- In another move trimming its food product line, Nestle (NSRGY, NSRGF) has sold Juicy Juice to buyout firm Brynwood Partners for up to $200M. The Swiss giant has been facing heavy competition in its food products sector, and has been selling off businesses having a rough time retaining market share.
- The $7.3B juice market Nestle competes in has been shrinking by about 3% a year since 2011, and annual sales of Juicy Juice have fallen to approximately $275M, from more than $500M seven years ago.
- Nestle is now trying to focus on faster-growing parts of its beverage business, like Nesquik and Coffee-mate.
From other sites
Video at CNBC.com (Jul 22, 2015)
Video at CNBC.com (Feb 19, 2015)
Video at CNBC.com (Oct 16, 2014)
at CNBC.com (Jun 24, 2014)
at CNBC.com (Jun 16, 2014)
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