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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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YouTube Star Adalia Rose Passes Away At The Age Of 15

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YouTube Star Adalia Rose Passes Away At The Age Of 15

Adalia’s family revealed her passing to her millions of fans on Instagram and Facebook in a touching statement.

“January 12,2022 at 7pm Adalia Rose Williams was set free from this world,” the statement read. “She came into it quietly and she left quietly, but her life was far from it. She touched MILLIONS of people and left the biggest imprint on everyone that knew her. She is no longer in pain and is now dancing away to all the music she loves.”

Adalia Rose amassed more than 15 million followers on social media as she documented her journey with Hutchinson-Gilford progeria syndrome–a rare genetic disorder that causes children to age eight years for very year they are alive. Diagnosed with the disorder at only 3 months old, Adalia experienced symptoms like delayed development and alopecia.

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Despite living with progeria, Adalia found joy in sharing videos about makeup tips, fun times with her family members, and showcasing her great personality.

Many fans and stars, including designer Michael Costello, sent their condolences to Adalia’s family, sharing sweet messages about the impact she had on this world.

“My heart is broken. I received a message at 7pm last night, Adalia Rose Williams was called home to God. I am at a loss for words and cannot stop crying,” Costello, who previously designed a gown for Adalia, said on Instagram. “She was an angel. Despite the card she was dealt with, she had the most positive attitude and such big dreams of helping everyone around her.”

Adalia’s family has not revealed her cause of death at this time. Continue to keep her loved ones in your prayers.

 

 

 

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Source: GhArticles.com

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Maya Angelou To Become First Black Woman To Be Featured On The United States Quarter

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Maya Angelou To Become First Black Woman To Be Featured On The United States Quarter

According to the New York Post, The US Mint has already started rolling out quarters featuring activist and poet Dr. Maya Angelou.

The new design marks a moment in history as the first time a black woman has appeared on the coin.

“Each time we redesign our currency, we have the chance to say something about our country–what we value, and how we’ve progressed as a society,” Treasury Secretary Janet Yellen said in a statement. “I’m very proud that these coins celebrate the contributions of some of America’s most remarkable women, including Maya Angelou.”

The new quarter will still feature George Washington’s face on the ‘heads’ side, and pay homage to Maya Angelou and her autobiography, ‘I Know Why The Caged Bird Sings,’ on the ‘tails’ side.

The Mint reportedly plans to roll out four other commemorative quarters this year, paying tribute to women who made history in their respective fields. The coins will feature Sally Ride, the first American woman in space; Wilma Mankiller, the first female leader of the Cherokee nation; Anna May Wong, the first Chinese-American Hollywood star; and Nina Otero-Warren, a woman’s suffragist and educator in the US.

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Angelou’s coin, however, is the first of the American Women Quarters Program to be produced.

“Maya Angelou’s writing and activism inspired countless Americans and her legacy helped fuel greater fairness and understanding across our nation,” said Senator Catherine Cortez Masto, Senate sponsor of the bill. “She is exactly the type of leader I had in mind when Senator Fischer, Representative Lee and I wrote our bipartisan legislation to create a series of quarters honoring the contributions of American woman. This coin will ensure generations of Americans learn about Maya Angelou’s books and poetry that spoke to the lives experience of Black women.”

 

 

 

 

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Covid-19: New Variant Deltacron And Everything You Need To Know About It

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Covid-19: New Variant Deltacron And Everything You Need To Know About It
It seems like it’s another day, another variant of COVID is being identified. This time scientists are saying that there is a new strain that is a combination of the delta and omicron variant called “deltacron.”

 

According to Bloomberg, Leondios Kostrikis, a professor of biological sciences at the University of Cyprus, spoke about the new possible variant and said, that it has an “omicron-like genetic signatures within the delta genomes.” At the moment, it’s too early to determine the impact of the strain or if there are more cases.

Kostrikis said, “We will see in the future if this strain is more pathological or more contagious or if it will prevail against the two dominant strains, delta, and omicron.”

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The researcher’s findings were sent to GISAID, which is an international database that tracks viruses.

Reports about the omicron variant started to surface last November.

It was first detected in Botswana before making its way to other parts of the world. Shortly after, the numbers of positive cases began to rise and greatly impacted the holiday season.

According to CNBC, the U.S. is reporting a seven-day average of more than 600,000 new cases daily.

 

 

 

 

 

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Source: GhArticles.com

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