PepsiCo selling Tropicana and other juice brands1 min read

PepsiCo is going to sell Tropicana and other juice brands in North America to PAI Partners for $3.3 billion. The company intends to simplify its product portfolio and remove high sugar drinks from the portfolio.

The company which bought Tropicana and Naked Juice for $3.3 billion and $150 million respectively, will have 39% equity of the joint venture and have distribution right for the brands.

The CEO stated that the sale will give the company funds to invest more in health-focused snacks and zero-calorie beverages.

For details, click here.
0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
Would love your thoughts, please comment.x