04 Aug 2021 --- PepsiCo is slimming down its juice portfolio, having newly inked a deal to sell Tropicana, Naked and other select juice brands across North America to French private equity firm PAI Partners. The agreement includes an irrevocable option to sell certain juice businesses in Europe. The move will result in combined pre-tax cash proceeds of approximately US$3.3 billion while retaining a 39 percent non-controlling interest in a newly formed joint venture.
