Bact, Bev, Bevs, Bısv, Bısv08, Blr, Carbsd, Cmpny, Deal1, Dvst, Fdk, Fın, Fıns, Fıns08, Fobe, Fod, Fund, Invbıs, Invm, Invs08, Mrg, Ncyc, Pve, Pve08, Sftbv, Amers, Namer, News1, Res, Resf, Topnws

Bact, Bev

PepsiCo to sell Tropicana, other juice brands for $3.3 billion

PepsiCo to sell Tropicana, other juice brands for $3.3 billion

8/3/2021 2:20:00 PM

PepsiCo to sell Tropicana, other juice brands for $3.3 billion

PepsiCo Inc (PEP.O) will sell its controlling stake in Tropicana, Naked and other juice brands in North America to private equity firm PAI Partners for $3.3 billion, the beverage giant said on Tuesday.

1 minute readFile Photo: Pepsico's Tropicana juice is seen on display at a new Wal-Mart store in Chicago, in a January 24, 2012 file photo. REUTERS/John Gress/FilesAug 3 (Reuters) - PepsiCo Inc(PEP.O)will sell its controlling stake in Tropicana, Naked and other juice brands in North America to private equity firm PAI Partners for $3.3 billion, the beverage giant said on Tuesday.

Lil Nas X Gives Birth to Long-Awaited Debut Album 'Montero': Stream It Now Ken Jennings and Mayim Bialik will host 'Jeopardy!' for the rest of the year Jane Powell, Star of Hollywood Golden-Age Musicals, Dies at 92

The sale will allow PepsiCo to concentrate on growing its portfolio of health-focused snacks and zero-calorie beverages, Chief Executive Officer Ramon Laguarta said.The company will retain a 39% stake in the new joint venture and have exclusive U.S. distribution rights for the brands.

PepsiCo bought Tropicana, one of the world's most recognized juice brands in 1998 for roughly $3.3 billion and premium juice maker Naked Juice nearly a decade later for $150 million.The juice businesses made about $3 billion in net revenue in 2020 with operating profit margins that were below PepsiCo's overall operating margins, the company said. headtopics.com

Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur and Patrick GrahamOur Standards:More from ReutersSign up for our newsletterSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

Read more: Reuters Top News »

Gavin Newsom holds onto his job as California governor, CNN projects

California's Democratic Gov. Gavin Newsom has defeated the effort to remove him from office, according to a projection from the CNN Decision Desk, capping off a recall effort that was born in partisan anger over his pandemic response but ended with a vote of confidence in his strategy to combat it.

PepsiCo had raped or destroyed company's putting countless numbers of people out of work, all for profit or to kill the competition. Usually they leave the bare bones to sell to investor groups. Not surprised. But it is a great stock to own.

WSJ News Exclusive | PepsiCo to Sell Tropicana, Naked Juice Brands to Private-Equity FirmThe snacks-and-beverage company will sell Tropicana, Naked and other juice brands in North America to private-equity firm PAI Partners, according to people familiar with the matter. Poison RIP juice, I guess.

Lizzo Confirms The 'Rumors' Are True: A New Song Is On The WayThe “Rumors” are true! New lizzo music is dropping this month 🎉 lizzo Y lizzo rumor as an antifactor of interpersonal confidentiality … like a facadeless backstabbing for a harassment initiative

Reese Witherspoon’s Company Sells for Almost $1 BillionThe company is best known for co-producing Witherspoon’s hit television efforts 'Big Little Lies,' 'Little Fires Everywhere,' and 'The Morning Show.'

Biden White House, under pressure from Democrats, responds on evictionsResponding to political pressure to extend the now-expired federal ban on evictions, the Biden administration announced Monday new measures to help prevent evictions. Wanna bet red states are holding up the money to damage POTUS’s presidency? thanks Pelosi...yea ok.

Reese Witherspoon Sells Company Hello Sunshine for Nearly $1 Billion - E! OnlineReese Witherspoon is saying hello (sunshine) to a nearly $1 billion paycheck after selling her company: 'I couldn’t be more excited about what this means for our future.' She’s not say hello she saying Worth that and then some... Congratulations

Beef Suya: How to Grill Nigeria’s Famous Street Food SkewersSuya is Nigerian street food at its finest: Skewers of spiced, nutty, smoky, charred beef, served with raw onions, tomatoes, cilantro, lettuce, and freshly squeezed lime juice.