Coca-Cola is taking over French fruit juice manufacturer Tropico, in order to accelerate the diversification of its portfolio: Coca-Cola is looking to become an important player on the market for non-sparkling soft drinks.
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Snack and beverage giant Pepsico has recorded a slight revenue growth of 2.4 % in the second quarter of this year. Net profit however went 14 % lower, due to rising taxes.
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Tonic brand Fever-Tree appointed a new director, Kevin Havelock. Considering he leads Unilever’s sodas division, there is speculation that Unilever may acquire Fevertree Drinks and that has boosted its share.
Juice and soda bottling company from Rotterdam, Refresco, has a new owner: PAI Partners. The French investment firm and British Columbia Investment Management will pay 20 euro per share, which results in a 1.62 billion euro acquisition fee.
The soda industry has voluntarily chosen to no longer sell sugary drinks in secondary schools across the European Union. The move comes eleven years after the ban on sugary drinks in primary schools.
Soda manufacturer Coca-Cola halted its collaboration with AB InBev in Africa. The Belgian brewer owns more than half of Coca-Cola Beverages Africa and manufacturers and distributes Coca-Cola's sodas in Africa.
Philadelphia is the first major city in the United States to introduce a soda tax: starting next year, it will require 0.5 dollar for every liter of soda, despite retailers and manufacturers trying to fight the decision every step of the way.