“Why PepsiCo just sold its Tropicana and Naked juice brands for $3.3 billion”
August 5, 2021
“PepsiCo announced it will sell Tropicana, Naked and other select juice brands to private equity firm PAI Partners. The company will net $3.3 billion in after-tax proceeds from the deal, and also retain a 39% stake in the newly formed joint venture. Johnston said the deal will help improve operating margins in PepsiCo’s closely watched North America beverage business…”