US: Cadbury Schweppes to develop enhanced water - report
Cadbury Schweppes's US beverage unit has plans to develop an enhanced water product, according to reports.
Last week, the US beverage maker unveiled that it has begun developing a bottled water enhanced with vitamins and minerals, Reuters said late last week. The news service sourced the information from an interview with Gil Cassagne, president and chief executive of Cadbury Schweppes Americas Beverages.
The independent bottling system of Cadbury currently distributes Glaceau's Vitaminwater brand. Following the recent US$4.1bn acquisition of Glaceau by Coca-Cola Co. earlier this month, however, the distribution remains in question.
Citing unnamed sources last week, The Times has claimed that two private equity consortiums are in the running for Cadbury's drinks unit. One consortium is comprised of Blackstone, Kohlberg Kravis Roberts, and Lion Capital, while another consists of Bain Capital, Texas Pacific, and Thomas H Lee. A third possible group, made up of Canada's Cott Corp. and other private equity groups, is also thought to be looking to bid.
An announcement on the fate of the soft drinks arm is expected from Cadbury Schweppes at its trading update tomorrow.
The Coca-Cola Co. has successfully appealed against a court ruling in Argentina that said a campaign by Danone had not affected sales of Coca-Cola's Dasani water brand in the country....
Cadbury Schweppes has announced the new name for its soon-to-be demerged North American drinks unit....
The Coca-Cola Co. is not planning to find a replacement chief operating officer following last week's reshuffle announcement....
US soft drinks group Thomas Kemper Soda has appointed Brett Zinkel as director of sales....
The CEO of The Coca-Cola Co. is set to stand down next year....
Jones Soda Co.'s chairman and CEO will step down from his position at the end of the year....
The Coca-Cola Co. has teamed up with the World Wildlife Fund to support polar bear conservation as part the drinks giant's commitment to climate protection in the US....
The Coca-Cola Co. is looking to invest in India over the next three years in an effort to expand its operations in the country....
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