|
The move was announced as part of broader plans to shake-up the group's UK and Ireland business.
|
 |
|
The local government also looks to prohibit sales of drinks with over 32mg of caffeine per 100ml to under-18s.
|
|
|
"We believe that elevated inventory levels will continue to pressure our brown goods business in the near-term," CEO Julie Francis said.
|
|
|
Elliott Investment Management, which has recently been in dialogue with PepsiCo, has also invested in JM Smucker.
|
|
|
The Australian business has also entered a co-manufacturing deal with Fair Dinkum Foods.
|
|
|
Suntory Beverage & Food said the line will replace two existing Ribena lines that split production between concentrate and RTD formats.
|
|
|
The brand will be produced and distributed in the UK by Carlsberg Britvic, PepsiCo’s bottling partner and the local arm of Carlsberg.
|
|
|
"The way we'll think about strategy is how do we build out a portfolio that actually reflects and is effective in the prevailing economic conditions?" CEO Sir Dave Lewis said.
|
|
