With focus on health, PepsiCo sells Tropicana, other brands - NewsBreak
By Jozef in Business
Updated 3 years ago
SOMERS, New York: PepsiCo Inc sold Tropicana and other juice brands in North America for $3.3 billion to French private equity firm PAI Partners on Tuesday, as it looks to focus on more profitable brands. The company will keep a 39 percent stake in the new joint venture and have...