are consistent: a carve-out of the Buxton and Perrier water segment, a new joint venture arrangement, and a stated total deal value of £4.2 billion. The unions’ position centers on protecting workforce terms during and after the transition, with the companies facing scrutiny over how the spin-out is implemented.