PepsiCo to Part Ways With Tropicana and Naked Juice Brands

In a further sign of soft-drink makers following consumers’ shift from more sugary products to healthier options, PepsiCo has agreed to sell a majority stake of Tropicana, Naked and other juice brands in North America to private equity firm PAI Partners. PepsiCo will receive pre-tax cash proceeds of $3.3 billion and keep a 39% non-controlling…Read More