Coca-Cola has closed its $4.9 billion purchase of retail coffee café chain Costa … JAB Holding-owned Peet’s Coffee has acquired a majority stake in Revive Kombucha
BD held its annual Future Smarts conference on Dec. 7 in New York City. The program focused on the implications of massive changes this year to the North American non-alcoholic beverages landscape. New leaders have taken over all three of the largest soft drink makers -- Coca-Cola, PepsiCo and Keurig Dr Pepper -- since 2017. Acquisitions of Dr Pepper Snapple by Keurig Green Mountain, Costa Coffee by Coke and SodaStream by PepsiCo have all signaled a more aggressive approach to portfolio transformation. Meanwhile
Without ceremony, Keurig Dr Pepper CEO Bob Gamgort shed light on the future of Allied Brands Vita Coco, High Brew and Neuro during the company’s Nov. 7 earnings conference call. Distribution agreements with all three have not changed, he said. “The Allied Brand portfolio has settled out nicely in a fairly short period of time,” Gamgort said, referring also to the additions of Evian, Peet’s Iced Espressos, and Forto Coffee Shots distribution deals, and the acquisitions of Big Red and Core water. Allied Brands represent about 5% of KDP sales and profit, Gamgort has said.
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