Menu
24/04/2013
GSK Put Iconic Soft Drink Brands Up For Sale
In a move that could net £1bn, GlaxoSmithKline (GSK) have put Lucozade and Ribena up for sale.
The popular soft drink brands date back to 1927 and 1938 and went on sale today (Wednesday).
Chief executive of GSK, Sir Andrew Witty, said it hoped to sell the brands to a global drinks giant.
"[We] concluded that the tremendous growth potential of these iconic brands, particularly outside the 'core' western markets, could be better leveraged by companies with existing category presence and infrastructure in these regions," he said in a statement.
Global sales of Ribena grew by 2% in the first three months of this year. But Lucozade sales dropped 2%, and sales in Europe fell by 7%.
(H/CD)
The popular soft drink brands date back to 1927 and 1938 and went on sale today (Wednesday).
Chief executive of GSK, Sir Andrew Witty, said it hoped to sell the brands to a global drinks giant.
"[We] concluded that the tremendous growth potential of these iconic brands, particularly outside the 'core' western markets, could be better leveraged by companies with existing category presence and infrastructure in these regions," he said in a statement.
Global sales of Ribena grew by 2% in the first three months of this year. But Lucozade sales dropped 2%, and sales in Europe fell by 7%.
(H/CD)
Related UK National News Stories
Click here for the latest headlines.
09 September 2013
GSK Sell Lucozade And Ribena Brands
GlaxoSmithKline (GSK) has sold the Lucozade and Ribena brands to Suntory for £1.35bn. It is understood that GSK took the decision to sell the soft drinks brands to the Japanese company, who already own Orangina Schweppes, in order to concentrate on their pharmaceuticals business.
GSK Sell Lucozade And Ribena Brands
GlaxoSmithKline (GSK) has sold the Lucozade and Ribena brands to Suntory for £1.35bn. It is understood that GSK took the decision to sell the soft drinks brands to the Japanese company, who already own Orangina Schweppes, in order to concentrate on their pharmaceuticals business.
23 September 2014
AG Barr Sign 10-Year Snapple Deal
AG Barr, which produces Irn Bru, has signed a 10-year deal to market, sell and distribute US soft drink Snapple in the UK and parts of Europe. The announcement came as the company also revealed its half year profits had increased by 15% to £19m.
AG Barr Sign 10-Year Snapple Deal
AG Barr, which produces Irn Bru, has signed a 10-year deal to market, sell and distribute US soft drink Snapple in the UK and parts of Europe. The announcement came as the company also revealed its half year profits had increased by 15% to £19m.
19 May 2015
Calls To Lower Drink-Drive Limit In England
The Police Federation has said the drink-drive limit in England and Wales should be lowered. The organisation, which represents rank and file officers in England and Wales, wants the limit cut from 80 to 50 milligrams of alcohol per 100 millilitres of blood.
Calls To Lower Drink-Drive Limit In England
The Police Federation has said the drink-drive limit in England and Wales should be lowered. The organisation, which represents rank and file officers in England and Wales, wants the limit cut from 80 to 50 milligrams of alcohol per 100 millilitres of blood.
20 July 2007
Drink-drive campaign targets young male motorists
Young men are being targeted by a new £3 million anti-drink drive campaign, which has been launched by Transport Secretary Ruth Kelly. The new campaign is called 'Moments of Doubt' and focuses on the social consequences of being caught drink driving, rather than previous shocking images of crashes.
Drink-drive campaign targets young male motorists
Young men are being targeted by a new £3 million anti-drink drive campaign, which has been launched by Transport Secretary Ruth Kelly. The new campaign is called 'Moments of Doubt' and focuses on the social consequences of being caught drink driving, rather than previous shocking images of crashes.
01 December 2005
Christmas drink drive campaign launched
The government has launched this year’s Christmas drink drive campaign. This year’s advertising will focus on the fact that motorists cannot calculate their own drink drive limits and, therefore, should avoid alcohol altogether.
Christmas drink drive campaign launched
The government has launched this year’s Christmas drink drive campaign. This year’s advertising will focus on the fact that motorists cannot calculate their own drink drive limits and, therefore, should avoid alcohol altogether.
-
Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
