26 February 2026
26 February 2026
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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.
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