PepsiCo announced on Tuesday that it will be selling Tropicana and Naked juices for $3.3 billion.
- The company is selling the juice brands to private equity firm PAI Partners.
- PepsiCo intends to use part of the proceeds for debt reduction.
- PepsiCo bought Tropicana in 1998 and Naked in 2006. Both made about $3 billion in sales in 2020.
- Do you think people still drink juices like they used to? Do you prefer soda or juice when it comes to sweet beverages?
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