Aug
03
PepsiCo to Part Ways With Tropicana and Naked Juice Brands
Posted in: UncategorizedIn a further sign of soft-drink makers following consumers’ shift from more sugary products to healthier options, PepsiCo has agreed to sell a majority stake of Tropicana, Naked and other juice brands in North America to private equity firm PAI Partners. PepsiCo will receive pre-tax cash proceeds of $3.3 billion and keep a 39% non-controlling…
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