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PepsiCo Lands A $3.3 Billion Deal

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PepsiCo Lands big deal

PepsiCo will sell Tropicana and other juices to a private equity firm in a $3.3 billion deal.

 

The New York drink and snack company will keep a 39% non-controlling stake in a newly formed joint venture in the deal with PAI Partners.

 

Juice sales began to decline significantly in the early 2000s when low-carb diets grew in popularity, and that trend has continued with more families choosing instead to buy waters or other no- or low-calorie drinks.

 

 

Juice consumption in the U.S. peaked in 2003 at 4.2 billion gallons, but by 2017, that had fallen to 3 billion gallons, wrote Brian Sudano, the managing partner of Beverage Marketing Corp. The group does not see that trend changing.

 

The juice business delivered about $3 billion in revenue for PepsiCo last year, but at operating profit margins that were below the company’s overall margins, it says.

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PepsiCo Chairman and CEO Ramon Laguarta said in a prepared statement Tuesday that the deal “will free us to concentrate on our current portfolio of diverse offerings, including growing our portfolio of healthier snacks, zero-calorie beverages, and products like SodaStream ”

 

PepsiCo bought Tropicana in 1998 and the Naked juice brand, also part of the sale Tuesday, about 10 years later. It was heading in another direction by 2018 when it bought SodaStream, the carbonated drink machine company, for more than $3 billion.

 

PepsiCo Inc., based in New York, has the option to sell certain juice businesses in Europe

 

The deal is expected to close late this year or early next year.

 

 

 

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Source: GhArticles.com

 

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SHOCKING: 18 Out Of 20 Gorillas Contract COVID-19 At The Atlanta Zoo

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SHOCKING: 18 Out Of 20 Gorillas Contract COVID-19 At The Atlanta Zoo

According to reports, officials in the State have confirmed that 18 of 20 gorillas at the Atlanta zoo have contracted COVID-19.

This comes a few days after employees reported their first case. Many gorillas had runny noses and were coughing with an appetite change.

Zoo officials let it be known that no evidence suggests animals can transmit the virus to humans despite humans being able to transmit it to gorillas. “While humans are known to be able to transmit the virus to animals such as gorillas, and these cases have occurred at other zoos, there is currently no data to suggest that zoo animals can transmit the virus to humans.”

Officials continued, “Regardless, Zoo Atlanta visitors do not pose a transmission threat to the gorillas or vice versa given the distance between the areas used by guests and the animals’ habitats,”.

Sam Rivera, senior director of the Atlanta Zoo, stated there was concern because there is a strict protocol around COVID-19, but the gorillas were still affected.

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“The infections occurred in an area of the Zoo where COVID safety protocols are already at their most stringent,” Rivera said. “The use of PPE when working with great apes was already a standard practice at Zoo Atlanta due to their susceptibility to many of the same illnesses experienced by humans, including the common cold and influenza.”

At this time, the Atlanta Zoo is “using monoclonal antibodies to treat the gorillas at risk of developing complications from the virus,”.

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Source: GhArticles.com

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JUST IN: Dr. David Yonggi Cho Dies At Age 85

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JUST IN: Dr. David Yonggi Cho Dies At Age 85

The founder of the world’s largest megachurch, Pastor David Yonggi Cho is dead.

Yonggi Cho, who also known as Paul Yungi Cho, died in the early hours of Tuesday at age 85.

The popular cleric before his death was the founder of Yoido Full Gospel Church in Seoul, South Korea which has spread the gospel across the country.

According to CBN News, the cleric before his death had been receiving medical treatment for a brain hemorrhage he suffered from in 2020.

The founder of City Harvest Church, Kong Hee on Tuesday confirmed the death of David Yonggi Cho in a post on his Facebook account.

He wrote,  “At 7:13 am this morning, my pastor and spiritual father, Dr David Yonggi Cho (1936-2021), just went home to the presence of our Lord Jesus Christ. I love you, Dr Cho.”

Yonggi Cho was born in 1936 to a Buddhist family and lived through the Korean War.

The cleric accepted Christ at 17 when doctors told him he would die from a serious case of tuberculosis. Cho credits God for his “miraculous” recovery from the disease.

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Yonggi Cho

Yonggi Cho started a church in Seoul two years after he graduated from Full Gospel College in 1956 which later turned into Yoido Full Gospel Church.

Yoido Full Gospel Church grew into one of the most popular megachurches in the world and boasts more than 750,000 members.

He has more than 500 church locations across South Korea and has sent thousands of missionaries to countries around the globe.

Clerics and notable personnel across the world have taken to their social media platforms to react to the development.

Cho’s wife died in February this year. They are survived by their three sons.

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Source: GhArticles.com

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Man Sentenced To 5 Years In Prison For Spreading Covid-19 In Vietnam

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Man arrested for killing children

A Vietnamese man has been sentenced to jail for five years for flouting Covid-19 rules and spreading the virus.

A court found Le Van Tri guilty of “transmitting dangerous infectious diseases” to eight people, one of whom eventually died.

Until recently Vietnam had been largely successful in keeping Covid out with tight restrictions.

But infections have surged since June, with an outbreak fuelled by the more contagious Delta variant.

The country has seen more than 530,000 cases with more than 13,300 deaths, many of which have occurred the last few months.

Many of those cases have been found in the capital Ho Chi Minh City.

In early July, Tri, 28, had reportedly travelled by motorcycle from Ho Chi Minh City to his home province Ca Mau in the south of the country.

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At Ca Mau, Tri was found to have lied on a health declaration form which asked about his recent travel history, and also failed to comply with isolation rules.

Local authorities at the time had made it mandatory that anyone travelling from other provinces into Ca Mau had to immediately isolate themselves for 21 days.

Tri later tested positive for Covid, and was found to have transmitted the virus to members of his family as well as staff at a welfare centre which he visited.

Tri was sentenced to jail at the end of a one-day trial, and was also fined the equivalent of $880 (£630).

 

 

 

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Source: GhArticles.com

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