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Pepsi to dispose of Tropicana, Naked to focus on zero-calorie drinks and healthy snacks


PepsiCo decided to sell some of its juice drink brands to private equity firm PAI Partners. It was reported that the deal is valued at $3.3 billion.
As per Fox Business, Pepsi is selling Tropicana, Naked, and other beverage brands that it owns, and the sale will make way for the American food, snack, and beverage company headquartered in New York to center its attention to healthier snack and beverage options that is said to be its goal.
Under the deal, PAI Partners will have a controlling stake in Tropicana, Naked and other Pepsi juice brands select juice brands in North America. In addition, part of the terms is an irreversible option to sell specific juice businesses in Europe. ....

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Pepsi to sell Tropicana, Naked and other juice brands

Pepsi to sell Tropicana, Naked and other juice brands
foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.

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